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ADB Approves $30 Million Loan for GCash’s Fuse Financing to Boost MSME Lending
According to the ADB, Fuse’s new project aims to reduce poverty and promote social inclusion by expanding MSMEs’ access to financing, particularly in underserved and marginalized areas.
- Region
- Asia Pacific
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African Fintech Driving Financial Inclusion Closes Funding Round With Over $200 Million
Moniepoint, which focuses on driving financial inclusion for MSMEs and individuals, received an additional $90m backing, after initially raising $110m in October 2024, including from several impact investors.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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DHL Group Commits More Than €300 Million to Accelerate Trade Growth Across Africa
This investment underscores DHL’s commitment to Sub-Saharan Africa and supports AfCFTA’s goals to boost intra-African trade and strengthen Africa’s position in global markets.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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The Bank of Industry and Bumpa to Empower 200 Youth-led MSMEs
"The collaboration, implemented under the youth and skills thematic area of the bank, aims to address the critical challenge of market access for young entrepreneurs . . . "
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Reimagining the Future of Entrepreneurship Support in East Africa
A new report from WDI, "Reimagining the Future of ESOs in East Africa," integrates insights from accelerators, incubators, investors, ESO donors and intermediaries in the East African entrepreneurship ecosystem.
- Categories
- Education, Energy, Environment, Health Care, Investing, Social Enterprise, Technology, Transportation
- Region
- Global
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CoreNest Launches $25 Million Fund to Support Startups in El Salvador
The initiative, which is a joint effort between the Government of El Salvador and strategic allies of the ecosystem, will support around 300 high potential startups over the next five years in the Central American country.
- Categories
- Investing, Technology
- Region
- Latin America
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Swedfund Boosts Financial Access in Southern Africa With $15 Million Loan to Select Africa
The investment aims to enhance access to credit for low-income individuals who are often excluded from traditional banking systems.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Swedfund Invests $15 Million in Excelsior Capital Vietnam Fund II to Boost SME Growth
The fund said in a statement that Excelsior II provides growth capital to mid-sized companies and will contribute to job creation in sectors like retail, manufacturing, healthcare, education and tech.
- Categories
- Investing
- Region
- South Asia