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Fintech Startup M-Kopa Expands West Africa’s Operations, Unlocks $10 Million in Digital Credit
The leading fintech platform expands its operations to Ghana, rapidly growing its reach on the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital inclusion, fintech, lending, scale, startups
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COP 28: African Development Bank’s $1 Billion Insurance Facility to Protect Millions of Farmers in Africa
African Development Bank President Dr Akinwumi Adesina said the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) aims to mobilise $1 billion of concessionary financing, high-risk capital and grants to support the African insurance industry.
- Categories
- Agriculture, Environment, Finance
- Region
- Sub-Saharan Africa
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Islamic Development Bank Announces $100 Million Loan to Make Pakistan Polio-Free
The new funding complements previous loans and will be used to secure and deliver millions of polio vaccines needed to protect all children across Pakistan.
- Categories
- Health Care, Investing
- Region
- North Africa & Near East
- Tags
- lending, public health, SDGs, vaccines
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Uganda to Borrow $150 Million from China’s Exim After World Bank Halts Funding
Uganda is preparing to borrow $150 million from China's Export Import Bank (Exim) to help expand its internet infrastructure, the finance ministry on Monday.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- human rights, lending
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Nigeria’s Largest Lender Wants to Expand to Asia
Opening a subsidiary in Asia could enable the bank to serve customers in the region that is the largest non-African trading partner.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Home Insurance in Developing Countries Is Hard to Come By. That’s Changing.
Most homeowners in the developing world can’t buy natural-catastrophe insurance—“natcat” in industry lingo—at any price, even as climate change makes calamities more frequent and severe.
- Categories
- Environment, Finance
- Region
- Global
- Tags
- climate change, lending
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The Rise of Embedded Finance in Africa: Three Fintech Innovators Highlight its Potential to Boost Financial Inclusion and Business Growth on the Continent
In Egypt and other African countries, recent years have seen growing usage of fintech tools to boost financial inclusion. Basil Moftah at Nclude explores the impact of one such tool: embedded finance, in which a financial product is placed within a non-financial product, customer experience or platform. He discusses how the emergence of embedded finance is revolutionizing business operations and providing a catalyst for digitization and growth, across sectors ranging from hospitality to agriculture and pharmaceuticals.
- Categories
- Finance
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InDrive Launches Ventures and M&A Arm to Invest $100 Million in Startups Across Emerging Markets
InDrive will be investing vertically and horizontally from the ride-hail industry, with an eye toward either acquiring or using the services of those companies.
- Categories
- Investing, Transportation
- Region
- Global