Proparco, a Development Finance Institution partly owned by the French Development Agency (AFD), granted a new portfolio guarantee to BICIS, to offer loans that are 80% guaranteed by AFD Group to Senegalese VSEs and SMEs.
The financing and technical cooperation agreement is the outcome of the Inter-Governmental Negotiations that were concluded last Year between our two respective Governments.
Today, any Kenyan entrepreneur with an Internet connection can promote their business, engage with customers, transact digitally, and leverage connected technologies to improve their operations.
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.
South African businesses operate in a highly legislated landscape. With this comes immense pressure to ensure compliance or face heavy penalties.
5G network is here. This fifth generation of wireless technology promises more than just a faster network. It will help redefine the network, establishing a new global wireless standard for speed, throughput and bandwidth.
The African Development Bank and Equity Group signed a $100 million loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises as it grows.
MTN Nigeria has launched a new unified customer engagement platform, EnGauge, designed to enable small-to-medium enterprise business owners to seamlessly administer transactions with customers, potentially increasing their productivity significantly.
Coud platforms are the future of African SMEs. This Digital transformation is imperative for these SMEs, as it enables them to streamline back-office operations and free up time and resources to focus on their core business.
Esinam Yevu is Co-Founder and Communications Lead at Ghanaian fintech startup, PayBox.
Mastercard Foundation, partners join forces to train young agripreneurs, provide grants to Nigerian MSMEs
The Mastercard Foundation has partnered with Nourishing Africa and U.S. African Development Foundation (USADF) to train 2,0000 young agripreneurs and provide small grants to 125 MSMEs in Nigeria.
The United Nations system in Uganda and Equity Bank Uganda have established new partnerships for acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country.
The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight announced the launch of the TDB Renewable Energy DealRoom, to accelerate the financing of renewable energy projects in the region served by TDB.
Flourish Ventures, a global fintech venture capital firm, has announced a new office based in Nairobi to support fintech startups across Africa.
The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian economy with a $100 million financing package to Banque du Caire for trade financing and on-lending to local micro, small and medium-sized companies (MSMEs).
IFC, The SANAD Fund for MSMEs (SANAD), the Belgian Investment Company for Developing Countries (BIO), and Symbiotics announced a loan to KCB Bank Kenya to help the bank increase lending for climate-friendly projects and to smaller businesses.
In a bid to boost e-commerce among the micro and small enterprises in Africa, Mastercard Foundation in partnership with Catalyst Fund, MEST and BFA Global have created Catalyst Fund Inclusive Digital Commerce program.
The African Guarantee Fund (AGF) and Equity Group signed an agreement which will provide a $75 million guarantee fund to four of Equity’s bank subsidiaries within the Group.
Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment acceptance device with the launch of its Tap-on-phone functionality in October 2020.
The Catalyst Fund Inclusive Digital Commerce Accelerator has today announced the first cohort of digital commerce companies to be scaled, with the goal of improving the livelihoods of informal MSEs in Ghana.
Kenyan based startup Ajua has partnered with MTN Nigeria to launch EnGauge, a digital eCommerce customer engagement management mobile app to support SMEs.
The ECOWAS Bank for Investment and Development (EBID) granted a line of credit of €10 million to Vista Bank Guinea to support the financing and promotion of SMEs and SMIs in the Republic of Guinea.
The AFAWA Guarantee for Growth program targets financial institutions to increase their appetite to lend to women who are known to be better payers
The Executive Council of The Opportunity Exposure (OpEx) Prize “Made for the World”, has announced the launch of The OpEx Prize Competition in Accra, Ghana.
The Common Market for Eastern and Southern Africa (COMESA) has today announced the launch of a regional campaign to popularise a platform for women in business.
The United Nations Development Programmed has launched the Acceleration Laboratory for Cameroon which is aimed at stimulating the economic growth of local innovators and tackle global challenges.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
Faulu Microfinance Bank plans to lend up to Ksh.3 billion to local micro, small and medium enterprises (SMEs) to help them recover and grow following the Covid-19 economic turmoil.
Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say
Digital platforms in Africa should scale up to take advantage of the continent’s surging demand for creative content, said Africa Investment Forum Senior Director Chinelo Anohu.
Two-thirds (67%) of South African small businesses struggle to source the right tech talent, according to research from the global small business platform Xero.
This week, a new report from The African Data Centres Association (ADCA) and Xalam Analytics revealed that Africa needs 1000MW and 700 facilities to meet the growing demand
Kenyan Small and Medium Enterprises (SMEs) will benefit from expansion of a new warehouse at the Kenya Railways Corporation (KRC) Transit shed with an enhanced storage capacity to handle cargo for small traders within Nairobi and its environs.
The Kenya National Innovation Agency (KeNIA) has established a National Innovation Technical Committee that will help build a comprehensive and inclusive framework for nurturing startups.
Kenya Government through the Ministry of Industrialization, Trade and Enterprise Development has partnered with Stanbic Kenya Foundation and Microsoft to impart digital skills to over 50,000 entrepreneurs.
