AfDB and partners launch new fund to boost digital financial inclusion

AfDB and partners launch new fund to boost digital financial inclusion

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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

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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

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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…

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

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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

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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…

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…