Harnessing Climate Fintechs to Help African Small Businesses Track Carbon Emissions and Access Green Finance
Small and medium enterprises (SMEs) contribute up to 90% of employment and over 50% of GDP in sub-Saharan Africa. Mobile fintech can provide scalable solutions for small businesses to track carbon emissions and access green finance.
Swedfund Invests $15 Million in AGIF II to Support African SMEs and Job Creation
Swedfund invests $15 million in TLG Capital’s AGIF II to support African SMEs. AGIF II focuses on SMEs experiencing financial stress, providing flexible debt solutions.
South Korean Startup CAST Wins Special Award at GITEX Africa 2025
CAST, a South Korean startup, received a special prize from the International Finance Corporation during the Supernova Challenge. The award included a cash prize of $10,000 USD.
2025 SME Financing Trends: What Entrepreneurs Need to Know
Less than 15% of SMEs in South Africa gain access to debt funding from traditional banks. The International Finance Corporation estimates a $30 billion funding gap for South African SMEs.
Equator secures $55M to fund Africa’s early-stage climate tech startups
Equator closes a $55 million fund to support early-stage climate tech startups in Africa. Investments will target sectors like energy, agriculture, and mobility to promote sustainable development.
