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
Commerce
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
TDB closes renewable deal with support from Asoko’s digital engagement platform
The Eastern and Southern African Trade and Development Bank (TDB) has closed a US$4.2mn deal with Sunspot Energy Kenya Limited, a solar home system provider operating as Spark Possibilities, sourced through TDB’s Renewables DealRoom hosted by Asoko Insight