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30-10-2014 23:52:00 | by: Administrator | hits: 29317334 | Tags:

IFC partners with NMG and KPMG on the 2022 top 100 SME awards in Kenya
27-05-2022 | 08:51:11
 IFC has partnered with Nation Media Group's Business Daily and KPMG on the upcoming Top 100 SME Awards in Kenya slated for later this year.
[Africa Tech Review] Nixon Kanali: Africa still lagging behing when it comes to Digital Rights and Inclusion
26-05-2022 | 15:37:13
Digital Rights and Inclusion have been an area of concern for most countries across Africa. At the recently-concluded Digital Rights and Inclusion Forum 2022 organized by Paradigm Initiative and a host of country partners across
[Column] Patrick Ndegwa: Continental collaboration - How to take the African tech ecosystem into the future
26-05-2022 | 13:18:00
South Africa and Kenya lead the pack in first and second place respectively when it comes to the state of their tech ecosystems.
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
26-05-2022 | 12:45:00
The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other.
IFC partners for growth join forces to support growth-stage companies in emerging markets
25-05-2022 | 10:59:00
IFC and US-based fund manager Partners for Growth are uniting to provide much-needed debt capital to innovative early- to mid-stage companies in emerging markets, with a focus on fintech, software, e-logistics, health, and life sciences firms.
Orange Corners and AstraZeneca partner to boost youth entrepreneurship in Africa
23-05-2022 | 09:38:00
Orange Corners (OC) and AstraZeneca have announced a new partnership to support the Orange Corners programme in the Palestinian Territories focused on creating an enabling environment for young entrepreneurs.
Afreximbank and FCI tout the merits of factoring for SME financing in Central Africa
22-05-2022 | 19:37:05
Afreximbank and FCI concluded a two-day conference last week in Brazzaville, Republic of Congo, to promote factoring and receivables finance in the Central Africa region.
IFC, Acelera Angola partner to boost startup ecosystem in Angola
20-05-2022 | 10:13:00
To support the growth of Angola's entrepreneurial ecosystem, IFC partnered with Acelera Angola to help the company expand, support innovative tech startups, and drive inclusive economic growth in the country.
Africa is organizing itself from the local level
20-05-2022 | 09:26:00
For the very first time, a matchmaking permanent platform between African local authorities and investors interested in local Africa was launched.
[Africa Tech Review] Nixon Kanali: Africa continues to attract investments from big tech
19-05-2022 | 15:22:00
Oracle this week revealed plans to establish a new branch of Oracle Labs, Oracle's advanced research arm, at Casanearshore Park in Casablanca Morocco.
World Economic Forum announces 100 new Start-ups joining its Technology Pioneers Community
19-05-2022 | 10:13:27
The World Economic Forum welcomes 100 innovative tech firms to its Technology Pioneers community. Full of young and growing tech companies, the 2022 cohort is forging new paths in healthcare, food production and more with cutting-edge technologies.
Naspers Foundry leads R83 million equity round in agritech company Nile
19-05-2022 | 09:33:00
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
HSBC launches US$1 billion Female Entrepreneur Fund in 11 countries, including Egypt
19-05-2022 | 09:20:05
The fund is launched in addition to HSBC Roar program to help women entrepreneurs address business challenges. For that purpose, it will provide funds and technical support.
Pan-African fintech app Bamba raises $3.2m seed funding
19-05-2022 | 08:22:00
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the round.
[Ghana] GEA partners with IE University’s Africa Center to promote women entrepreneurship
18-05-2022 | 08:49:00
GEA and IE Africa Center have announced a partnership to promote the economic empowerment of women in Ghana by focusing on providing leadership and development training for women entrepreneurs. 
British International Investment partners with Citi to unlock supply chain finance for African businesses
18-05-2022 | 08:41:00
The British International Investment (BII), signed a $100 million risk-sharing facility for supply chain finance with Citi, to provide systemic liquidity and help Citi grow its supply chain finance product across Africa.
