Rack Centre racks up IFS EDGE certification

Research by African Banker magazine and banking platform Backbase cites cost, complicated onboarding processes and a lack of required skills.

Company looks to invest in network infrastructure across seven subsidiaries and also to refinance existing loans.

IFC is an anchor investor with a total issuance of US$420-million in AXIAN Telecom maiden bond.

Programme was meant to bridge the internet gap in Africa where internet connectivity remains low.

New funding will support the expansion of the merchant platform into new cities.

IFC’s latest investment in Liquid follows its investment in the company in February 2021 through Liquid’s bond placement on Euronext Dublin, Ireland’s main stock exchange.

Africa will be well-placed to take its place among the world’s technological and innovation leaders says Ndagi Job Goshi, General Manager, Liferay Africa.

PPPs would work well for the project and benefits would be felt throughout the economies of the newly connected nations say industry experts.

Telecommunications services provider gets backing from International Finance Corporation.

Biggest challenges accounting for the SME lending gap are: credit risk, external environmental risk, and technology adoption says Arnold Kavaarpuo, Country Manager, JUMO in Ghana.

Connectivity supports economic growth and job creation, says the development institution, which wants to connect more African homes and businesses.