An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Nigeria can build solar power plants, but funding remains elusive
The Nigeria Electrification Project (NEP) has built 180 solar hybrid mini-grids across 23 states, connecting over 146,000 households. As of 2024, only 62.5% of Nigeria's population has access to electricity, leaving over 80 million people unserved.
Kenyan cross-border fintech WapiPay enters Canada with money services licence
WapiPay has entered the North American market after securing a Money Services Business licence from FINTRAC. The licence enables WapiPay to offer foreign exchange, money transfer, and payment services in Canada.
Why M-KOPA is using smartphone repayments to expand digital lending
M-KOPA has served nearly 10 million customers and deployed over $2 billion in credit. The company uses smartphones as a gateway to offer digital credit and other financial services.
Why more Lesotho migrant workers are choosing fintechs to send money home
Mampe Seema began using Mukuru for remittances after facing difficulties with traditional banking. An estimated 400,000 Basotho migrants in South Africa are increasingly using fintechs for cross-border payments.
Moroccan proptech Agenz raises $5 million to digitise real estate transactions
Agenz raised $5 million to support product development and AI investments. The funding round included participation from Breega, Attijariwafa Ventures, and Saviu Ventures.
