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Kenyan agri-tech startup Taimba wins $10k at SXSW
Kenyan startup Taimba, which connects farmers to retailers, was one of three winners of the 2018 Food+City Challenge Prize at the recent SXSW event, taking home US$10,000 in prize money.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Access Bank and FMO sign $25 million facility to boost lending
One of the foremost retail banks in Ghana, Access Bank Ghana has entered into another strategic partnership with its long standing financial partner, FMO, the Dutch Development Bank, for a US$ 25 million facility to boost its lending capacity.
- Region
- Sub-Saharan Africa
- Tags
- lending
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Danone’s debut social bond attracts healthy appetite
Proceeds will be used to fund projects backing notably responsible farming, local projects dedicated to empowering communities and social entrepreneurs or healthy food entrepreneurship, it said in a statement.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- ESG, impact investing
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Press release: Mastercard Foundation announces ambitious commitment to address youth unemployment in Africa
Africa has one of the highest unemployment rates in the world, particularly for young people. By 2030, there will be more than 375 million people under the age of 35 in the labour market. Population growth on the continent means that by 2035, there will be more young people entering Africa's workforce each year than the rest of the globe combined. In 2050, one quarter of the world's working age population will be African, making it the largest workforce in the world.
- Source
- Press release
- Region
- Sub-Saharan Africa
- Tags
- employment, youth
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One of UK’s biggest banks is going digital in Africa for a share of the mobile money market
UK bank, Standard Chartered, is making a play for the mobile financial services market in Côte d’Ivoire—where it has no physical presence—with the the launch of its first digital-only retail bank. The bank will offer digital services allowing users make transfers and pay bills.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Inclusivity solutions brings digital insurance to East Africa through partnerships with Equitel Kenya and Airtel-Tigo Rwanda
Equitel’s Riziki Cover and Airtel–Tigo’s Ingoboka Cash, offer subscribers hospital cash cover to individuals and families who are hospitalised. The offers are being extended as both a free loyalty cover as well as an optional, higher value premium cover. Pivotal to the development of these initiatives was Inclusivity Solutions strategic partnership with Reinsurance Group of America (NYSE:RGA), who is serving as the lead reinsurer for both products.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nigeria’s Banks Lose Customers Despite Central Bank’s Campaign For Financial Inclusion
The statistics obtained by the News Agency of Nigeria (NAN) from the NIBSS website on Sunday, showed that the total number of bank customers dropped from 61 million in 2016 to 59 million in 2017.
- Region
- Sub-Saharan Africa
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MIT, Mastercard Foundation Launch Prize for Financial Inclusion in Africa
The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology, in association with the Mastercard Foundation, Wednesday announced the launch of the 2018 edition of the pan-African Zambezi Prize for Innovation in Financial Inclusion.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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