Financing
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News
African Private Capital Funds Are Still Finding Their Biggest Backers Abroad
The effort to finance Africa’s growth is increasingly becoming a debate about where capital comes from rather than whether capital…
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News
Africa Faces $1.3 Trillion Annual Financing Gap, But the Funds Exist, Says AfDB
Africa faces an annual development financing gap exceeding $1.3 trillion needed to meet the United Nations Sustainable Development Goals, the…
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News
NCBA, AGF Renew KES 3B SME Deal, Prioritize Women-Led Businesses
NCBA Group has renewed its 10-year, KES 3B partnership with the African Guarantee Fund (AGF) to boost SME financing in…
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News
CS Kabogo, Amb. Thigo Lead Kenyan Delegation as France AI Summit Begins
ICT and Digital Economy CS William Kabogo and Kenya’s Special Envoy on Technology Ambassador Philip Thigo are heading the Kenyan…
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News
Uzapoint and Pezesha partner to provide embedded working capital to merchants in Africa
Uzapoint Technologies has partnered with SME financing platform Pezesha to provide access to finance for micro and small businesses across…
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News
SA car-ownership financing startup Planet42 raises $100 million to scale its business
South African Car Subscription Startup Planet42 has raised $100 million in combined equity and debt funding. Launched in 2017, Planet42…
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News
Autochek has launched a vehicle financing subsidiary for customers across Africa
Autochek, the automotive technology company that is simplifying car ownership across Africa, has announced the launch of Autochek Financial Services.…
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Startups
Auto Financing startup Moove raises £15 million financing to scale UK operations
Moove, a mobility fintech startup providing auto financing for gig economy drivers has raised £15 million in financing to scale…
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News
KCB Partners With EV Maker BasiGo Kenya to Finance Electric PSV Buses
The Kenya Commercial Bank (KCB) and electric vehicles manufacturer BasiGo Ltd on Tuesday announced a partnership that will enable investors…
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News
Roam has inked a deal with M-Kopa to have its electric motorcycles available on credit
Kenyan electric vehicles manufacturer startup Roam has entered into a partnership with fintech firm M-Kopa which will see its motorcycles…
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BUSINESS
Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha
Mastercard today announced that Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform…
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BUSINESS
Telkom and Lipa Later partner to launch device financing plan
Telkom Kenya and Buy-Now-Pay-Later company Lipa Later have today announced device financing that will make it easier for Kenyans to…
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News
Pezesha Africa partners with Autochek to provide Asset Financing to local SMEs
Automotive technology company Autochek has partnered with Pezesha Africa to enable SMEs in Kenya to access asset financing. Pezesha offers…
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BUSINESS
LG, Avana Laundromat and Hotpoint ink financing deal for entrepreneurs eyeing the laundry market
Entrepreneurs eyeing the fast-growing on-demand laundry market can now access financing of up to KSH 1.5 million to set up…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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Startups
African fintech mobility startup Moove raises $10 million financing from NBK Capital Partners
African fintech mobility startup Moove has closed a US$10 million financing facility from NBK Capital Partners. Moove is Uber’s exclusive…
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BUSINESS
IFC Extends Financing to Guaranty Trust Bank to support SMEs in Kenya
IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the Guaranty Trust Group, for on-lending…
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News
Sidian Bank and FMO sign a Ksh.1.7 billion facility for MSMEs financing in Kenya
Dutch entrepreneurial development bank FMO and Sidian Bank have signed a Ksh.1.7 billion NASIRA loan portfolio guarantee to provide financing…
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BUSINESS
The business challenges of SMEs during this COVID-19 pandemic
The COVID-19 pandemic has not only taken a toll on the health sector; it has now become an economic crisis…
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News
Safaricom Plans To Launch Device Financing Models For PostPay Customers
After unveiling their new PostPay plans yesterday, Safaricom announced that they plan to bring financing models for smartphones. Through this,…
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Startups
On-demand deliveries startup Sendy raises $2m from Goodwell Investments
Nairobi based on-demand delivery platform Sendy has received a $2 million investment from Dutch impact investor Goodwell Investments. According to…
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