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.
The Angel Investor’s role in Africa’s economic transformation
Africa's GDP is projected to reach $29 trillion by 2050, surpassing the US and Eurozone combined. Many African startups operate with smaller capital injections but still make remarkable strides.
