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IFC, BOAD and BII Invest in West Africa’s First Multi-Country Securitization to Boost MSME Financing
Proceeds from the XOF52 billion ($90.4 million) bond will help NSIA Banque Benin expand its MSME loan portfolio across Benin, Senegal, and Togo.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Ecobank Group and Google Cloud Announce Partnership to Accelerate Financial Inclusion and Innovation Across Africa
Google Cloud technologies aims to strengthen Ecobank’s platform for enhanced digital banking, small and medium-sized enterprise (SME) support, and economic development on the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Goodwell and Alitheia invest in Hinckley E-Waste Recycling Ltd.
Goodwell and Alitheia invested in Hinckley through uMunthu II, a fund providing smart equity to early growth stage companies throughout Africa.
- Region
- Sub-Saharan Africa
- Tags
- impact investing, recycling, waste
-
Wave Raises $137 Million in Debt to Expand Mobile Money Services Across Africa
Wave's mobile-first approach, centred on low fees, has helped bring millions of previously unbanked individuals into the formal financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Adidas Expansion Bets on Nigeria’s Affluent Class
The arrival of the new Adidas store is emblematic of the potential foreign firms see in affluent Nigerians.
- Region
- Sub-Saharan Africa
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FMO Funds Ugandan E-motorbike Company
FMO has disclosed an approved loan of up to $1 million to Zembo Motorcycles.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
-
Paymenow Bags $22.4 Million to Expand On-Demand Salary Services Across Africa
The funding, structured under a sustainable finance format, is one of the largest institutional bets to date on the earned wages access (EWA) model in the region.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, lending, scale, startups
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The Startups Helping African Countries Capture the Value of Their Mineral Exports
These companies are offering audit trails and compliance platforms, local reagent plants, and data-backed logistics services.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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