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Nigeria’s Paystack Moves Into Lending as It Acquires Ladder Microfinance Bank
Despite the number of players in Nigeria’s lending market, there’s still a substantial credit gap for small businesses estimated at around ₦13 trillion in unmet financing.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Alta Semper Secures USD $57.5 Million from EIB Group and IFC for Growth Fund II to Expand Healthcare Access Across Africa
Alta Semper Growth Fund II focuses on scaling market-leading healthcare and consumer businesses that improve access to affordable, high-quality products and services across Africa and other select growth markets.
- Categories
- Finance, Health Care
- Region
- Sub-Saharan Africa
-
Rising Payment Costs Push Uber to Drop Visa in Kenya
Uber confirmed the decision, which took effect in January, in a statement to TechCabal, pointing to a review of payment methods following a jump in global costs.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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DEG Provides EUR 30 Million Funding to Africa Go Green Fund to Scale Energy Efficiency and Climate-Friendly Solutions Across Africa
AGG targets the scale-up of commercially viable climate solutions that reduce emissions and improve energy efficiency.
- Region
- Sub-Saharan Africa
-
Kenya Licenses 42 New Digital Lenders as It Seeks to Capitalize on Mobile Money
The country has one of the most advanced mobile money ecosystems in emerging markets, providing Kenyans with access to finance that is mobilized for everything from paying medical bills to launching businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, lending
-
Climate Fund Managers Approves $86.2 Million Financing for Water Infrastructure in Limpopo
The financing is aimed at helping to mobilize the capital required to launch construction on stages one and two of the sprawling water project.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa
-
Flutterwave Buys Nigeria’s Mono in $25 Million – $40 Million Deal to Deepen Africa’s Fintech Infrastructure
Flutterwave runs one of the continent’s widest payment networks, supporting local and cross-border transactions across more than 30 African countries, while Mono has built open banking APIs that allow businesses to access bank data, initiate payments, and verify customers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Gates Foundation to End Financial Inclusion Support in 2030
Transition to purely commercial funding for initiatives will not be ‘quick or simple.’
- Categories
- Finance
- Region
- Global
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