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Home The Big 5 Big 5 Daily

Copia Receives $2m Equity Investment from Goodwell, AfDB to Invest 32.5 million in African Energy, GSC and More

Tech Gist Africa by Tech Gist Africa
01/22/2019
in Big 5 Daily
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Copia Receives $2m Equity Investment from Goodwell, AfDB to Invest 32.5 million in African Energy, GSC and More
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Hi guys, welcome to the Big 5 Daily where we give you the latest in African Tech.


We start with news that Copia, which is a Kenya-Based ecommerce platform received $2 fund in Investment from Goodwell Investments. Copia integrates technology with a wide network of local agents—numbering over 3000 to deliver goods and services to about 40,000 people in rural Kenya. In conversation with Ventureburn, a representative of Copia said that the investment will be channeled towards increasing the geographical footprints of its services and will help in expanding to other countries as well. Huge congratulation to the team.


The Nigerian Communications Commission (NCC) recently released its statistics for 2018 and they recorded that the year ended with 172 million subscribers and a clear upshoot in the rate of teledensity. The statistics show that service providers gained over 25 million new subscribers during the year. It reported that MTN still holds on to the largest subscriber base with Globacom following with 43.3 million subscribers. On the internet, it revealed that broadband penetration rose from 30.9% to 31.5%. Interesting facts and figures, if you want the full report visit


On trainings and Innovation, Tech4her Africa partnered with American Corner -CCHUB, Google, Microsoft, IBM, MEST Africa and Inspiriasoft to launch the GirlsSlayCode (GSC) Program. This is an initiative driven to train more than 5 million girls in Nigeria, Ghana, Kigali and South Africa on languages like Python, Java and C++ and how to develop with them. This edition holds in Nigeria and registration closes on the 30th of January. Tuition is free, registration is 5,000 naira and Certifications are issued at a cost. Are you interested? Apply here.


Moving down to South Africa, it was recently announced that Oracle, the internationally acclaimed Cloud Solutions platform will be a Gold Sponsor at the Digital Retail Forum 2019 which will hold at Hilton Sandton, Johannesburg, South Africa on the 30th of January. The Forum, which is themed “Harnessing Digital Technology for Next-Level Customer Centered Retailing” will shed light on emerging technologies like AI, IoT, Drones and Fintech solutions. Over 200 experts and leaders in the retail industry will be present to join the conversation. Do you want to register? Visit


Finally, we round up with great news that the board of Directors at African Development Bank (AfDB) approved a 32.5 million equity investment into Climate Investor One’s Construction Equity Fund (CEF). The CEF is an initiative driven to use a ‘unique blended approach to deliver renewable energy projects to the market’. The fund will impact Africa socially and environmentally by creating jobs, promoting clean energy and developing markets. This is great news for the continent at large.


And that is all for the Big 5 Daily. See you tomorrow.

 

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Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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