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News
Standard Bank Lands $327.1 Million African Development Bank Investment for SMEs in South Africa
5+ hour, 32+ min ago (63+ words) nextbillion.net Standard Bank Lands $327.1 Million African Development Bank Investment for SMEs in South Africa The African Development Bank (AfDB) has invested $332m (about R5.4bn) in a capital markets security issued by Standard Bank Group to expand financing for small and medium-sized…...
Swedfund Invests $12 Million to Strengthen Climate-Resilient Agriculture and Food Security Across Africa
5+ hour, 54+ min ago (100+ words) nextbillion.net Swedfund Invests $12 Million to Strengthen Climate-Resilient Agriculture and Food Security Across Africa Swedish development finance institution Swedfund has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II), expanding financing for agribusinesses that support climate resilience, market access…...
Cyberattack Hits Angola’s Biggest Telecom Hours Before Landmark $329 Million Stock Market Debut
6+ day, 14+ hour ago (64+ words) nextbillion.net Cyberattack Hits Angola’s Biggest Telecom Hours Before Landmark $329 Million Stock Market Debut The state-controlled operator said it detected the attack at about 2:20 a.m. local time on Tuesday, triggering widespread disruptions across its technology infrastructure and affecting services for…...
Taking First-Loss Guarantees Further: Four Problems That Keep Social Enterprises Stuck, and How Entrepreneurship Support Organizations Can Address Them
1+ week, 1+ day ago (383+ words) Guaranteeing loans to enterprises can only take you so far. For many of these entrepreneurs, who are often selling technologies that would increase customers’ long-term revenue in exchange for a high upfront cost, the product itself may need additional financing…...
Small Steps Taken Towards Greater Gender Diversity in African Startup Ecosystem in Last 2 Years, Says New Report
1+ week, 1+ day ago (84+ words) nextbillion.net Small Steps Taken Towards Greater Gender Diversity in African Startup Ecosystem in Last 2 Years, Says New Report Small steps have been taken towards greater gender diversity within the African tech startup ecosystem over the last two years, but…...
Kenyan Startups Fuzu and Kyosk Secure Funding from Jobtech Alliance
3+ week, 6+ hour ago (77+ words) nextbillion.net Kenyan Startups Fuzu and Kyosk Secure Funding from Jobtech Alliance Disrupt Africa reported in October 2022 on the launch of the Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa steered by Mercy Corps and BFA Global, which…...
South Africa Fintech Bridgement Raises $20 Million as Banks Back AI-Powered Business Lending
3+ week, 6+ day ago (47+ words) nextbillion.net South Africa Fintech Bridgement Raises $20 Million as Banks Back AI-Powered Business Lending RMB and Standard Bank back AI-powered lender helping SMEs access business loans online in just minutes....
Africa’s Second-Richest Billionaire Takes Full Control of Major Private Hospital Network in $947 Million Deal
1+ mon, 2+ day ago (76+ words) nextbillion.net Africa’s Second-Richest Billionaire Takes Full Control of Major Private Hospital Network in $947 Million Deal The transaction, finalised on July 1 after receiving all required regulatory approvals, gives Remgro sole ownership of one of Southern Africa’s largest private hospital groups,…...
Report: Buy-Now-Pay-Later Reshapes South Africa Credit Landscape
1+ mon, 2+ week ago (53+ words) nextbillion.net Report: Buy-Now-Pay-Later Reshapes South Africa Credit Landscape South Africa’s buy-now-pay-later (BNPL) market is rapidly expanding, driven by growing consumer demand for flexible payment options, rising e-commerce adoption and increasing financial pressure on households....
Proparco Backs Early-Stage Tech Fund in Africa
1+ mon, 2+ week ago (70+ words) nextbillion.net Proparco, through FISEA, has invested in EmergingTech Ventures Fund II, an early-stage venture capital fund focused on high-potential technology startups across Morocco, Tunisia, Senegal, and Côte d’Ivoire. Managed by EmTech Capital, the fund targets a size of USD…...