An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Why Fincra is teaming up with Reap to speed up Africa–Asia transactions
Fincra and Reap have formed a strategic partnership to expand card services and cross-border transactions. The collaboration will develop Card-as-a-Service offerings and programmable spend controls for African fintechs.
216 Capital and Plug & Play launch accelerator focused on Tunisian startups
216 Capital and Plug and Play have partnered to launch the 216 Capital Venture Accelerator. The accelerator will support up to 20 startups with €50,000 in initial funding and mentorship.
After two years, Ethiopia’s Mamo Mihretu quits Central Bank post to chase “other passions”
Mamo Mihretu has stepped down as governor of the National Bank of Ethiopia after two years in office. He was appointed by Prime Minister Abiy Ahmed in January 2023.
Grey partners dLocal to drive 80% quarterly payout growth across North Africa
dLocal and Grey report an average quarterly growth rate of 80% in payout volumes. The partnership expands into North Africa, specifically Morocco, Egypt, and Algeria.
Fintech, farming, and the fight against climate change
Farmers in Africa are facing intensified threats from climate change, including droughts and floods. The World Bank reports that Africa has a significant finance gap, with some regions experiencing shortfalls of up to 88%.
