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World Bank Lines up $300 Million Soft Loan for Kenya Power
The World Bank will provide a $300 million interest-free loan to Kenya Power to help the utility pay debts, revamp its ageing transmission network and expand the national grid.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, renewable energy
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Press Release: Mastercard and Egabi Collaborate to Expand Access to Digital Lending Solutions Across Eastern Europe, Middle East, Africa
Mastercard will activate egabi’s digital-lending capabilities and assets to provide an end-to-end lending proposition to financial institutions and fintech companies.
- Categories
- Finance, Technology
- Region
- Global
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African Development Bank Secures $350 Million Loan Deal from Japan International Cooperation Agency to Boost its Support for Private Sector Operations in Africa
The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japan’s Official Development Assistance to Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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‘We Should Be Worried’: Finance Leaders Warn Rising Interest Rates Are Squeezing Low-Income Countries
Public debt burdens in developing countries have been exacerbated in recent years by back-to-back global crises.
- Categories
- Investing
- Region
- Global
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AMK of Cambodia Borrowing $7.5 Million for Green Microfinance via Bond Issue From British Based BII, and Swiss Based Symbiotics
Cambodia’s AMK Microfinance Institution is to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products.
- Region
- South Asia
- Tags
- e-mobility, impact bonds, lending, microfinance, MSMEs, renewable energy, solar, waste
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Flexiloans Set To Raise $75 Million To Grow SME Loan Book
Flexiloans.com, an online lending platform for SMEs is growing its loan book.
- Categories
- Investing
- Region
- Global
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African Development Bank, European Union, and France Invest $300 Million in Tanzania’s Hydropower Project
Kakono Hydropower Project to serve four million inhabitants and spur economic activity in the Kagera Region of Tanzania.
- Region
- Sub-Saharan Africa
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ZestMoney Set to Lay Off Around 100 Employees After Acquisition Deal With PhonePe Falls Through
According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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