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South Africa Fintech Clickatell Wins $91 Million in its Latest Round of Funding
Clickatell, a Cape Town-founded and California-based fintech firm, CPaaS innovator and creator of the Chat Commerce platform announced it has secured $91-million in its latest Series C round of funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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AgDevCo Secures $90 Million of DFI Funding to Further Invest in African Agribusinesses to Deliver Jobs, Incomes, and Food
AgDevCo announced a $90m package of new funding from the CDC Group, Norfund and DFC which will allow AgDevCo to continue to grow its investment activities in agriculture across Sub-Saharan Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- gender equality
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Women, Green SMEs to Reap Big From Absa’s KSE 1.25 Billion Loan Facility in Kenya
Absa Bank Kenya Plc Monday signed an Sh1.25 billion Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) to boost credit accessibility for local small businesses, including startups.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: A Swedish Nonprofit Is Creating the Largest Startup Hub in East Africa
In one of its newest enterprises, the nonprofit is building the largest startup hub in east Africa, in Rwanda’s capital, Kigali.
- Categories
- Environment, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
- Tags
- impact investing, startups
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Earnipay Secures $4 Million Seed Funding to Provide On-Demand Salary to Employees in Africa
Founded by Nonso Onwuzulike to improve the financial well-being of employees, Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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CDC Group Is Partnering with FirstBank to Support Women and Small Business Owners with a $100 Million Credit Facility
We announced today a US$100 million finance facility to First Bank of Nigeria Limited (FirstBank). This new facility will direct funding to women-owned and led businesses as well as to local small and medium-sized enterprises (SMEs) in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Tanzania, Uganda, and South Africa Are the Top African Markets for Remittance Inflows in Kenya
Diaspora remittances decreased by 3.4 percent, as Kenyans working and living abroad sent home $338.7 million (Sh38.3 billion) in January 2022 compared to a monthly record high of $350.6 million (Sh39.6 billion) in December.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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