IFC Invests in Mobile Money Firm Wave to Boost Access to Digital Financial Services in West Africa
To spur financial inclusion and support economic growth in Senegal and Côte d’Ivoire, global development institution, IFC has announced an investment in Wave Mobile Money S.A. (Senegal) and Wave Côte d’Ivoire S.A., mobile money firms that are helping lower prices and expand services in the region. The investment from IFC and other lenders will help Wave substantially grow…
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Nigerian Fintech, Moove, secures $20 million credit from British International Investment
British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, has announced a $20 million, 4-year structured credit investment in the Nigerian mobility fintech firm democratising access to vehicle ownership in Africa, Moove. The investment is said to reflect BII’s focus on mobilising capital to build self-sufficiency and market resilience in Nigeria…
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Exploring Fintech For Resilience
Panel session at Africa Tech Summit Nairobi Exploring Fintech for Resilience. The panelists discuss the impact FinTech has had on the climate risks faced by households and small businesses across the continent, and what affordable and accessible solutions are available for these vulnerable communities. Panelists Emilie Blauwhoff, Co-Founder & COO – TopUp Mama Dave Okech,…
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Safaricom partners with Visa to provide virtual cards for global transactions
Kenya’s biggest telecommunications operator, Safaricom, has launched a virtual payment card with Visa Inc, offering the more than 30 million users of its M-Pesa payments system access to global e-commerce platforms. The launch of the M-Pesa GlobalPay Visa virtual card follows a partnership between the two companies forged in 2020 to develop “products that will…
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