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Press Release: Afreximbank Disburses $40 Million to Support Fidelity Bank’s Acquisition of Union Bank UK
The acquisition is expected to contribute to Africa’s economic growth and development by increasing intra- and extra-African trade finance and trade flows.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Orca Secures $550,000 in Pre-seed Funding to Combat Financial Fraud in Emerging Markets
Orca is an innovative South African startup dedicated to combating fraud in emerging markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Number of Digital Lenders Approved in Nigeria Reaches 284
The multiplicity of the apps being used by digital lenders is cited as one of the reasons the Commission is finding it difficult to curtail the incidences of harassment and defaming of borrowers by digital lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Analysis: Global South Pays More to Service Its Debt Than It Receives in Development Aid
In 2022, the countries of the Global South paid almost $50 billion more in debt than they received in new financing, according to data from the UN’s trade and development arm.
- Categories
- Finance
- Region
- Global
- Tags
- global development, NGOs
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Press Release: Unveiling a Groundbreaking Initiative to End Financial Abuse: Program SAFE
Grameen Foundation proudly announces the launch of Program SAFE, an innovative initiative dedicated to safeguarding against financial abuse and ensuring individuals achieve financial security and independence.
- Categories
- Finance
- Region
- Global
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AFC to Raise Almost $1 Billion for Africa Infrastructure Plans
Africa Finance Corp. is looking to raise almost $1 billion in the first half of 2024 to support industries and resilience against climate change as it readies for the next growth phase across the continent.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa