Fintech M-KOPA raises $250m to scale across Africa
With the new funding, the business aims to grow its smartphone services, expand its model to new markets and extend its financed product set.Cape Town correspondent
Airtel Africa borrows US$194m to drive up subscription
Operator confirms loan facility through IFC to support investments in several new countries.
IFC backs WIOCC Group expansion with US$30m investment
Investment to support WIOCC Group’s continued rollout of terrestrial fibre-optic networks, in new subsea cables, and open-access core and edge datacentre infrastructure.
West Africa’s Rack Centre racks up additional certification
Carrier neutral Tier III constructed datacentre achieves ISO 45001 certification.
Rack Centre racks up IFS EDGE certification
Company asserts it is the first datacentre with this certification in EMEA.
Why African SMEs aren’t buying into digital banking services
Research by African Banker magazine and banking platform Backbase cites cost, complicated onboarding processes and a lack of required skills.
Airtel Africa requests US$194m from IFC to invest in network expansion
Company looks to invest in network infrastructure across seven subsidiaries and also to refinance existing loans.
IFC invests in AXIAN Telecom to capitalise on Africa’s mobile growth
IFC is an anchor investor with a total issuance of US$420-million in AXIAN Telecom maiden bond.
SSA faces connectivity predicament as Meta winds down Express Wi-Fi
Programme was meant to bridge the internet gap in Africa where internet connectivity remains low.
TradeDepot’s US$110m ‘Buy-Now-Pay-Later’ push to African retailers
New funding will support the expansion of the merchant platform into new cities.
IFC confirms investment in Liquid to boost tech infrastructure across Africa
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.
Innovation on Africa’s terms
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.