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HR Startup WorkPay Secures $5 Million Series A Funding to Scale Across Africa
The HR startup provides a comprehensive cloud-based solution for managing human resources and payroll, targeting small and medium-sized businesses (SMBs) in Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- business development, innovation, MSMEs, scale, startups
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Accelerating the Adoption of Inclusive Business Models in Multinational Corporations: Challenges, Solutions and Success Stories
Over two decades ago, C.K. Prahalad and Stuart L. Hart challenged the private sector to tap into “the fortune at the bottom of the pyramid” by developing business models that serve people living in poverty. As Annabel Beales at Business Fights Poverty explains, this vision has gained traction under the mantle of inclusive business — yet adoption of these business models remains low among large corporations. She explores why accelerating this adoption is crucial to eliminating poverty and addressing the other SDGs, and shares three key lessons that show how inclusive business can be operationalized by large corporations.
- Categories
- Investing, Social Enterprise
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Food Processor Gaea Foods Becomes First Beneficiary of €20 Million Pepea Fund
70% of its current 20-strong workforce are women, and the company intends to double its workforce in the coming year.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Agrizy Raises USD $9.8 Million Series a From Accion & Omnivore
Agrizy is India’s fastest-growing B2B agri-processing platform, driving supply chain efficiency and SME profitability.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- business development, MSMEs, scale
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Press Release: DFC Announces $42 Million Guaranty to the Dominican Republic’s Banreservas, Plans to Open New Regional Office in Santo Domingo in October
The new loan portfolio guaranty to the Dominican Republic’s largest bank will increase small business lending with a particular focus on underrepresented entrepreneurs.
- Categories
- Finance
- Region
- Latin America
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Nigeria’s Economic Crisis Is Fueling a Stunt Philanthropy Boom
Several Nigerian content creators are mimicking American superstar YouTuber MrBeast by publishing charitable deeds as content online.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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African Development Bank Group Approves $500 Million Loan to Boost Electricity Access in Nigeria
The loan will help close the financing gap of the Federal Budget in the 2024/25 fiscal year.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Profit with Purpose: How Women-Inclusive Business Practices Drive SME Success
Small- and medium-sized enterprises (SMEs) presents a significant untapped opportunity to advance gender equality in low- and middle-income countries.
- Categories
- Investing
- Region
- Global
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