An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Commercial Bank in East Africa to integrate USDA Payments
Diaspora remittances in Kenya hit a record $5 billion in 2024, becoming a leading source of foreign exchange. The World Bank estimates the global average remittance cost at 6.45%, with Sub-Saharan Africa reaching nearly 8%.
M-KOPA unlocks $22.5 million in credit in South Africa as women drive uptake
M-KOPA has extended over ZAR 370 million ($22.5 million) in credit to low-income consumers in South Africa since 2023. 49% of M-KOPA's 105,000 customers are women, with 36% being first-time smartphone users.
CcHUB launches GATEWAY to train 340,000 Nigerians for global gig work
CcHUB has begun accepting registrations for GATEWAY, a program to train 340,000 young Nigerians in digital skills. The initiative aims to connect participants with gig work opportunities amidst high unemployment rates in Nigeria.
African agtech funding drops to $170M in 2025 as debt overtakes equity for first time
Startups in Africa's agtech ecosystem raised less than $170 million in 2025, with equity accounting for less than half of total funding for the first time. Equity funding in African agtech fell from approximately $328 million in 2022 to roughly $80 million in 2025.
Nigeria lands $126m European backing for national fibre project
Nigeria has received a $100 million investment from the European Bank for Reconstruction and Development for Project BRIDGE. The World Bank has already committed $500 million to support Nigeria's fibre-optic expansion.
