Inspiring Africa's Sustainable Business Growth
UGANDA – Kenyan-founded digital payments services provider Cellulant has been granted a licence by the National Bank of Uganda to offer online payment solutions. The firm has been granted a Payments Systems Operator licence in line with the National Payments System Act, 2020, which seeks to streamline burgeoning fintech space in Uganda. By obtaining the license, Cellulant will be able…
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EGYPT – Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers. …
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KENYA – Absa Bank Kenya has signed an agreement with Interswitch to provide financial assistance to Small and Medium Enterprises (SMEs) to fast track acquisition of KRA’s new electronic tax devices. The partnership between the lender and the electronic payments and infrastructure company comes just three weeks ahead of the November 30 set by the taxman. KRA extended the deadline…
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EGYPT – Brotinni, an Egyptian foodtech and dark butcher startup bringing innovation to the meat industry, has raised US$600,000 in a seed funding round led by Innlife investments. Founded by Dalia Abou Omar, Brotinni offers a platform to order hand-cut, farm-sourced and vacuum-sealed fresh meat and poultry cuts. Its offerings also include flash-frozen and ready-to-cook products and provides delivery services…
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