Standard Bank secures strategic stake in Fintech firm Nomanini

Standard Bank secures strategic stake in Fintech firm Nomanini

On

SOUTH AFRICA – Standard Bank, one of Africa’s largest financial institutions has acquired a strategic stake in Nomanini, the pioneering fintech platform for the informal retail ecosystem. The financial institution had taken the leading role in the funding round that enabled Nomanini…

South Africa’s Nedbank partners with Microsoft on IT infrastructure

South Africa’s Nedbank partners with Microsoft on IT infrastructure

On

SOUTH AFRICA – African financial service provider Nedbank has partnered with Microsoft to migrate components of its IT infrastructure to the cloud. The investment through the partnership will make Nedbank the first financial institution in the country to run operations of this…

AfDB and partners launch new fund to boost digital financial inclusion

AfDB and partners launch new fund to boost digital financial inclusion

On

GUINEA – The African Development Bank in collaboration with partner organisations has launched the Africa Digital Financial Inclusion Facility (ADFI) to accelerate digital financial transactions across the continent. The fund is supported by the Bill & Melinda Gates Foundation, the Agence Française…

Sweden’s Norrsken opens East Africa startup fund and hub in Rwanda

Sweden’s Norrsken opens East Africa startup fund and hub in Rwanda

On

RWANDA – Norrsken Foundation, a co-working space and investment fund based in Sweden, has opened its tech fund and entrepreneurship hub in Kigali Rwanda to support ventures across the region. The Kigali center is Norrsken’s first launch outside of Sweden and the…

AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

On

AFRICA – The African Development Bank (AfDB) has approved a US$113.42 million partial credit guarantee for the development of commercial agriculture projects across the continent. In a statement, AfDB said the funding will be disbursed into various countries through the African Agriculture…