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International Finance Corporation , Absa Partner To Boost Trade Finance in Sub-Saharan Africa
The International Finance Corporation (IFC) has welcomed South African financial services provider Absa Bank to its Global Trade Liquidity Program (GTLP) to boost access to trade finance in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Malawi $1 Billion Energy Deal To Boost Economy
Malawi is open for business: The East African country is pursuing various investment and trade deals to help boost their economy and in line with this have signed a $1 billion deal with Egyptian multinational electrical company, Elsewedy Electric.
- Region
- Sub-Saharan Africa
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Aplazo Takes in $27 Million To Increase Adoption of ‘Buy Now, Pay Later’ in Mexico
Four months after securing a $5.25 million seed round, Mexican buy now, pay later startup Aplazo is back with an even bigger round to expand adoption of the payment plan approach across that country.
- Categories
- Finance, Technology
- Region
- Latin America
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Credlix Acquires Nuphi, Grows Supply Chain Financing Business to $100 Million
NuPhi is a Singapore based fintech company offering invoice factoring solutions to MSME exporters in India and SouthEast Asia.
- Categories
- Finance, Technology
- Region
- Global
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Analysis: Africa’s Agripreneurs Pay a High Price for Start Up Finance — Global Issues
Africa has pinned its hopes on agriculture for the creation of jobs and the resulting reduction of poverty. But its role is being stymied by the high cost of financing.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Report: Fintech Funding in Southeast Asia Triples to Record $3.5 Billion This Year
Financial technology funding in Southeast Asia jumped more than three times in the first nine months of this year compared with full-year 2020, reaching a record $3.5 billion, a report showed.
- Categories
- Finance, Technology
- Region
- South Asia
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Local Context Matters: Why Localization is Key to Accelerating Financial Inclusion in Africa
Mobile technology has proven to be an effective tool for broadening financial inclusion in Africa. But as Kenny Orisanaiye at HollaTags Limited points out, the continent’s cultural diversity complicates these efforts, as Africa has several thousand ethnic groups and over 2,000 distinct languages. He explores how financial service providers can design innovative solutions to this challenge by embracing localization and adapting their products and user engagement content to serve the specific cultural requirements of the African market.
- Categories
- Finance, Technology
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Fidelity, Visa and Kingsway Back South African Fintech Jumo in $120 Million Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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