Nine innovative African startups across various sectors have made it to the prestigious 2024 Impact/100 list, showcasing Africa’s potential to tackle global issues.
The Norrsken Foundation, lead publisher and advocate for startups, created the Impact/100 as a compilation of the most promising impact startups globally, presenting “100 ways to fix the future.” These startups were chosen from a pool of over 1,200 competitors.
Filip Lovstrom, CEO of Roam, a Kenyan electric vehicle manufacturer, expressed his delight at the company’s inclusion in the list, calling it “fuel for our mission to change how Africa moves.”
“We’re committed to pushing boundaries, by making electric mobility a reality, and transforming everyday journeys into a statement for sustainability,” he added.
Roam was acknowledged for addressing global challenges by providing clean, affordable transportation across Africa and promoting the UN Sustainable Development Goals (SDGs).
Other African startups included in the 2024 Impact/100 list are:
Shara— FinTech Shara is based in Kenya and focuses on unlocking financial access for Africa’s unbanked population. On its website, Shara describes itself as a company that uses cutting-edge technology to provide seamless financial solutions that enable individuals and small businesses to thrive by overcoming barriers to financial services.
Rology— HealthTech Headquartered in Egypt, Rology leverages artificial intelligence and remote technology to provide accurate medical diagnostics. The company addresses the shortage of radiologists in emerging markets by connecting hospitals and doctors to remote radiology experts, enhancing healthcare outcomes.
Credrails— FinTech Credrails, a Kenya-based FinTech company, powers Africa’s digital economy by providing businesses and consumers with easy access to financial data. Their open financial platform bridges the gap between financial institutions, helping businesses make informed decisions and fostering financial inclusion across the continent.
Kapu— FoodTech Based in Kenya, Kapu is revolutionising the food industry by making essential food items more affordable for low-income communities. Through innovative technology and supply chain optimisation, Kapu aims to reduce the cost of food in Africa, ensuring better access to nutrition for all.
Bamboo— FinTech Bamboo is a Nigeria-based FinTech startup that enables Africans to invest in US stocks, making Wall Street accessible to the continent. The platform allows users to easily invest globally, democratising access to international financial markets for African consumers.
Autochek— FinTech Autochek, based in Nigeria, simplifies vehicle ownership by providing a digital platform for car sales, financing, and maintenance. Recently expanding into electric cars, Autochek is making it easier for Africans to own, finance, and maintain both traditional and electric vehicles.
Orca Fraud— FinTech Orca Fraud is a South Africa-based company that uses artificial intelligence to detect and prevent fraud before it occurs. Its advanced AI tools monitor and identify potential threats, protecting businesses and consumers from financial fraud in real-time.
African Management Institute (AMI) (Kenya)— Education Based in Kenya, the African Management Institute (AMI) provides practical, hands-on training for African businesses and entrepreneurs, according to its website. Through innovative learning platforms and tailored programs, AMI empowers leaders and managers across the continent to build sustainable and successful businesses, helping drive Africa’s economic growth.
As part of the recognition, the logos of the 100 startups will be displayed on NASDAQ’s iconic Times Square sign in New York, USA.
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