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Foxmont Secures $30 Million First Close for Fund III, Anchored by Dutch DFI
With Fund 3, Foxmont welcomes two new institutional investors with the first close.
- Categories
- Finance
- Region
- South Asia
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Local Banks Back Sun King’s $156 Million Pay-As-You-Go Solar Financing in Kenya
The scale of this raise highlights Sun King’s leadership in off‑grid energy, but it also accentuates a growing divide in the market.
- Region
- Sub-Saharan Africa
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Orange Money and JUMO Partner to Offer Small Loans Across Africa
Orange Money Group and banking-as-a-service financial provider JUMO have partnered to enhance digital financial services across Africa through a new small loan function.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Akurateco and Enza Join Forces to Revolutionize Digital Payments Across Africa
Akurateco and enza join forces to accelerate digital payment innovation and financial inclusion across Africa with cutting-edge white-label technology.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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AfDB’s Sustainable Energy Fund For Africa to Boost Electric Cooking Expansion
This programme makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market.
- Region
- Sub-Saharan Africa
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Digital Finance Fuels Record Savings Growth in Developing Nations: World Bank
In 2024, formal saving in developing economies hit a decade high, driven by mobile and digital finance, with 40 percent using financial institutions.
- Categories
- Finance, Technology
- Region
- Global
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M-Kopa Lawsuit Alleges Racial Disparity in Employee Equity, Firm Says Claim Is Baseless
". . . if the case proceeds, it could set a precedent for how employee equity is handled and how local courts view the responsibilities of global investors and holding companies operating in the Kenyan market."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Transforming How Financial Service Providers and Fintechs Leverage Data: A New Free Tool Aims to Separate the Signal from the Noise
In today’s digital finance landscape, data is one of the most valuable assets. Yet as Sarah Corley at AllianceDFA and Mallory Sheff at DataKind explain, data remains siloed, fragmented and underutilized across the sector — and this challenge is particularly acute in emerging markets. They argue that this isn’t just a missed opportunity, but a structural barrier to inclusion and innovation, and share a free, open-access learning platform designed to help fintechs and other financial service providers turn data into action to fuel customer growth and retention.
- Categories
- Finance, Technology
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