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Mastercard to Infuse $100 Million in Airtel Africa’s Mobile Money Business
Airtel Africa on Thursday announced that Mastercard would invest USD 100 million (about ₹733 crore) in its wholly-owned subsidiary Airtel Mobile Commerce BV (AMC BV).
- Region
- Sub-Saharan Africa
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Nestlé, IDH, TechnoServe Partner for Better Livelihoods for Smallholder Farmers in Nigeria
The seven-month project will enable more inclusive and transparent sourcing of maize, soybeans, millet, and sorghum for Nestlé’s operations in Nigeria.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Accel-Backed Mobile Money Platform Nala to Start Offering Remittance Services to East Africa
In Tanzania, mobile money services can be relatively difficult to use due to unstable internet and high service fees.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech, remittances
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Analysis: How the Governments of Africa Are Prioritizing Resilience in the Pandemic Era
Digital access, data-sharing and modernized systems are making a difference in the fight against Covid-19.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Sub-Saharan Africa
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Press Release: DFC Improves Rural Livelihoods and Empowers Women Through $35 Million Investment in Root Capital
Small and growing agricultural businesses in low- and middle-income countries are chronically underfunded. Research shows that the global financing gap for these rural enterprises is in the hundreds of billions of dollars—at least $65 billion in sub-Saharan Africa alone. By taking steps to close this financing gap, DFC investments can help improve rural livelihoods and transform communities.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Uganda’s Tugende Closes $3.6 Million Series A Extension to Meet the Demand for Its Asset Finance Products
The investment, which, according to the company, was agreed on and structured in 2020, follows the $6.3 million raised in November 2020 and led by Toyota Tsusho investment fund Mobility 54. This brings Tugende’s total Series A financing to $9.9 million.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- MSMEs, transportation
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COVID Fallout ‘Undermining Nature Conservation Efforts’
Covid-19 is taking a "severe toll" on conservation efforts, with multiple environmental protections being rolled back, according to research.
- Categories
- Coronavirus, Environment
- Region
- Sub-Saharan Africa
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Uganda’s Space Program Starts Taking Shape
Uganda is set to launch its first satellite in outer space in a national space program by 2022 a revelation which was initially made in November 2019 by the ministry of science, technology, and innovations (MoSTI).
- Categories
- Technology
- Region
- Sub-Saharan Africa
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