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)

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

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

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

Google 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