Swedish International Development Agency (SIDA) has funded project to boost science, technology and innovation launches in Tanzania
Commerce
TerraPay partners with FloCash to accelerate border business payments
TerraPay, one of the leading global payments infrastructure companies, has partnered with Flocash, provider of payment services powering ecommerce in the Middle East and Africa, for large cross-border business payments
FSD Africa invests in Kenyan fintec firm IMFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced around US$4mn investment into IMFact, an expanding fintech company that uses supply chain financing to provide working capital to micro, small and medium enterprises (MSMEs)
Mastercard Foundation launches COVID-19 recovery programme in Kenya
Recognising the devastating effects of COVID-19 on businesses and families in Kenya, Mastercard Foundation has launched the COVID-19 Recovery and Resilience Programme (CRRP) to help micro- small- medium-sized enterprises (MSMEs) respond to and withstand the impact of pandemic while strengthening their resilience in the long run
AfDB grants US$1.5mn to Smart Africa Alliance
The African Development Bank (AfDB) has approved a US$1.5mn grant to assess policy gaps in the digital trade and e-commerce ecosystems in 10 countries in Africa