The Mastercard Lab for Financial Inclusion – the technology company’s first lab focused on financial inclusion – is committed to empowering millions of Africans through the use of public-private partnerships, and the innovation of locally relevant technology solutions
Commerce
Electronic trade rekindling sales for African businesses during COVID-19
During a livestream session on 14 May 2020, coordinated by the Alibaba Business Group to position small-scale world brands on the Electronic World Trade Platform (eWTP), 300 bags of a coffee product were sold in just one second which lay fallow hitherto in storehouses in Rwanda due to COVID-19 lockdown
EIB, BDC provide US$100mn to finance SMEs in Egypt
The European Investment Bank (EIB) has signed a US$100mn financing agreement with Banque du Caire (BDC) to finance Egyptian small and medium-sized enterprises (SMEs) investments in the manufacturing and services sectors
Nutanix launches new features to protect business-critical apps
Nutanix has introduced several new features to secure business-critical applications and maintain continuous business operations in the face of a possible disaster
UNDP, JUMIA Uganda launch e-commerce platform for SMEs
The UN Development Programme (UNDP) and e-commerce company Jumia Uganda have launched a new online platform to boost online trading