SolarNow raises $9 million in debt financing from SunFunder, others
|
Welcome to today’s edition of TC Daily. Did a friend or colleague forward this to you? Do take a moment to subscribe so you don’t miss out on future editions.
|
|
| The Kenyan government has announced a compulsory 6-month ICT training programme for its police force, according to Fred Matiang’i, the country’s Interior Cabinet Secretary. Techpoint reports that the directive has been put in place so officer have the skills to use a newly launched National Police Service Information Management System (IMS), which is expected to play a key role in the government’s ongoing reforms of the police force. The monster fueling these reforms have been Kenya’s long history of corruption which has taken many forms over the years. |
|
|
Safaricom’s loan product, Fuliza, has gone live following approval from the Central Bank of Kenya (CBK). M-PESA users will be able to access the service through a USSD code and CBA Bank is Fuliza’s funding partner. Unlike short loan services like M-Shwari that have a fixed monthly facility fee based on the amount borrowed, Fuliza will charge a facility fee of 0.5% per day on the outstanding balance.
|
|
| Uganda-based SolarNow, which sells and finances solar home systems, has raised $9 million in debt funding, according to Digest Africa. The funding was led by SunFunder with participation from responsAbility and Oikocredit. This raise comes 3 months after SolarNow raised a $740K grant from the Mastercard Foundation Fund for Rural Prosperity and will go into scaling SolarNow’s services across Uganda. |
|
| Ventureburn took a look at the red-tape struggles of Tanzanian entrepreneurs in this article, as the East African nation continues to drop on the World Bank’s Ease of Doing Business Index. |
|
|
June 2019 will see the launch of the inaugural WISH Africa EXPO at Olympia London. The expo is a multi-industry showcase of African culture, commerce and development. You can register to get notified of early bird tickets release and for further information here.
|
|
|
Applications are now open for version 5 of the Hotels.ng remote internship. If you’ve never heard of it, here’s a good primer. If you, or anyone you know, is interested, sign up here.
|
|
| Join us at TC Townhall: The State of Healthtech in Nigeria holding on January 18, 2019. The event will convene some of the leading healthcare innovators, investors and policymakers to discuss the challenges and opportunities in the sector as well as put together proposals to support the growth of the sector. Our theme panel includes healthtech entrepreneurs with a wealth of experience, investors and government representatives. There will be a legal workshop and we will also unveil our Nigeria Healthtech Industry Report. Sign up here so we can notify you when registration goes live. |
|
All Done.
We’ll see you tomorrow.
– Akindare.
|
|
|
|
Do the right thing, share this digest.
|
|
|
|
|
