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$100 Billion for Progress: Inside IDA’s Largest Replenishment Yet
Now an IDA donor, South Korea increased their contribution to IDA21 by 45% from the last funding cycle.
- Categories
- Environment, Finance
- Region
- Global
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Billboxx Raises USD 1.6 Million to Streamline African Business Payments
Billboxx aims to address inefficiencies in SME payment workflows across Africa and MENA.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microsoft Launches AI Initiative to Empower African Startups
More than 2,400 AI startups in Africa are transforming industries and creating new job opportunities at a rapid pace.
- Categories
- Agriculture, Finance, Health Care, Technology
- Region
- Sub-Saharan Africa
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HSBC, World Bank’s IFC Launch $1 Billion Trade Finance Programme for Emerging Markets
Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5tn, according to a report from the Asian Development Bank.
- Categories
- Finance
- Region
- Global
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BPR Bank, Denmark Launch $5.6 Million Credit Guarantee to Support MSMEs
This innovative scheme, the first of its kind by IFU in Africa, targets critical sectors.
- Categories
- Agriculture, Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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Africa: M-Pesa Expands Payment Services to China Through Strategic Partnership with Thunes
Expected to launch in the coming months, this innovation addresses the challenges faced by travelers navigating China’s cashless economy.
- Categories
- Finance, Technology
- Region
- Global
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CreditAccess Grameen Raises 25 Million Euros From German Investment Corporation DEG
Blended finance tools like co-financing bring together development finance and private sector investments, helping to mobilise funds for sustainable development.
- Categories
- Finance
- Region
- Asia Pacific
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KPay Secures $55 Million in Series A Raise to Boost SME Support in Asia
The new funds will be strategically utilized to further penetrate KPay’s existing markets, particularly targeting SME merchants.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- fintech, innovation, MSMEs
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