World Bank’s arm offers US$4.8m financing to boost Kenya businesses

World Bank’s arm offers US$4.8m financing to boost Kenya businesses

On

KENYA – The International Finance Corporation (IFC), the financial institution of the World Bank has offered to invest US$4.8 million (Sh490 million) in technical advisory services to the Kenyan government to boost businesses. The deal is expected to help in promoting business…

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

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

On

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…

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

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

On

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

On

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…

Mastercard and tech firm Angaza signs deal for digital payment solutions in Africa

Mastercard and tech firm Angaza signs deal for digital payment solutions in Africa

On

AFRICA – The global financial services corporation, Mastercard has signed a Memorandum of Understanding (MoU) with US based pay-as-you-go firm, Angaza to expand digital payment solutions in Africa and beyond. The platform will provide payment options for solar home systems and water…