Commerce

FSD Africa invests in Kenyan fintec firm IMFact

Kenyan SHilling 22 DecFSD 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)

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Mastercard Foundation launches COVID-19 recovery programme in Kenya

Mastercard CAF 21 DecRecognising 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

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AfDB grants US$1.5mn to Smart Africa Alliance

AfDB CAF 20 DecThe 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

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TDB closes renewable deal with support from Asoko’s digital engagement platform

Asoko ATR CAF storyThe 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

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Google announces first investment from Africa Investment Fund

Google Africa 16 DecGoogle has announced its first investment from the Africa Investment Fund which was launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October

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