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Kuda Raises $25 Million More Led by Valar to Become the Neobank for ‘Every African on the Planet’
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Coronavirus: G7 Backs International Monetary Fund’s Aid Hike for Low-Income Nations
Finance ministers from the US, Germany, Britain, Canada, France, Italy and Japan have thrown their weight behind plans to boost aid to developing nations by hundreds of billions of dollars.
- Categories
- Coronavirus, Finance
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Boosting Financial Inclusion With Airtel Mobile Money
The recent investment of $200 million in Airtel Africa’s mobile money business by The Rise Fund will further enhance financial inclusion in Nigeria, since the country is one of the 14 African countries, where Airtel Africa currently operates, writes Emma Okonji.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Nomanini Raises $1.5m Funding Round
South African fintech startup Nomanini has raised a new round of funding worth US$1.5 million from new and existing investors to grow its team, invest in product development and scale its offering.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Largest Independent Payment Provider Adumo Raises $15 Million From IFC
Adumo, South Africa’s largest independent payment provider has raised US$15 million in preferred shares from IFC to fund the growth of the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rise Fund to Invest $200 Million in Airtel Africa Mobile Money Business
The Transaction is the latest step in the Group's pursuit of strategic asset monetization and investment opportunities, and it is the aim of Airtel Africa to explore the potential listing of the mobile money business within four years.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa
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Winning the Low-Income Market: Assessing the State of Product Development in the Nigerian Financial Service Industry
Nigeria's financial inclusion goals have gone unmet, and the COVID-19 pandemic has slowed progress even further. Olayinka David-West and Ibukun Taiwo of the Sustainable and Inclusive Digital Financial Services initiative of the Lagos Business School share the results of their 2020 study on the state of the Nigerian market, exploring the product development practices of the country's financial service providers – and how they could be improved.
- Categories
- Finance
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ADF Supports Digital Financial Inclusion for African Women With $6.95 Million
The Africa Digital Financial Inclusion Facility (ADFI), supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB) has committed to financing digital financial inclusion in Africa with six grants totalling $ 6.95 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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