All News and Announcements
Exness Expands Its Fintech Scholarships Program to Kenya
Multi-asset broker Exness announces extending its Fintech Scholarships program to Kenya in partnership with the United States International University aiming to support outstanding university students.
Faulu Bank Announces KSH 1.5B Credit Line for Farmers
Faulu Microfinance Bank has committed KSH 1.5 billion (≈ $11.424.219,30) to enable farmers in 47 counties in Kenya to purchase farm and animal inputs.
DTB and Mastercard Join Forces to Empower Fintechs with Payment Cards in Kenya
Diamond Trust Bank and Mastercard have forged a partnership that lets the bank offer payment cards to tech-enabled companies, including fintechs in Kenya.
Kenyan Fintech Kwara Raises $3 Million in Seed Extension
The $3 million seed extension round was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that the fintech has now raised via this funding round.
Uzbek Fintech Development Supported Through $20M Line of Finance Agreement
The Line of Finance aims to promote Islamic finance, improve financial inclusion, and support private sector development in Uzbekistan.
Symbiotics Launches $10 million Social Bond With Hamkorbank From Uzbekistan
The proceeds of this Social Bond are to be allocated towards both micro loans up to $10,000 to microenterprises and SME loans up to $1 million to small and medium enterprises.
IFC, BOA Kenya Partner to Expand Lending to Small Businesses in Kenya
Through the partnership, IFC will enter a risk-sharing facility with BOA Kenya that will help the bank scale up lending to small and medium-sized enterprises.
Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.
Kenya: Central Bank Releases Over KSH55B (~ $500M) to Rescue Struggling Local Lenders
The disclosures, contained in CBK's latest annual report, shed light on the behind-the-scenes operations to rescue struggling lenders from sinking.
IFC and FMO Partner With I&M Bank Ltd. to Support Small and Medium-Sized Businesses in Kenya
The loan will help smaller businesses across a range of sectors in Kenya access financing for working capital, expansion, and to weather the effects of COVID-19.