Amethis, EBRD and SPE Capital acquire majority stake in Egypt’s GlobalCorp
17-05-2022 | 10:40:00
A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (EBRD) and SPE AIF I, LP (SPE Capital) has acquired a majority stake in GlobalCorp, a non-banking financial services company in Egypt.
Social Enterprise Ghana with Moringa School and Brighter Investment to promote digital skills for jobs
16-05-2022 | 11:46:26
Ghana’s network of high-impact social entrepreneurs and hubs, Social Enterprise Ghana, has signed an Agreement with Moringa School and Brighter Investment to promote training in digital skills amongst the youth that leads to impactful job creation.
[Africa Tech Review] Nixon Kanali: Safaricom’s mobile money service M-Pesa revenue hit Ksh.107.69 Billion
12-05-2022 | 15:53:00
According to Safaricom's Full Year 2021/2022 results released this week, M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion making it one of the biggest contributors to Safaricom's net profits. 
[Kenya] Kibanda owners in Kenya can now sign up with Glovo for free
12-05-2022 | 10:28:00
Glovo has created a Kibanda Bubble where Kibanda owners can sign up for free and start using the platform for orders.
AFD mobilizes €1 billion for MSMEs in Africa
09-05-2022 | 10:07:42
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 loans $10m to I&M Bank Rwanda to support SMEs, economic activity and Jobs
09-05-2022 | 10:07:40
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 launches MANSA, Africa’s digital due diligence repository
09-05-2022 | 10:07:37
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.
IFC invests in Egyptian private equity fund to support business growth
09-05-2022 | 10:07:33
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.
KBA, KCIC collaborate on advancing green financing in Kenya
09-05-2022 | 10:07:32
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.
Société Générale, EIB unlock €10m support for SME investment in Cameroon
09-05-2022 | 10:07:29
Société Générale and the European Investment Bank (EIB) confirmed agreement of a new joint initiative to support economic development across Cameroon.
EIB invests $22m in first closing of Lorax Capital Partners Fund II in Egypt
09-05-2022 | 10:07:27
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.
Ngao Credit expands its foofprint to Thika, Kenya
09-05-2022 | 10:07:27
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.
[Kenya] Equity supports MSMEs with $100m partnership with Proparco
09-05-2022 | 10:07:27
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.
EBRD, EU and partners support green investments in Morocco
09-05-2022 | 10:07:26
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.
EBRD invests in Egypt-focused private equity fund
09-05-2022 | 10:07:26
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.
IFC more than doubles issuance of social bonds in FY2020 to over $3bn
09-05-2022 | 10:07:23
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.
DFC signs $14.75m loan to advance economic growth in West Africa and the Sahel region
09-05-2022 | 10:07:21
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.
African Development Bank named to the board of World Business Angels Investment Forum
09-05-2022 | 10:07:19
The World Business Angels Investment Forum announced the African Development Bank as its newest Board Member.
OPEC Fund approves $20m for SMEs in East Africa
09-05-2022 | 10:07:18
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.
AfDB, Afreximbank & FCI launch grant to support capacity building of emerging factoring firms in Africa
09-05-2022 | 10:07:15
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.
First National Bank Ghana secures $85m funding from DEG
09-05-2022 | 10:07:08
DEG has given a total of $85 million long-term loan facility to First National Bank Ghana. This is part of its support for financial institutions to widen the access to credit for SMEs and businesses within the real estate value chain.
DFC approves $3.6 billion of new investments in global development
09-05-2022 | 10:07:03
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
World Bank approves $86m to improve access to financial services for MSMEs in Malawi
09-05-2022 | 10:06:52
The World Bank approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises (MSMEs) in Malawi.
[Namibia] Finance Minister opens credit guarantee scheme for SMEs
09-05-2022 | 10:06:47
Namibian Finance Minister announced the commencement of the Credit Guarantee Scheme for SMEs, to provide collateral cover of 60% for qualifying SMEs applying for finance from participating commercial finance institutions.
