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$1.57 Billion Loan From World Bank Approved for Nigeria
The bank said the money would help increase availability and effectiveness of financing for basic education and primary healthcare service delivery.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
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African Countries Eye World’s First Joint ‘Debt-For-Nature’ Swap
Kenya, Tanzania and Mozambique have all lost significant portions of mangrove shoreline, coral reefs and fish stock since the 1980s, threatening loss of livelihoods, food security and income from tourism.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- impact bonds, lending, tourism
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International Investors Raise $34.5 Million for Digital Finance Firm Serving Indian MSMEs
FlexiLoans seeks to improve access to financial resources for millions of micro and small-scale entrepreneurs who are excluded from traditional lending, because they lack a conventional credit history.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Senegalese Fintech Startup Rubyx Secures $440,000 Loan From Proparco
Rubyx has developed a cloud-native, API-driven digital lending platform that enables service providers to rapidly launch innovative loan products and meet the evolved expectations of borrowers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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China Targets ‘Green Infrastructure’ Deals in $50 Billion Pledge to Africa
The FOCAC summit has seen Beijing unveil a series of major partnerships with African countries in areas including supply chains for key minerals required to develop green technologies including electric vehicles.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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