AfDB doubles its climate finance commitments to US$25bn within 2020-2025

AfDB doubles its climate finance commitments to US$25bn within 2020-2025

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AFRICA – The African Development Bank (AfDB) announced that it will double its climate finance commitments for the period 2020-2025 to at least US$25 billion. The announcement was made by Akinwumi A. Adesina, the Bank’s President during the One Planet Summit in…

CDC opens offices in Kenya and Nigeria to increase investments

CDC opens offices in Kenya and Nigeria to increase investments

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AFRICA – The United Kingdom’s government-owned development finance institution, commonwealth Development Corporation (CDC), has opened offices in Kenya and Nigeria as part of its strategy trade ties with African countries. According to Nick O’Donohoe, chief executive of the CDC Group, the new…

Safaricom partners AliExpress to enable M-PESA payments for online shoppers

Safaricom partners AliExpress to enable M-PESA payments for online shoppers

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KENYA – Kenya leading mobile network provider, Safaricom, has partnered Ant Financial Services – the world’s largest fintech services provider –to enable Kenyans shopping on AliExpress to pay for their purchases using M-PESA. The partnership primarily targets micro-traders in the country who…

Econet’s Cassava Fintech launches cross border money transfer services across Africa

Econet’s Cassava Fintech launches cross border money transfer services across Africa

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SOUTH AFRICA – Cassava Fintech, a Pan-African technology company and member of the Econet Group has launched a cross border money transfer service from South Africa to the rest of Africa. According to Cassava Fintech International Group chief executive officer, Mr Darlington…

Actis partners India’s Shapoorji in US$120m middle-income housing plan

Actis partners India’s Shapoorji in US$120m middle-income housing plan

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KENYA – The UK based private equity fund, Actis has partnered Indian real estate developer, Shapoorji Pallonji to develop US$120.42 million (SH12 billion) middle-income housing in Kenya. In addition to Kenya, the joint venture formed between the two companies will involve development…