Kenya to scrap risk-based loan pricing in push for lower interest rates
CBK proposes to scrap the risk-based credit pricing model. Lending rates will now be pegged to the Central Bank Rate (CBR).
AgDevCo lands $32 million to launch African agribusiness-focused AgDevCo Ventures
AgDevCo raises $32 million in funding from the UK's FCDO to launch AgDevCo Ventures for early-stage agribusinesses in Africa. AgDevCo Ventures will provide financial support to SMEs in Africa, focusing on smaller investments in the 'missing middle' segment.
The Angel Investor’s role in Africa’s economic transformation
Africa's GDP is projected to reach $29 trillion by 2050, surpassing the US and Eurozone combined. Many African startups operate with smaller capital injections but still make remarkable strides.
Fintech: The digital key to spotting new markets
M-Pesa's transactions accounted for 87% of Kenya's GDP, lifting 2% of households above the poverty line. Fintech platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, driving financial inclusion and economic growth.
Fintech Company Spotlights Resourceful SMEs, Entrepreneurs’
iKhokha partners with Jabu Malungane to create a documentary about his entrepreneurial journey. The documentary aims to shed light on the challenges faced by SMEs in South Africa.