IFC, FMO support South Africa’s FirstRand increase access to climate financing
09-05-2022 | 10:06:43
IFC announced a loan to FirstRand Bank to enable increased financial and advisory support to energy-efficient and water-smart projects in South Africa, helping the country meet climate emission and other environmental targets.
EIB, al Amana Microfinance partner to support micro-enterprises in Morocco
09-05-2022 | 10:06:41
The European Investment Bank (EIB), and al Amana Microfinance announced the signature of a €3 million finance contract supporting access to financing and the development of Moroccan micro-enterprises.
EBRD, Enda Tamweel and Attijari Bank partner to support microfinancing in Tunisia
09-05-2022 | 10:06:37
The European Bank for Reconstruction and Development (EBRD) is strengthening access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).
IFC, Leadway Vie partner to expand access to life insurance to women in Côte d’Ivoire
09-05-2022 | 10:06:32
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 targets over $1bn annual investment in African businesses
09-05-2022 | 10:06:30
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.
EIB, Banque Misr partner to support private businesses and SMEs in Egypt
09-05-2022 | 10:06:18
The European Investment Bank (EIB) is providing Banque Misr with a €425 million credit line to support Egyptian private small and medium-sized enterprises.
EBRD, GCF boost green economy and value chains in Morocco
09-05-2022 | 10:06:12
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 commits $4.5m to support MSMEs in sub-Saharan Africa
09-05-2022 | 10:06:10
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 .
EBRD partners with EU to strengthen small businesses in Tunisia
09-05-2022 | 10:06:08
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.
AfDB approves $14.96m project to boost women entrepreneurs in Sudan
09-05-2022 | 10:06:07
The African Development Bank (AfDB) approved financing for $14.96 million project to help women in Sudan access finance and grow their businesses.
PROPARCO supports CRDB Bank's commitment towards MSMES in Tanzania
09-05-2022 | 08:46:00
Through a credit line and portfolio guarantees amounting to a TZS182 billion commitment, Proparco will help boost CRDB Bank’s capacity to support micro, small and medium-sized enterprises (MSMEs) in Tanzania.
PROPARCO soutient l'engagement de CRDB Bank auprès des TPME en Tanzanie
09-05-2022 | 08:45:00
Grâce à une ligne de crédit et à des garanties de portefeuille représentant un engagement total de 182 milliards de shillings tanzaniens, Proparco contribuera au renforcement de la capacité de CRDB Bank à soutenir les très petites, petites et moyennes entreprises (TPME) en Tanzanie
ECOWAS, ITC launch SheTrades project to support women entrepreneurs across West Africa
06-05-2022 | 15:34:00
The ECOWAS Commission has combined efforts with the International Trade Centre (ITC) SheTrades Initiative to launch the ECOWAS – ITC SheTrades project.
[Interview] Jeannette Karemera, CEO, Inuma Technology, Rwanda
06-05-2022 | 09:59:00
Jeannette Karemera is the CEO of Inuma Technology, a company in Rwanda that builds new generations of products that are unique, smart and radically helpful.
Ecobank lance son Programme de formation pour accompagner les entreprises dirigées par des femmes en Afrique
05-05-2022 | 21:23:00
La Banque Commerciale Ecobank, qui fait partie du Groupe bancaire panafricain Ecobank, a lancé son Programme de formation au leadership Ellever en partenariat avec le Global Business School Network (GBSN).
[Africa Tech Review] Nixon Kanali: Data security and privacy laws develop across Africa
05-05-2022 | 15:44:00
This week, lawyers across Africa commented on the continent’s urgent need for data privacy and security laws among other top stories of the week.
[South Africa] Fintech Hello Pay launches new mPOS device for SMEs
05-05-2022 | 11:02:00
South African fintech firm Hello Pay has launched a new high-end Android Mobile point-of-sale solutions (mPOS) for local merchants and SMEs.
