I found this Hartford Courant article on slashdot.
Martin Benjamin heads up an eleven year old project to create an online Swahili dictionary called the Kamusi Project. Despite 80 million speakers, the current Swahili dictionary is over 30 years old. Setting this project apart from other online dictionaries, these entries are created by, not only academics, but also by volunteers ranging from former Peace Corp workers to African linguistic hobbyists. The site also includes a discussion board for the community of users and developers.
It is also important to mention that, like wikipedia, donations and volunteers support this collaborative project. Unlike wikipedia, it does not have the broad audience and publicity that wikipedia enjoys, which makes funding a continual issue.