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Sao Tome and Principe: African Development Bank Signs $3.2 Million Loan Agreement for Upgrade of National Switch Payment System
Automated Clearing House functionalities will strengthen the clearing and settlement of payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Avanti Finance Secures $24 Million Equity Funding From Rabo Partnerships, IDH Farmfit Fund
The funds will provide support for the company to provide affordable and localised credit products for smallholder farmers in India.
- Categories
- Agriculture, Finance, Investing, Technology
- Region
- Asia Pacific
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Can Pay-As-You-Go Help Clean Up Clean Cooking?
Since 2015, the global focus on clean cooking has grown substantially, bringing more funding, research and attention from policymakers to the sector. But according to Tash Perros at the University of Liverpool, Iwona Bisaga at Loughborough University and Julia Tomei at the UCL Institute for Sustainable Resources, progress remains slow, especially in sub-Saharan Africa. They examine some of the reasons behind the inertia that is plaguing clean cooking access, and explore whether pay-as-you-go business models could catalyze progress.
- Categories
- Energy, Environment, Technology
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Parallex Bank Secures $10 Million Trade Finance Facility From Africa Export Import Bank
This finance is part of Afreximbank’s commitment to supporting the growth and development of financial institutions in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Microsoft Begins Wave of African Layoffs in Kenya
While the layoffs have mostly been concentrated in Seattle, Washington, where Microsoft’s operations are based, other countries have not been spared—Kenya being the first in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indonesian EV Battery Startup Swap Energy Raises $7.2 Million
Indonesia-based Swap Energy has raised about $7.2 million in a pre-Series A funding.
- Categories
- Energy, Technology, Transportation
- Region
- South Asia
- Tags
- e-mobility, mining, startups, transportation
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Seven Kenyan Agricultural Companies Receive Over $5 Million From US Agencies to Improve the Sector
Seven growing agricultural companies in Kenya have received a grant of $5.1 million to improve the country’s food insecurity challenges.
- Categories
- Agriculture, Finance, Technology
- Region
- Sub-Saharan Africa
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Verod-Kepple Africa Ventures Raises $43 Million for Pan-African Venture Fund
Verod-Kepple Africa Ventures (VKAV) has raised US$43 million for its pan-African venture fund.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- scale, startups, venture capital
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