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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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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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Access Bank, AfriGOpay Partner To Boost Payment Ecosystem
Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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