Standard Bank & African Development Bank Empower SMMEs & Trade
The African Development Bank Group and Standard Bank Group signed a landmark agreement to increase funding for SMMEs. Standard Bank of South Africa Limited secured a R3.6 billion social bond investment to enhance lending capacity for SMEs.
Africa Venture Firm Janngo Capital Raises $78 Million For Its Second Fund
Janngo Capital closed its second fund at €73 million. Main backers include African Development Bank Group and European Investment Bank.
Equator Africa gets $5 million to support climate tech innovation in Africa
Equator Africa closes an additional $5 million from IFC. Initial close of $40 million secured in April 2023.
AfDB to commit $10M to KawiSafi Fund II to support Africa's climate startups
The African Development Bank Group (AfDB) will commit $10 million to the KawiSafi II Fund. The investment will come from the Sustainable Energy Fund for Africa (SEFA).
Mastercard Ramps Up Digital Transformation in Africa
Pilot program to assist three million farmers in Kenya, Tanzania, and Nigeria Mastercard aims to register 15 million users in Africa onto its Community Pass platform