[South Africa] Mastercard Foundation and African Leadership open applications for 2021 Anzisha Prize Fellowship Program
Mastercard Foundation and African Leadership Academy have opened applications for the 2021 Anzisha Prize Fellowship Program. The program is open to young African entrepreneurs between 5 and 22.
As more of Africa’s 526 million Internet users are opting to buy goods at the click of a button, Kenyan e-commerce revenue is projected to hit $1.5 billion in 2021.
REGUS, the flagship brand of the IWG Holding (International Workplace Group) has announced plans to open a new workspace in Togo.
Creating a memorable customer experience is fast becoming a top priority for businesses – and for good reason, says Reynhardt Uys, Chief Experience Officer, Immersion Group.
For many businesses, finding success amid the COVID-19 era has been challenging. The pandemic has brought with it many challenges and the outlook for businesses remains uncertain.
IFC released its new Social Bond Impact Report, showing cumulative volume raised from the program more than doubled in FY2020, bringing the total to over $3 billion since the program's founding.
The U.S. International Development Finance Corporation (DFC), signed a $14.75 million loan portfolio to support lending to small and medium enterprises in West Africa and the Sahel region.
An agreement has just been signed between the French Development Agency (AFD), the European Union (EU) and the General Confederation of Businesses in Ivory Coast (CGECI).
The European Bank for Reconstruction and Development (EBRD) is strengthening access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).
South Africa’s VC firm Knife Capital has announced the launch of its second Section 12J Venture Capital Fund to allow new investors to participate.
TradeMark East Africa (TMEA) and the Government of South Sudan launched a capacity building program that will benefit women entrepreneurs and informal women cross border traders.
The Ford Motor Company Fund is awarding the first grants from the Booth Schoch Future Success Fund to budding entrepreneurs at the Ford Resource and Engagement Centre (FREC) in South Africa.
IFC, a member of the World Bank Group, and insurance company Leadway Vie Côte d'Ivoire announced a partnership to increase access to life insurance for women in Côte d'Ivoire and create jobs for women as insurance brokers in the country.
CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again in African businesses in 2021.
Kenya Power has rolled out a smart metering project that will benefit customers in the Small and Medium Enterprise (SMEs) sector across the country.
The UN approves new strategy to accelerate business action to achieve SDGs, more ambitious climate targets
The UN Secretary-General, António Guterres, Chair of the Board of the UN Global Compact, announced a new three-year strategic plan to increase and accelerate corporate sustainability and principled business.
Mobile retail platform Copia was among the startups from around the world selected to host a Global Entrepreneurship Laboratory (G-Lab) project in collaboration with the MIT Sloan School of Management.
Mastercard, Unilever and KCB Bank have built on their partnership to support micro-merchants in Kenya by expanding their current Jaza Duka program to provide an extensive COVID-19 relief package to retailers.
THE JUA Kickstarter Fund has doubled to $2-million to become the biggest African capital venture fund launched by private individuals.
[Column] Francis Wainaina: Growing Kenyan entrepreneurship – the digital programmes and projects that are shaping the future
With the rise of Kenya’s digitally enabled start-ups, developing local entrepreneurship is pivotal to the success of an inclusive digital transformation journey.
4G Capital, a market leader in technology-driven financial inclusion in Kenya and Uganda has been named among the 150 top impact companies in the world by Real Leaders.
The UK-Nigeria Tech Hub and Nigeria’s engineering training institute Decagon Digital have announced the pilot phase of their Developer Placement Programme.
AfDB, Afreximbank & FCI launch grant to support capacity building of emerging factoring firms in Africa
The Afreximbank together with the African Development Bank (AfDB) and FCI announced the creation of a special purpose Grant authorized and funded by the AfDB’s Trust Fund to support the capacity building of emerging factoring firms in Africa.
[Column] Patrick Ndegwa: Fostering new business models in the digital economy - what role does policy have to play?
The digital economy is changing both our lives and the ways we do business. It's driven by data and information, and we’re starting to see more startups exploit digitally enabled opportunities.
The European Investment Bank (EIB) is providing Banque Misr with a €425 million credit line to support Egyptian private small and medium-sized enterprises.
African payment service provider DPO Group has launched Real-Time Settlements for its SME sole proprietor merchants in Kenya.
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF), is promoting the competitiveness of small businesses and investments in the green economy in Morocco.
FSD Africa Investments (FSDAi), the investment arm of FSD Africa, announced a $4.5 million commitment to Funds set up by Lendable, to boost the capacity of alternative financial service providers in sub-Saharan Africa .
The European Bank for Reconstruction and Development (EBRD) is strengthening small businesses in Tunisia with a €5 million loan to Arab Tunisian Lease to increase access to finance for micro, small and medium-sized enterprises.
The African Development Bank (AfDB) approved financing for $14.96 million project to help women in Sudan access finance and grow their businesses.
2020 IT spending: Cybersecurity remains investment priority despite overall IT budget cuts, Kaspersky report
According to the new Kaspersky report ‘Investment adjustment: Aligning IT budgets with changing security priorities’, cybersecurity remains a priority for investment among businesses.
