All News and Announcements
Nigeria’s Access Bank Gets $295 Million to Help Small Firms
The money will "empower local small- and medium-sized enterprises, with a particular focus on underserved segments such as youth and women-owned businesses, agricultural enterprises, and very small enterprises".
Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire
The investment aims to strengthen financial assistance for micro, small and medium scale enterprises (MSMEs), particularly those owned by women in Côte D’Ivoire.
Climate Finance: Fintech Nithio Raises $10 Million for Its African Operations
The $10 million funding will enable Nithio to extend its financing to distributors of solar home systems and solar appliances for productive use, such as lighting, communication, irrigation and cooling systems for households and businesses.
KIMS Microfinance Signs Strategic Partnership Agreement Gargaara Finance Limited
Under this agreement Garagaara will provide an expandable shariah compliant line of financing to KIMS for use by the institution to increase its provision of financing of MSEs across the Somalia.
Swiss Impact Investor responsAbility Raises $106M for Climate-Smart Agriculture and Food Fund
This investment solution aims to provide long-term financing to innovative agribusinesses with the goal of mitigating climate change, reducing food loss and promoting climate change resilience in their value chains.
AfDB Signs $650,000 Grant to Provide Digital Services to Women and Youth in Chad
The Africa Digital Financial Inclusion Facility of the African Development Bank has signed a grant agreement for $650,000 with the Government of Chad to provide innovative digital financial and non-financial services to women and youth.
ShEquity Invests in Woman-owned Financial Inclusion Startup Owoafara
The addition of Owoafara illustrates ShEquity’s unrelenting commitment to providing smart investments for African female entrepreneurs and innovators.
Goodwell Investments Launches $154 M uMunthu II Fund
The $154 million will finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for unserved and underserved consumers in Africa.
European Financing Fund for Africa Launched With First Closing of $24.1M
The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.
ADA to Promote Financial Inclusion in Niger via Improved Product Design, Supervision, Funding Framework
The initiative is part of a larger LuxDev effort in Niger that has a total budget of EUR 145 million (USD 156 million).