Ecobank launches Leadership Training Programme to support women-owned businesses across Africa
03-05-2022 | 23:52:00
Ecobank Commercial Banking has launched its Ellevate Leadership Training Programme in partnership with the Global Business School Network (GBSN).
[Column] Kgomotso Ramoenyane: The pros and cons of implementing a mandatory vaccination policy for SMEs
03-05-2022 | 12:10:09
Several smaller companies followed suit, marking the beginning of a “trial-and-error” period that has highlighted both pros and cons for small and medium enterprises (SMEs) and businesses across the board.
[Column] Esther Kamau: Why MSMEs Must Embrace Technology To Remain Competitive
02-05-2022 | 13:31:48
Micro, Small and Medium-sized Enterprises (MSMEs) ought to consider ‘Social Commerce’ as part of their performing business model if their main aim is to exploit vast business opportunities in the expanding Kenyan digital economy. 
[Africa Tech Review] Nixon Kanali: Google joins tech giants setting up innovations hub in Kenya
21-04-2022 | 14:14:00
Google announced plans to open its first African product development centre in Nairobi. The centre is also Google’s second major research and development investment in Africa after the company set up an AI and research centre in Ghana back in 2019.
[Nigeria] Insurance startup Etap gets $1.5m pre-seed
20-04-2022 | 12:03:00
Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates - with the owners mostly unaware - or are not covered at all.
[Africa Tech Review] Nixon Kanali: African governments are contributing to the achievement of digital transformation
14-04-2022 | 16:22:00
This week, the Kenyan government announced plans to deploy 100,000 Kms of fibre optic infrastructure across the country. T
[Sénégal] WIC Capital accorde une avance remboursable à 13 PME dirigées par des femmes.
14-04-2022 | 09:01:00
WIC Capital, spécialisée dans le financement des entreprises dirigées par des femmes au Sénégal et en Côte d'Ivoire, a accordé une avance remboursable de 120 millions de francs CFA (environ 200 000 USD) à 13 PME au Sénégal.
[Senegal] WIC Capital grants repayable advance to 13 women-led SMEs
14-04-2022 | 08:52:00
Impact investment firm WIC Capital specialized in financing women-led businesses in Senegal and Côte d’Ivoire granted XOF120 million (about US$200,000) of repayable advance to 13 SMEs in Senegal.
European bilateral DFIs to launch new EU-funded guarantee programme, the EDFI MSME Guarantee.
11-04-2022 | 14:03:15
European bilateral Development Finance Institutions (DFIs) are launching a new EFSD+ aimed at deploying EUR 80 million to support MSME finance and private sector development in Sub-Saharan Africa and in the EU’s Eastern and Southern Neighbourhood countries.
Investissement supplémentaire pour la croissance du secteur privé en RDC, en Uganda et en Angola
11-04-2022 | 13:42:00
Swedfund annonce un investissement supplémentaire de 4,45 MUSD dans African Rivers Fund 3 (ARF 3), portant l'engagement total de Swedfund à 14,45 MUSD.
Additional investment private sector growth in DRC, Uganda and Angola
11-04-2022 | 13:34:00
Swedish Development Finance Institution Swedfund announces an additional investment of 4.45 MUSD in African Rivers Fund 3 (ARF 3) increasing Swedfund’s total commitment to 14.45 MUSD.
Global development finance coalition commits over USD 5.5 billion for MSME financing in Africa
11-04-2022 | 13:17:00
DFIs committed to dedicate at least USD 4 billion of financing to micro, small and medium size entreprises (MSMEs) in Africa, between mid 2020 and end of 2021.
[Kenya] Stanbic Bank and the African Guarantee Fund sign credit guarantee financing for local SMEs
11-04-2022 | 10:18:00
Stanbic Bank Kenya and the African Guarantee Fund for Small & Medium-sized Enterprises (AGF) have signed a Loan Portfolio Guarantee Facility to increase financing for Small and Medium Enterprises (SMEs).