The International Chamber of Commerce (ICC) and Africa investor are joining forces to launch a digitally empowered eTrade initiative to enable the digitisation of five million micro-, small-, and medium-sized enterprises (SMEs) in Africa.
To support African micro, small and medium-sized enterprises (MSMEs), the AFD Group is scaling up the presidential Choose Africa initiative by mobilizing an additional €1 billion.
IFC announced a loan to I&M Bank Rwanda, to help the bank increase lending to potentially thousands of Small and Medium Sized enterprises in Rwanda, many of which are facing COVID-19-related liquidity challenges.
Afreximbank officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans.
Digital Payments provider Visa has released a report detailing how the use of e-commerce has taken an upward trajectory as the festive season approaches.
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.
Facebook has announced a new campaign aimed at spotlighting Nigerian and Ghanaian entrepreneurs using Facebook, Instagram and WhatsApp to grow their businesses.
Société Générale and the European Investment Bank (EIB) confirmed agreement of a new joint initiative to support economic development across Cameroon.
The Kenya Association of Manufacturers (KAM), Veri-Credit and Association of Kenya Suppliers (AKS) have partnered to promote the proactive mitigation of credit risk management by businesses.
European DFIs announce new initiatives on climate action and inclusive finance for African private sector
With joint ambitions to phase out fossil-fuels financing and the launch of a coalition to support MSMEs in Africa, the European Development Finance Institutions (EDFI) have taken important steps to support a sustainable and inclusive recovery.
South Africa's Sasfin Bank has benefited from the COVID-19 emergency facility set in place by the EU and FMO’s NASIRA fund.
Bridge for Billions launches its Global Investors Network to connect entrepreneurs with investment opportunities
Bridge for Billions has launched its Global Investors Network, which aims to help make the investment ecosystem accessible to all promising purpose-driven ventures.
WorldRemit, a global digital payments company, has launched an Africa-focused entrepreneurship programme in Kenya, Nigeria, Ghana and Zimbabwe.
Kenyan Small and Medium-sized Enterprises (SMEs) are set to benefit from a joint initiative between KRA and Kenya Railways Corporation, following the launch of a Container Freight Station (CFS).
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are boosting green finance on the Egyptian economy and the development of value chains for the private sector.
[Kenya] Bureau Veritas partners with digital female-driven mentorship platform TWAA to support women in business in Africa
Bureau Veritas has announced the launch of its “BV Women in Africa Mentorship Program” in Kenya in partnership with TWAA, a professional networking, knowledge-sharing platform for women and girls.
Digital Payments empower the small to medium enterprises (SMEs), giving them greater scope for inclusion and access to customers and markets.
HEVA in collaboration with the traders of Uhuru Market, and Kenya’s National Government’s SMEs Advisory Unit, has unveiled an online e-commerce platform for the traders.
UN Capital Development Fund (UNCDF) and the Swedish International Development Cooperation Agency (Sida) launched a new partnership to address the challenges Micro, Small and Medium Enterprises (MSMEs) face in Zambia.
The OPEC Fund and the West African Development Bank have signed a Framework Agreement to further strengthen their development cooperation in the member countries of the Western African Economic and Monetary Union.
Deutsche Post DHL, German Ministry for Economic Cooperation promote e-commerce in developing and emerging countries
Giving small and medium-sized enterprises from developing countries access to global markets is the goal of a cooperation between the German Federal Ministry for Economic Cooperation and Development and the logistics company Deutsche Post DHL Group.
IFC announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs.
COVID-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending, according to Standard Chartered’s latest global survey.
Equity Group announced its new partnership with Proparco, a French Development Finance Institution, which will allow the Kenyan bank to grow and continue its support to the private sector and its deep commitment to MSMEs.
Financial services provider Ngao Credit has opened a new branch in Thika town. The new branch will serve the entire Thika region and will be located at Maisha Heights, 1st Floor along Kenyatta Street.
The European Investment Bank (EIB) signed a commitment of $22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt.
The European Bank for Reconstruction and Development (EBRD) is boosting the resilience of the financial sector in Egypt and supporting equity financing to small and medium-sized businesses by investing up to $50 million in LCP Fund II.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
The World Business Angels Investment Forum announced the African Development Bank as its newest Board Member.
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favor of East African Development Bank, to support SMEs and infrastructure projects in East Africa.
Unilever Southern Africa has partnered with the Department of Small Business Development to increase investment in Small, Micro and Medium Enterprise (SMMEs) development.
The Principality of Monaco signed its first funding agreement with UNIDO and the two parties have agreed a tripartite declaration together with the Union for the Mediterranean on empowering women in Tunisia.
Visa announces its partnership with She Leads Africa, a platform that connects female entrepreneurs with the right information and tools that they need to create thriving businesses in their communities.
Vertiv introduces monitoring solution to deliver new capabilities to small and medium-sized edge data centres
Vertiv introduced Vertiv™ Environet™ Alert, a new software offering that brings enterprise-level infrastructure monitoring and management capabilities to smaller data centres and edge facilities.