Kenya
SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya
SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for secure e-commerce transactions for smallholder farmers in Kenya. Tawi aims to provide farmers with a viable and consistent market, price
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Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth
Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and
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Central Bank of Kenya Launches QR Code Mobile Payment Standard
The Central Bank of Kenya (CBK) announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 . The Standard will guide how Payment Service Providers and banks that are regulated by the CBK will issue Quick Response
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Fintech Emerges as Kenya’s Most Prevalent Tech Startup Sub-Sector
In Kenya, fintech has emerged as the country’s most prevalent tech startup sub-sector, accounting for 30.2% of all young tech companies in the nation and employing most of the ecosystem’s staff, a new report by Disrupt Africa, a local media
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World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups
The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent
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African Fintech Sector Attracts More Funding
The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised US$150 million in Series B funding – making it North Africa’s most significant funding to date. Participating investors led by
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Standard Chartered-Backed Solv Launches Its B2B Marketplace in Kenya
B2B marketplace Solv has launched in Kenya to enable micro, small and medium enterprises (MSMEs) to access credit, e-commerce and business services. Solv Kenya’s first product is supply chain financing, an invoice financing programme which facilitates connections and negotiations between
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10 Companies Awarded Kenya’s First Digital Credit Provider Licenses
The Central Bank of Kenya (CBK) announced that it has awarded licenses to 10 digital credit providers out of the 288 applicants who responded to its call for applications in March 2022. The announcement stated that all digital credit companies
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Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria
Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time to Africa, with a focus on South Africa, Kenya, and Nigeria. The three countries are said to account for 32
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Africa’s Demand for Payment Hubs Rises to Address the Continent’s Interoperability Gap
Africa is a world leader in mobile money, with Kenya and Ghana having the highest rates of mobile payment use in the world after China. The continent’s 55 countries are home to around 171 mobile money wallets, more than 1,000
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