All News and Announcements
ShEquity Invests in Woman-owned Financial Inclusion Startup Owoafara
The addition of Owoafara illustrates ShEquity’s unrelenting commitment to providing smart investments for African female entrepreneurs and innovators.
Goodwell Investments Launches $154 M uMunthu II Fund
The $154 million will finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for unserved and underserved consumers in Africa.
LAPO MfB Wins Microfinance Bank of The Year Award
A release by the Head of Communications & Branding at LAPO indicates that “LAPO MfB has won this award category for the ninth consecutive times."
IFC, CRDB Bank Partner to Support Smaller Businesses, Job Creation in Burundi
Under the partnership, IFC has loaned $5 million to CRDB Bank Burundi S.A. for on-lending to smaller businesses, many of which struggle to access financing for growth, especially in the wake of the COVID-19 pandemic.
Nigerian Digital Lender Payhippo Acquires Microfinance Bank
Payhippo says this acquisition will enable them to directly access Nigeria’s Inter-bank Settlement System.
African Guarantee Fund and responsAbility Partner to Boost Agri-SME Financing in Africa
The partnership is dedicated to increasing the financing of small and medium enterprises in the agricultural value chain.
Opportunity International Awarded $2 Million Grant From Visa Foundation to Remove Barriers and Unlock Capital to Women-Led Business
The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.
Quest Digital Finance Connects the Unbanked to Formal Credit Systems
Quest Digital Finance, a Ugandan tech company, is placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.
Angola Central Bank, UNDP Sign Financial Inclusion Memo
The aim of the agreement is to accelerate actions conducted by the country’s central bank toward financial inclusion.
Prophius Partners With Mastercard on Tap on Phone Payments for SMEs in Sub-saharan Africa
The move is expected to boost digital payment acceptance at small and micro enterprises in Nigeria, Ghana, Kenya, Uganda, and other key markets in Sub-Saharan Africa.