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This African Neobank Just Raised $18.5 Million to Expand Financial Access for SMEs in Kenya, Uganda
4G Capital, a notable African neobank with headquarters in Mauritius, announced today that it has finalised a Series C funding round of $18.5 million.
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Financial Inclusion that Works for Women: The European Microfinance Award 2022
Lending to women clients has been at the center of microfinance since its modern inception. And as Joana Afonso, Gabriela Erice, Sam Mendelson and Daniel Rozas at the European Microfinance Platform point out, there has undoubtedly been progress in promoting women’s financial inclusion. But they argue that a myopic focus on outreach too often undermines the sector's understanding of the specific barriers women face. They discuss how the 2022 European Microfinance Award's focus on “Financial Inclusion that Works for Women" aims to encourage more effective gender strategies.
- Categories
- Finance
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Baobab+ Launches Pay-As-You-Go Solar in Nigeria
Baobab+, the leader in rural electrification in West Africa and Madagascar, has launched its Pay-As-You-Go solar power service in Nigeria.
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy, solar
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Viewpoint: Russia’s Invasion of Ukraine: What Does It Mean for Africa?
The invasion has done profound damage to Russia’s relations with the West, which will be difficult to reverse as long as Putin and like-minded people around him are in power. Africa should brace itself for the challenging years ahead.
- Categories
- Agriculture, Energy, Environment, Finance, Health Care, Investing, Technology
- Region
- Europe & Eurasia
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Visa Partners With Fintech Tribal in Latin America to Expand Small Business Offerings
Visa Inc (V.N), the world's largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for small and medium-sized businesses in Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- blockchain, fintech
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Stax Gets $2.2M for Its App That Lets Africans Make Transactions via Automated USSD Codes
Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Actis Energy 5 secures $1.2 Billion Impact-Linked Financing
Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund, Actis Energy 5.
- Region
- Sub-Saharan Africa
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Deconstructing the Monolith: Why Understanding Women’s Individual Needs is Key to Closing the Gender Gap in Financial Inclusion
How can financial service providers tailor their products to boost women's financial inclusion? Scott Graham and Anahit Tevosyan at FINCA discuss the findings of a survey of 2,800 financial consumers in the DRC, which showed – perhaps counterintuitively – that focusing on gender as the defining characteristic of a female client is exactly the wrong approach. They explore why it's necessary to “deconstruct the monolith” of female clients by digging into sub-segments of the market to understand their specific needs and constraints.
- Categories
- Finance
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