IFC and Egypt’s MSME Finance Federation partner to expand access to finance for micro businesses
06-04-2022 | 08:47:00
To support the growth of microbusinesses across Egypt, IFC and the Egyptian Medium, Small and Micro-Enterprise Finance Federation have launched a program to strengthen 41 of the country's microfinance institutions.
UPS partners with Jumia to expand its logistics services in Africa
04-04-2022 | 17:08:42
E-commerce leader Jumia has today announced a partnership giving UPS access to its last-mile logistics capabilities and infrastructure to grow its delivery services in Africa.
[Sénégal] Hauts responsables de la BAD Saluent les Programmes d’Entrepreneuriat des Jeunes et des Femmes
04-04-2022 | 16:12:00
Deux vice-présidents du Groupe de la Banque africaine de développement , Beth Dunford et Solomon Quaynor saluent les programmes d’entrepreneuriat des jeunes et des femmes qui augmentent les revenus et renforcent la sécurité sociale des femmes et des jeunes au Sénégal.
European Union and SPARK to support innovation and entrepreneurship in MENA
31-03-2022 | 15:28:22
As the MENA region needs to adapt to complex environmental issues and rapidly changing social and economic behaviour, young entrepreneurs are taking the lead to transition into a greener, ecological and sustainable future.
[Africa Tech Review] Nixon Kanali: Microsoft continues its massive investments in Africa
31-03-2022 | 15:28:00
Microsoft has been all over the news in Africa over the last few weeks. The tech giant continues to make massive investments in the continent and last week.
Proparco partners with CRDB Bank to support MSMEs financing in Tanzania
30-03-2022 | 09:34:00
Through a credit line and portfolio guarantees amounting to a TZS182 billion commitment, Proparco will help boost CRDB Bank’s capacity to support micro, small and medium-sized enterprises (MSMEs) in Tanzania.
4DX Ventures leads $3m seed round in Egyptian fantasy football platform Eksab
28-03-2022 | 11:26:00
Cairo-headquartered daily fantasy football platform, Eksab has secured a $3M Seed funding round, led by 4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, and a number of strategic angel investors.
[Kenya] Health-tech platform M-Tiba and Jubilee partner to provide insurance
28-03-2022 | 08:21:00
Safaricom-owned mobile health platform M-TIBA has announced a new partnership with Jubilee Health Insurance to provide health insurance to over 3,000 lives via their Group Micro Health Product.
[Kenya] Konza and Association of Startups sign MoU to support local startups
28-03-2022 | 06:45:00
Konza Technopolis Development Authority (KoTDA) and the Association of Startups and SME Enablers in Kenya (ASSEK) have signed an MoU to enhance innovation and support startups in Kenya.
AGRA launches 2022 Women Agripreneurs of the Year awards
23-03-2022 | 11:58:53
AGRA has begun accepting applications for the 2022 Women Agripreneurs of the Year Awards (WAYA), which recognizes female entrepreneurs excelling in different segments of the agricultural value chain.
[Kenya] Agritech Apollo raises $40m in Softbank-led round, joined by Chan Zuckerberg Initiative, CDC
22-03-2022 | 11:55:00
Kenya-based agritech Apollo Agriculture, ans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land.
IFC, African and European partners launch alliance to support private sector growth in Africa
22-03-2022 | 11:11:00
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the Alliance for Entrepreneurship in Africa.
Google and Tony Elumelu Foundation support 1 mln more African entrepreneurs
18-03-2022 | 10:22:46
Google and the Tony Elumelu Foundation (TEF) have announced an inaugural Google.org Fellowship to provide 1 million more people in Africa with access to TEFConnect, as part of TEF's mission to support young entrepreneurs from all 54 African countries.
Banque Misr launches innovative program to support Egyptian entrepreneurs
18-03-2022 | 07:24:00
Banque Misr, one of Egypt's leading banks, launched a new program to support the country's entrepreneurs, particularly women entrepreneurs, with access to finance, mentorship, and the advice they need to help them grow and create jobs.
