All News and Announcements
Ghana’s Fido Raises $30M Series A to Broaden Financial Inclusion in Africa
The fintech has now raised $38 million to date and intends to use the fresh capital to launch new financial products in Ghana, expand its customer base throughout the continent.
Symbiotics Launched Two Green Bonds of $17 Million in Africa With Sun King
The green projects that will be financed belong to the renewable energy category, in particular solar kits.
British International Investment and Symbiotics Partner to Launch First-ever Green Basket Bond Across Africa, South and Southeast Asia
The green lending program will direct much-needed financing to small-scale green projects across Africa, South and Southeast Asia through local MSME banks.
European Financing Fund for Africa Launched With First Closing of $24.1M
The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.
AFC Offers Its E-Learning Course on Climate Finance, Resilience and Financing for Biodiversity Impact in East Africa
Through this course, bank staff learn about climate risks and opportunities, methods to assess climate risk and offer biodiversity or nature-based adaptation and mitigation solutions to climate proof their clients and reduce the bank’s exposure to climate risk.
ADA to Promote Financial Inclusion in Niger via Improved Product Design, Supervision, Funding Framework
The initiative is part of a larger LuxDev effort in Niger that has a total budget of EUR 145 million (USD 156 million).
Nigeria: Firms Announce $3M Partnership to Drive Financial Inclusion Among Independent Commercial Drivers
Through this partnership, more than 5,000 MAX drivers will also gain access to digital financial services offered by VFD Microfinance bank.
Wave Mobile Money Becomes the First Fintech Operating in Multiple WAEMU Countries to Get an E-money License
The new E-money license allows Wave to directly offer its current suite of financial products to customers.
Catalyst Fund to Incubate Six "Inclusive" Fintechs Serving Africa, Latin America
Catalyst will provide each firm with an investment as large as GBP 80,000 ($105,000) and arrange non-financial support from the staff of BFA and various partner investment and consulting firms.
The Food and Agriculture Organization of the United Nations (FAO) Works to Enable Sustainable Private Investment in Agri-Food Systems and Specific Value Chains
The Food and Agriculture Organization of the United Nations deepened its work for attracting and de-risking private-sector investments in agri-food systems, targeting public and private agricultural value chains actors as well as private investors, and piloting its interventions in six African countries.