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Oze Secures New Funding to Expand Lending Management Solution Across Africa
The undisclosed round will support the company’s efforts to scale its Lending Management System (LMS), a solution designed to help financial institutions provide unsecured digital loans to small businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- corporations, digital finance, fintech, lending, microfinance, MSMEs, scale
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Press Release: Triple Jump Receives EIB Financial Inclusion Grant to Support Oxfam Novib Investees’ Climate Resilience in Sub-Saharan Africa
Triple Jump and ONF will support up to six microfinance institutions (MFIs) with the fund they from Financial Inclusion Fund (FIF).
- Categories
- Finance
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Nigeria-Born Banking Startups Target Emerging Market Gig Workers
The startups are not banks in themselves, but partnerships with lenders licensed by central banks make them de facto digital banks.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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M-PESA Safaricom, Dashen Bank & CashGo Partner to Enhance Remittances in Ethiopia
M-PESA, Dashen Bank, and CashGo launch a seamless international remittance service, enabling Ethiopians to receive money instantly into mobile wallets.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Safaricom Ethiopia’s M-PESA Revenue Dips Despite 245% Jump in Registrations
Safaricom launched M-PESA in Ethiopia in August 2023 with Kenya extending its M-PESA Global service to the country to facilitate cross-border money transfers.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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USAID Watchdog Warns of Lack of Oversight of $8.2 Billion in Unspent Aid After Trump Moves
USAID has lost almost all ability to track $8.2 billion in unspent humanitarian aid over the Trump administration’s foreign funding freeze and idling of staff, a government watchdog warned Monday.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Investing, Social Enterprise, Technology, Telecommunications, WASH
- Region
- Global
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IDB Invest and BBVA Peru Announce the First International Private Issue of a Social Bond to Support Women Entrepreneurs
The deal seeks to expand financing for women-owned micro and small enterprises in Peru.
- Categories
- Finance
- Region
- Latin America
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OPEC Fund Arranges $50 Million Syndicated Loan Facility to Promote Access to Finance for SMEs in Paraguay
The funding will support Banco Continental’s efforts to expand lending to small and medium-sized enterprises (SMEs) and to support the agricultural sector.
- Categories
- Agriculture, Finance
- Region
- Latin America