-
Traction Raises $6 Million Seed as Nigeria’s Merchant Acquiring Space Continues to Heat Up
The investment was anchored by Pan-African investor Ventures Platform and Multiply Partners, with participation from P1 Ventures and other investors.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, MSMEs
-
IFC Invests $25 Million in Metier in Southern and East Africa
Private equity investment in Africa remains among the lowest in emerging markets, representing just 4% of total volumes.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
African Development Fund Approves US $16 Million for Youth Entrepreneurship Investment Bank in Liberia
The bank anticipates supporting over 30,000 youth-led businesses over the next 17 years.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
Report: 78% Of India’s Handmade MSMEs Struggle to Access Working Capital, Hindering Cultural Economy Growth
Fifty-five per cent of handmade and craft-based MSMEs do not have clarity on the various financial instruments available in the market and how to access them.
- Categories
- Finance, Technology
- Region
- Asia Pacific
-
Press Release: GIZ and Seedstars Launch Joint Initiative to Boost Financial Inclusion and Innovation in Palestine
Although 60% of adults possess bank accounts in Palestine, a mere 10% utilize credit products, owing to limited financial literacy and inadequate financial offerings.
- Categories
- Finance
- Region
- North Africa & Near East
-
The Sleeping Giants of the Green Economy: New Research in India and Kenya Shows How Small Businesses Can Lead the Way in Addressing Climate Change
Given the scope of the climate crisis, and the extent to which the private sector is contributing to it, it's clear that businesses must play a central role in the global response. Abigayle Davidson at ANDE and Patrick Obonyo at IKEA Foundation argue that small and growing businesses (SGBs) are critical yet underutilized drivers of innovative solutions to the world’s growing climate-related challenges. They share new research from ANDE that explores SGBs’ role in advancing the green economy in India and Kenya.
- Categories
- Environment, Investing
-
Jüsto Creates an Accelerator for SMEs Aiming to Become the Largest in Latin America
Jüsto Accelerator is born at a time when it is projected that grocery delivery in Mexico will reach revenues of US$4.7 billion in 2023.
- Categories
- Technology
- Region
- Latin America
-
Uganda to Impose 5% Tax on Non-Resident Digital Companies
The Ugandan government wants to impose a 5% tax on non-resident digital companies, including Meta, Facebook, Netflix and Google.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- MSMEs
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.