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Browsing: Funding
Government of Tanzania launches fund for NGOs. Tanzania NGOs urged to wean off donor dependency. NGOs encouraged to seek alternative…
UK’s $18.86M investment will support healthcare workers recruitment and retention efforts in Kenya, Nigeria, and Ghana. Financing is seen as…
The funding will see SEACOM grow its broadband cable network and cloud-based product offering in sub-Saharan Africa. Under the new…
PROPARCO and the IFC, are scaling up of renewable energy production in both Kenya and DRC. The two organisations will…
Women and youth in Kenya’s agricultural sector are set to benefit from new AfDB funding. Another $1.3 million has been…
Funding aimed at increasing the efficiency of domestic resource mobilization and public expenditure. The move will enable the government to…
The funding, Mozilla African Innovation Mradi, promotes ideas based on unique African user needs. The program scouts for innovation that…
The Baobab network has called for applications for the Cohort 1, 2023 accelerator programme The accelerator programme is designed to…
In Nigeria, where an estimated 38 million people, or 36% of adults, remain financially excluded, the government has set a target of 95% financial inclusion by 2024.
While this may seem like an ambitious goal, that will require institutions to re-strategize initiatives and policies to accelerate the delivery of financial inclusion services, a lot of tech-backed firms are being developed in the West African country to help achieve this goal.
Among them is Lagos-based FinTech unicorn Interswitch which seems to have heeded that call, leveraging its position as a market leader in digital payment services to bridge the massive financial inclusion gap and help bring as many people into the financial and economic fold as possible.
This and other challenges including unpredictable prices of farm produce and a lack of working capital often plague small restaurants and food vendors across the continent.
This is what largely drove the creation of TopUp Mama- Former Kibanda TopUp- in Kenya.
The firm launched in February 2021 in Nairobi and has reported significant growth over the past year since its inception.
Founded by Njavwa Mutambo, Emilie Blauwhoff and Andrew Kibe, the startup has grown 10-fold in just over a year with more than 3,000 merchants (1,000 active) using its platform to make orders every month.