by Fintechnews Africa 9 May 2023 DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding. The early-stage venture capital fund aims to provide seed capital to up to 28 startups with prime … Read More “Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco” »
by Fintechnews Africa 10 May 2023 Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and Ecobank. The launch of the App in Kenya will … Read More “Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth” »
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European Central Bank officials called for interest rates to be lifted further — seeking additional reassurance on the inflation front as they look past more signs of weakness in the euro-zone economy. Dutch central bank chief Klaas Knot said he’s “not yet convinced that the current tightening is sufficient,” telling lawmakers Wednesday in the Netherlands … Read More “ECB officials urge higher rates even as inflation retreats” »
by Fintechnews Africa 10 May 2023 SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for secure e-commerce transactions for smallholder farmers in Kenya. Tawi aims to provide farmers with a viable and consistent market, price transparency and efficient supply chain management. Cherotich Rutto “Tawi … Read More “SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “AIIM-backed wind farm project reaches financial close” »
Fintech BKN301 will significantly aid MENA region’s fintech sector, which experts project to reach $3.45 billion by 2026. Two of the world’s three largest remittance corridors located in the UAE and Saudi Arabia handled $78 billion in payments in 2020, 6 equating to 7 percent of the GDP of the two nations combined. Currently, fintech … Read More “BKN301 aims to shake up MENA’s growing fintech market” »
Equities slid while government bonds yields climbed in much of Asia and Treasuries held their sharp move from the previous session as investors reassessed the risks from inflation. The unexpected decision by the Bank of Canada to restart its rate-hiking campaign on Wednesday — which followed an increase earlier in the week in Australia — … Read More “Bond yields rise, stocks fall as rates view shifts: Market wrap” »
by Company Announcement 18 May 2023 South Africa’s informal market is a space that is well understood by South African fintech, Lesaka Technologies, a champion of financial inclusion, steadily building a leading position in these fast growing, previously underserved markets. GG Alcock, who coined the term Kasinomics to describe the township economy, is one of … Read More “Robust Results from Lesaka as it Champions Financial Inclusion” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “General Catalyst, Multichoice, Rapyd team up to launch payments platform” »