Kenyan fintech 4G Capital raises $18.5M from Lightrock to scale lending to MSMEs
17-03-2022 | 05:42:40
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock. 
[Kenya] E-commerce startup Sokowatch raises $125M, rebrands to Wasoko
17-03-2022 | 05:36:00
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever raised for a non-fintech startup in Africa.
[Interview] Siviwe Ngcingwana, Founder, Signet Seal Group, South Africa 
16-03-2022 | 11:29:47
Siviwe Ngcingwana is the founder and CEO of Signet Seal Group, a diversified Pan-African company with growing interest across various sectors among them agriculture, renewable energy, mining, trading and deal brokering.
[Kenya] FMCGs and everyday products key to e-commerce growth in Kenya, Jumia
14-03-2022 | 11:37:00
Daily customer purchases on Jumia indicate that everyday essentials could just be the key to e-commerce growth in Kenya
Proparco invests $10m in AGF to finance women entrepreneurs and SMEs in Africa
11-03-2022 | 08:47:00
Proparco has invested $10 million in the African Guarantee Fund (AGF) to support the Affirmative Finance Action for Women in Africa (AFAWA) initiative launched to increase access to finance for women entrepreneurs.
[Africa Tech Week] Nixon Kanali: M-Pesa now has more than 31 million monthly users in Kenya
10-03-2022 | 14:13:00
Since Safaricom and Vodafone launched the service in Kenya back in 2007, M-PESA has grown to more than 51 million customers.
Salary on-demand startup Cadana partners with Flutterwave to expand into Nigeria
10-03-2022 | 10:45:00
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
Vodacom Business launches online resource hub for small businesses in South Africa
09-03-2022 | 07:22:00
Vodacom Business has  launched  an online resource hub, V-Hub, an online resource portal specifically designed to help SMEs unlock their full potential as they embark on a digital transformation journey.
IFC launches Africa fragility initiative to promote responsible private sector development in Africa
08-03-2022 | 19:17:00
IFC announced the launch of the Africa Fragility Initiative (AFI), a five-year program dedicated to supporting responsible private sector-led growth and job creation across 32 African countries affected by fragility and conflict.
[Ghana] Fintech startup, Dash, raises $32.8m seed round
08-03-2022 | 12:06:00
Unified payments app, Dash, has today announced that it has raised $32.8 million in an oversubscribed seed round.
[Interview] Claudia Castellanos, CEO, Black Mamba, Eswatini
08-03-2022 | 09:07:20
​​​​​​​Claudia Castellanos is the Co-Founder and CEO of Black Mamba, an Eswatini-based brand that manufactures and distributes specialty food products such as chilli sauces, pestos, chutneys and jams among others.
[Kenya] Absa Bank, KNCCI host women entrepreneurs ahead of International Women’s Day
07-03-2022 | 08:12:00
Over 1000 women SME owners across Nairobi County have benefited from a five-day financial training tour designed to help women entrepreneurs running small businesses strengthen their financial situations in the post-pandemic era.
[Africa Tech Review] Nixon Kanali: Africa is the enduring epicentre of mobile money
03-03-2022 | 15:14:18
Africa and Asia are the home of mobile money, where the shift to digital wallets is in full swing in countries with high smartphone penetration.
[Kenya] Glovo launches pitch competition for early-stage tech startups
03-03-2022 | 10:52:14
On-demand delivery platform Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to SMEs. 
John Deere, AGRA and Mascor launch youth SME contest
01-03-2022 | 11:53:53
The Alliance for a Green Revolution in Africa (AGRA), John Deere Africa Middle East, and Mascor have launched a business plan writing competition for youth SME groups in Kenya for a chance to win a tractor.
USAID grants $35 loan to accelerate access to trade credit finance for Tunisian SMEs
01-03-2022 | 10:01:00
The United States Agency for International Development (USAID), launched a $35 million loan financing program for Tunisian SMEs, in collaboration with the Arab Tunisian Bank and the DFC.