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Tappi Secures $1.5 Million Pre-Seed Round to Build Online Trust for Africa’s SMEs
The Oversubscribed Funds will Accelerate Trust in Digital Commerce Ecosystem, as tappi Achieves 19% MoM Growth with $3M in Verified Consumer Transactions.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital inclusion, e-commerce, MSMEs
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OPEC Fund’s 50 Million Loan Bolsters SMEs and Promotes Green Energy in West Africa
The loan intends to bolster the development of small and medium-sized enterprises (SMEs) and advance green energy initiatives in West Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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PUE at the BoP: Three Approaches To Making Productive Uses Of Energy Accessible To All
Productive Use of Energy (PUE) technologies, such as solar water pumps, refrigeration and sewing machines, are crucial for helping smallholder farmers and other microentrepreneurs generate incomes. But as Christopher Emmott at Acumen explains, the high up-front costs of PUE appliances prevent many people at the Base of the Pyramid (BoP) from purchasing them. He shares some innovative approaches and business models that can enable vulnerable communities to access these life-changing technologies.
- Categories
- Agriculture, Energy, Social Enterprise, Technology
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Empowering Emerging Fund Managers in Underserved Markets: The Role of Development Finance Technical Assistance
Emerging fund managers and other capital allocators play a vital role in addressing the "missing middle" financing gap in underserved markets. But as Robert Haynie and Justin van Rhyn point out, the demand for this funding vastly outweighs the current supply. In this article — the first in a two-part series exploring the uses of technical assistance (TA) in development finance — they explore how development finance institutions can leverage TA to meet the earlier-stage financing needs of missing middle businesses and improve the pipeline for later-stage investors.
- Categories
- Investing
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Press Release: FINCA Impact Finance Appoints Jeff Flowers as New CEO
FINCA Impact Finance (FIF) today announced the appointment of Jeff Flowers as its next Chief Executive Officer, effective January 1, 2024.
- Categories
- Finance
- Region
- Global
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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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Press Release: New Report Shows Global Exports from African Businesses Increase by 50%, Spearheaded by Women
Global African Commerce is a quantitative resource for the African e-commerce landscape, shedding light on the unique barriers and opportunities faced by entrepreneurs on the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Worldfirst to Expand Digital E-Commerce Solutions for Southeast Asian SMEs
WorldFirst’s innovative product, facilitated through the World Account, caters to SMEs across Vietnam, Thailand, the Philippines, and Malaysia.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, e-commerce, fintech, MSMEs
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