The African Export-Import Bank (Afreximbank) is set to double its financing for intra-African trade, increasing it from $20 billion in 2021 to $40 billion by… Read More »Afreximbank to Double Intra-African Trade Financing to $40 Billion by 2026
The African Development Bank (AfDB) Group has approved a $40 million transaction guarantee facility for Dashen Bank in Ethiopia. This facility aims to support Dashen… Read More »AfDB Approves $40 Million Guarantee Facility to Boost Dashen Bank’s Trade Finance in Ethiopia
Meta has introduced the Llama 3.1 Impact Grants that aims to support innovative open-source AI projects addressing global challenges. This program builds on previous successful… Read More »Meta Launches Llama 3.1 Impact Grants for AI Solutions
Sendsprint has completed the acquisition of Nobel Financial Inc. for an undisclosed fee. It was founded in 2022 by ex-Flutterwave executive Damisi Busari, and facilitates… Read More »Sendsprint Acquires Nobel Financial, Expands Benefits to Africa
Starting August 6, 2024, Medium has expanded its Partner Program to include writers from over 77 new countries. This expansion includes several African nations: Algeria,… Read More »Medium Expands Partner Program, Allowing Writers from 77 New Countries to Earn
Cape Town’s HAVAÍC has launched its third African Innovation Fund, aiming to invest $50 million. The firm has announced a successful first close after securing… Read More »HAVAÍC Launches $50 Million African Innovation Fund 3
The African Development Bank (AfDB) has signed a $20 million equity investment deal with the African Infrastructure Investment Fund 4 (AIIF4). This deal shows the… Read More »African Development Bank Invests $20 Million in AIIF4 to Boost Infrastructure
Egyptian fintech startup Banknbox has teamed up with Jordanian payments provider CSC Jordan. This partnership aims to drive financial inclusion and offer advanced services to… Read More »Egyptian Fintech Banknbox Partners with CSC Jordan to Boost Financial Inclusion
African startups have surpassed $1 billion in investments in the first half of 2024, reaching $1.1 billion. This increase marks a rebound from $1 billion… Read More »African Startups Surpass $1 Billion in First-Half 2024 Investments
The African Union (AU) has launched the AU Startup Policy Framework and Model Law in a move to drive innovation across Africa. This initiative is… Read More »AU Launches Startup Policy to Boost African Innovation