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Africa Ripe for More Impact Investments, Says Report
“There is much need for impact investing in Africa to drive the continent to reach its full potential,” the report says, adding that impact investing can offer capital to tackle some of the greatest challenges across various sectors including microfinance, affordable healthcare and housing, agriculture and energy.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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China Investors Back Africa-Focused Fintech Startup
OPay, located in Lagos, was incubated in 2018 by Opera, a Norway-based and Chinese-controlled online consumer icompany. OPay provides consumers with a wide range of services including mobile payments and transfers, ride-sharing and food delivery.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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Interswitch Partners with Visa to Promote Financial Inclusion Across Africa
“Sub-Saharan Africa is the fastest-growing payments market in the world, with growth driven by a young and dynamic population, rapidly evolving consumer behaviour, and an increasing desire for payment solutions that can be accepted across the continent and abroad.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Everything You Need to Know About African Fintech Right Now
Africa is home to the world’s youngest labor force, and a rapidly growing rate of mobile phone use. Providing essential financial services to this market has major potential—and global investors, from Silicon Valley venture capital firms to international finance institutions, are taking notice and backing African fintech companies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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African Cleantech Deals Stand Over Regular VC Funding Like A Familiar Solar Tower
Africa has all the makings of the world’s cleanest economic revolution. By leveraging renewable energy sources to brighten an extensive stretch of urbanization, the continent’s sunshine is not entirely going to waste.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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A New Program Aims to End Africa’s Financial Gender Gap
Singer Angélique Kidjo is promoting Affirmative Finance Action for Women in Africa, a program that seeks to boost financing for female entrepreneurs. “Why do banks give more loans to men versus women? That’s the question I have,” she said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Latest Marker of Chinese Interest in African Fintech Is a $120 Million Funding Round for OPay
Notably, OPay’s round follows on the heels of another major funding round by Chinese investors in an African-focused fintech startup after PalmPay raised $40 million in a seed round from Shenzhen-based Transsion Holdings, the top selling phone maker in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Greenlight Planet partners with telecom operators in sub-Saharan Africa
Greenlight Planet, pay-as-you-go (PAYG) solar service provider, has partnered with telecom operators in Africa to recognise the natural synergy between the telecom and pay-as-you-go solar industries. The initiative is in line with the company’s aim to pursuing a telecom-focused strategy to have a far-reaching impact on more than 600 million unelectrified consumers across the African continent.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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