Analysis & Features
DTB commits to grow green lending to 25% of loans and achieve net zero carbon neutrality by 2030
Bank also targets net zero carbon emissions in seven years, to grow 10 million trees by the same time. [c]
loans
Analysis & Features
Ramani to use new $32 million investment to expand, offer micro loans to distribution partners
Ramani, the Africa-based software company building a cloud network of micro-distribution centres for the continent’s $1 trillion consumer-packaged goods supply chain, has announced the close of its $32million series A round of equity and debt. [c]
Analysis & Features
KCB screens Kshs 336 billion worth of loans for climate-related risks as it cuts carbon footprint
KCB Bank has screened loans worth over Kshs 336 billion for social and environmental risks while increasing its green portfolio in the past two years, bolstering its push for sustainable finance. The Bank has also [c]
Analysis & Features
Agriculture at the heart of Equity Bank’s financial model
The current global economic crisis has led to a sharp increase in food prices and is a stark reminder of the importance of increasing our food production capacity and reducing reliance on global supply chains [c]
Analysis & Features
Fuliza to attract no maintenance fees for first 3 days for loans below Kshs 1,000
Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee [c]
Analysis & Features
Trade Assist solution enabling South Africa’s traders to get loans and buy stocks
The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, [c]
Analysis & Features
KCB to disburse Kshs 800 million in loans to MSMEs and cooperatives in Nakuru County
KCB Bank Kenya has set aside at last Kshs 800 million to support thousands of Micro, Small and Medium Enterprises (MSMEs) and cooperatives in Nakuru County to help them weather the effects of the COVID-19 [c]
Analysis & Features
Where will you go when banks don’t offer loans anymore?
There are few people who are ready to make major purchases with their own assets alone. That is perfectly normal since that is what loans are for, aren’t they? However, what if you have tried [c]
Analysis & Features
Asilimia secures $2 million to build financial infrastructure of Africa’s informal economy
Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in [c]
Analysis & Features
Absa Bank, Melanin Kapital in deal to offer unsecured loans to startups
Absa Bank Kenya has partnered with Pan African impact investment platform – Melanin Kapital – to launch an investor readiness program that places startups driving social impact on the path to accessing up to Kshs [c]
CSR
Vodacom’s new unit, VodaLend, to offer cash advance services to South Africa’s SMEs
Vodacom Financial Services has announced its latest lending product, VodaLend | Business Cash Advance, which provides finance to smaller unregistered businesses in need of quick access to short-term cash advances. Offering finance between R3,000 (about [c]
News
University students to access their HELB loans via their M-PESA mobile wallets
Safaricom has partnered with the Higher Education Loans Board (HELB) to roll out a smart mobile payment solution for students of tertiary institutions to access and utilise their loans and bursaries. The solution will aid [c]