African Web video service Iroko raises more funds, targets cable TV

July 16, 2012

A store in Nairobi, Kenya selling Nollywood movies (Photo: Reuters)

Iroko Partners, an online distributor of African movies and music, has raised another $2 million in its latest round of funding from a Swedish venture capital group as it seeks to take the service to cable and satellite TV partners in the U.S. and Europe.
The Lagos, Nigeria-based company raised the funds from Sweden’s Kinnevik, an early investor in Groupon Inc. Iroko previously raised $8 million from U.S.-based hedge fund Tiger Global in April as investors in emerging markets seek to tap into one of the fastest growing movie businesses in the world.

Empowering the poor to be breadwinners

October 25, 2010

Samasource, a non-profit that connects people living in poverty to work via the Internet provides a different kind of economic aid. The founder of the organization, Leila Janah, who is also 2010 PopTech social innovation fellow, says that instead of just giving money and help to the poor, Samasource empowers them to be producers so that they are not forced to simply be receivers and consumers.

A new technology to monitor water

October 21, 2010

A new technology is being unveiled today that monitors water quality. FLOW, as it is known, is the brainchild of Ned Breslin, the CEO of Water For People, a non-profit dedicated to improving the quality of water and sanitation in Africa, Asia, and Latin America.

The future of microfinance?

October 19, 2010

The way Ben Lyon sees it, the finance world is in the middle of a revolution, and the simple text message is at the heart of it.

from Commentaries:

Bracing for bar brawl in mobile phone emerging markets

August 17, 2009

The last thing that the complex negotiations between India's Bharti and South Africa's MTN Group to create the world's third largest mobile phone company needed is more complexity. The existing deal involving an intricate mix of cash and stock is further complicated by currency fluctuations and diverging growth rates between the maturing Indian market and the wide-open African one.

Phones to make the poor upwardly mobile

By Reuters Staff
May 7, 2008

The “Business Call to Action,” hosted by the British prime minister, drew some 80 CEOs of the world’s biggest companies including Microsoft, Coca-Cola and Vodafone as well as top politicians to discuss how big business can stamp out global poverty.