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Finance

Nigeria: Bank of Industry offers $71m Loan to 400 Female Entrepreneurs

By Footprint to AfricaJanuary 3, 2020

As part of its deliberate steps to address issues around gender equality in entrepreneurship, the Bank of Industry said it disbursed N26 billion ($71 million) loans…

Finance

Paris-Based Startup, FairMoney Raises 10m Euros to Help Reshape Mobile Banking in Nigeria and Beyond

By Footprint to AfricaSeptember 18, 2019

Paris-based financial tech (fintech) startup, FairMoney has closed a 10 million-euro Series A round of investment. The round was led by Flourish, a venture of The…

Finance

AFC Closes Japanese Loan Deal as Group Moves Towards Building a Broad Coalition of International Investors

By Footprint to AfricaSeptember 18, 2019

The Africa Finance Corporation (AFC), Africa’s leading investment-grade infrastructure solutions provider, has announced the successful closure of a deal that raised $233 million and JPY 1…

Finance

AFC Welcomes Madagascar as its 22nd Member State

By Footprint to AfricaSeptember 4, 2019

The Republic of Madagascar has officially become the twenty-second (22nd) member state of the Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa. The…

Finance

New System Helps Kenya Revenue Authority Boost its Tax Revenue Performance for July 2019

By Footprint to AfricaSeptember 2, 2019

The Kenya Revenue Authority (KRA), an agency of the government of Kenya responsible for the assessment, collection and accounting for all revenues that are due to…

Finance

Sanlam Kenya Group Chief Financial Officer Kevin Mworia, Group CEO Patrick Tumbo and Acting Sanlam General Insurance CEO Caroline Laichena

Financial Services Firm, Sanlam Kenya Posts $6m Profit Following Massive Losses in 2018

By Footprint to AfricaSeptember 2, 2019

Financial services firm, Sanlam Kenya has confirmed the viability of its ongoing turnaround strategy after bouncing back to profitability following heavy losses in 2018. The firm,…

Finance

Tunisia Secures $335m Financial Aid from the U.S.

By Footprint to AfricaAugust 29, 2019

The United States has agreed to give Tunisia financial aid worth $335 million over five years to support its democratic transition, the Tunisian Development and International…

Finance

Kenyan Insurer Sanlam Recovers from Loss to Post $6m

By Footprint to AfricaAugust 23, 2019

Sanlam Kenya has posted Sh639 million ($6 million) in net earnings for the first half of 2019, coming from a Sh1.5 billion loss booked in the same…

Finance

Mobile Money Services Company, Nilepay Partners with Telecoms Firm, Zain South Sudan to Widen Financial Inclusion in the Region

By Footprint to AfricaAugust 7, 2019

Leading Electronic Financial Services Company, NilePay has partnered with Zain South Sudan, the country’s top telecommunications firm, to launch NilePay Mobile Money, the first licensed mobile…

Finance

Paxful Moves to Increase Access to Africa’s Bitcoin Economy through Education

By Footprint to AfricaAugust 2, 2019

Paxful a global a peer to peer Bitcoin marketplace connecting buyers with sellers, plans to increase access to the bitcoin economy in Africa through education. This…

Browsing: Finance

Three Major Reasons Why Africa is Underdeveloped – Osita Oparaugo

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