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sub-saharan africa

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Beacon Power Services Raises $2.7M To Help Increase Access To Electricity Across Africa

The phrase “NEPA took the light” is something that you hear quite often in Nigeria. The acronym stands for the National Electric Power Authority, the former name for the company that keeps the power running in the country. Now, named the Power Holding Company of Nigeria, electricity cutting off sporadically continues to be an ongoing issue. In 2014, Beacon Power Services (BPS) founder and chief executive officer Bimbola Adisa launched his company to help improve electricity access in not only Nigeria but across Africa, TechCrunch reports. A report says that in 2020, 77 percent of Sub-Saharan African countries had no access to electricity, having to turn to alternatives like generators. After eight years invested in providing energy management software and analytics for utilities, BPS has recently raised $2.7 million, according to the outlet. “Africa is home to the fastest growing cities in the world, but when most people think of energy access in Africa, they think of the rural...

Aug 5, 2022

Ghanaian Medtech Startup Redbird Raises $1.5M Seed to Bring Rapid Medical Testing to Sub-Saharan Africa

Africa’s health-research landscape has been steadily growing as of recently, but in order to keep this momentum going healthcare must become decentralized. For Ghanaian medtech startup Redbird, its company believes there is a better way to make medical testing in the country an easier process for both patients and doctors by introducing a simple health monitoring system. By partnering with pharmacies, Redbird is able to bring Ghanaian doctors proven rapid test technology for chronic and acute conditions that allow them to give patients a more convenient way to monitor their health wherever they are, its website reports. In order to continue Redbird’s vision of making modern healthcare more efficient, the startup has just announced a raise of a $1.5 million seed investment that will ultimately help scale the company. Participating investors in the round include Johnson & Johnson Foundation, Newton Partners (via the Imperial Venture Fund), and Founders Factory Africa, according to...

Mar 23, 2021