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International Finance Corporation , Absa Partner To Boost Trade Finance in Sub-Saharan Africa
The International Finance Corporation (IFC) has welcomed South African financial services provider Absa Bank to its Global Trade Liquidity Program (GTLP) to boost access to trade finance in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa: COVID-19 Aid Falling Short
The Covid-19 pandemic has highlighted the need for African governments to strengthen social protection systems and fulfill people’s rights to social security and an adequate standard of living.
- Categories
- Coronavirus, Impact Assessment
- Region
- Sub-Saharan Africa
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Backed by Greycroft, Klasha Gets $2.4 Million To Improve Cross-border Commerce in Africa
Klasha, a Lagos and San Francisco-based startup, sees a niche in cross-border commerce and provides multiple integrations and APIs to facilitate transactions in that space.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Zimbabwe Cracks Down on Currency Dealers on Social Media and Mobile Money Platforms
With the government cracking down on mobile money, the country’s financial woes may just worsen.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Verto Picks up $10 Million for Cross-Border Payments Play in Emerging Markets
Verto, a global B2B payments platform allows small and medium-sized enterprises to make payments to their suppliers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenya’s Wapi Pay Raises $2.2 Million Pre-Seed for Cross-Border Payments Between Africa and Asia
Wapi Pay will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: US $290 Million in Additional Financing to Support Vulnerable Households and Workers Affected by COVID-19 in Jordan
The World Bank has approved additional financing for the Emergency Cash Transfer COVID-19 Response Project to provide cash support to poor and vulnerable households and workers affected by the economic impact of the COVID-19 pandemic in Jordan.
- Categories
- Coronavirus, Finance
- Region
- North Africa & Near East
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Accel-Backed Mobile Money Platform Nala to Start Offering Remittance Services to East Africa
In Tanzania, mobile money services can be relatively difficult to use due to unstable internet and high service fees.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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