Lula Collaborates with Payfast by Network to Embed Growth Funding for E-Commerce Merchants
Lula has entered a strategic collaboration with Payfast to provide funding solutions for e-commerce merchants. The partnership allows Payfast merchants to access fast and flexible funding directly within their payment environment.
Ethio Telecom & Awash Bank Launch a New Digital Microfinance & Device-Financing Service
Launch of 'Tila', a digital microfinance and device financing service by Ethio Telecom and Awash Bank. Introduction of non-collateral microcredit, micro-savings, and salary-based loans through telebirr.
How much would you have made if you invested in Moniepoint?
Moniepoint raised $90 million to complete its Series C round at a valuation of $200 million. The company achieved unicorn status after raising $110 million in October 2024.
Kenya to scrap risk-based loan pricing in push for lower interest rates
CBK proposes to scrap the risk-based credit pricing model. Lending rates will now be pegged to the Central Bank Rate (CBR).
AgDevCo lands $32 million to launch African agribusiness-focused AgDevCo Ventures
AgDevCo raises $32 million in funding from the UK's FCDO to launch AgDevCo Ventures for early-stage agribusinesses in Africa. AgDevCo Ventures will provide financial support to SMEs in Africa, focusing on smaller investments in the 'missing middle' segment.
