IFC Supports Expansion of Financing for Kenya’s Small Businesses through the First Catalytic First Loss Guarantee Transactions in Africa

Posted on by kara | 1070 Views | 16 min read
IFC

IFC has committed its first transactions in Africa under the Catalytic First Loss Guarantee (CFLG) Program, unlocking a new pathway to finance for Kenya’s entrepreneurs. Through partnerships with 4G Capital, Equity Bank Kenya, and KCB Bank Kenya Limited, the initiative is expected to catalyze approximately $144.4 million equivalent in local currency lending to microenterprises, women-owned

UnionPay Drives Cross-Border Interoperability and Digital Commerce Infrastructure at the 7th Africa Fintech Forum

Posted on by kara | 5758 Views | 14 min read
Union

UnionPay International has actively participated in the premier 7th Africa Fintech Forum, held at the Villa Rosa Kempinski Hotel in Nairobi, Kenya. The strategic move signals a major milestone in solidifying its brand equity and expanding its footprint within the pan-African fintech ecosystem, while simultaneously accelerating digital payment innovation and scaling cross-border financial rails. As

NIFC Certifies New Wave of Strategic Firms as Kenya Accelerates Its Rise as Africa’s Premier Financial Gateway

Posted on by kara | 4927 Views | 20 min read
NIFC

NIFC (Nairobi International Financial Centre) continues to strengthen Kenya’s position as Africa’s leading destination for global capital by certifying a new cohort of firms spanning digital finance, climate and carbon markets, artificial intelligence, investment management, healthcare, fintech and capital markets innovation. The latest certifications add to the NIFC’s rapidly expanding and increasingly diverse portfolio of

Absa Bank Kenya and Unilever Roll Out KES 4 billion SME Financing Programme to Boost Supply Chains and Inclusive Economic Growth

Posted on by kara | 6766 Views | 11 min read
AB

Absa Bank Kenya and Unilever Kenya have signed an agreement for a KES 4 billion financing programme designed to address access to working capital, one of the most significant constraints facing distributors and retailers. The initiative is expected to strengthen Kenya’s consumer goods value chain while accelerating the growth of small and medium-sized enterprises (SMEs)

Yuno Partners with Onafriq to Unlock Pan-African Payments for Global Merchants

Posted on by kara | 18269 Views | 13 min read
Yuno

 Yuno, the global financial infrastructure platform, today announced a strategic partnership with Onafriq, the leading Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly 1 billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors — all through

Temenos and Interswitch Partner to Scale Digital Banking Services Across Africa

Posted on by kara | 19523 Views | 9 min read
Temeno

Temenos, a global leader in banking technology, and Interswitch Group, a leading integrated payments and digital commerce company in Africa, today announced a collaboration, wherein Interswitch will adopt Temenos technology to enhance its digital banking capabilities, supporting its growth and expanding access to modern financial services across the continent. Interswitch will use Temenos solutions –

Cross Switch Strengthens Senior Leadership Across The Board as Pan-African Expansion Accelerates

Posted on by kara | 10529 Views | 15 min read
Cross Switch

Cross Switch, the payment technology company driving digital transactions across emerging markets, has appointed four senior leaders since the turn of the year. Together, these arrivals deepen the company’s capabilities across technology, operations and regional growth. The appointments span the executive team and two key regional markets. Jacob Yermalitski, a co-founder, has been promoted to

AfCFTA Secretariat and Ecobank Group Sign Landmark MoU to Accelerate Intra-African Trade and Empower SMEs

Posted on by kara | 6589 Views | 14 min read
AfCFTA

AfCFTA (The African Continental Free Trade Area) Secretariat and Ecobank Group today announced the signing of a Memorandum of Understanding (MoU) aimed at deepening economic integration across the continent and closing the trade finance gap. The Agreement seeks to expand access to trade and finance opportunities for African businesses, with particular focus on Small and

Aurionpro Expands Its Multi-Country Transaction Banking Engagement With Diamond Trust Bank

Posted on by kara | 10019 Views | 10 min read
Aurionpro

Aurionpro Solutions Limited, a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries. This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience,

SQRIL launches stablecoin-to-fiat QR payments and mobile money in Tanzania, Kenya, and South Africa

Posted on by kara | 12038 Views | 7 min read
SQRIL

SQRIL, the leading cross-border QR code payment infrastructure for emerging markets, today announced its official expansion into Africa. Starting today, SQRIL’s API enables users to perform seamless stablecoin-to-fiat QR code transactions across Tanzania, Kenya, and South Africa, marking a major leap in financial interoperability for the continent. Building on its dominant presence in Southeast Asia and