Tag: Uganda

Premier Credit Uganda, a licensed microfinance institution and subsidiary of The Platcorp Group, has raised $1.5m from Swiss impact asset manager Enabling Qapital to expand its operations and further its mission of driving financial inclusion across the country.

Furaha, a purpose-driven lending platform headquartered in Dubai International Financial Centre (DIFC), has announced its mission to enhance financial inclusion across sub-Saharan Africa.

On 23 April 2024, the Organization for Economic Co-operation and Development (OECD) published a pivotal update, listing jurisdictions newly committed to the Automatic Exchange of Information (AEoI) and CRS Reporting. Taina Tech, which offers a fully automated FARCA and CRS validation platform, has recently commented on what these changes mean. 

Beyond Capital Ventures (BCV), an esteemed venture capital firm focusing on emerging markets, has made a strategic investment in Zanifu. Zanifu is an innovative financial services platform that champions small retailers across Africa.

Uganda-based digital lending platform Numida has reportedly raised $12.3m in its pre-Series A funding round, which comprised of equity and debt.

South Africa-based Yellow, which offers energy financing products to low-income households in Africa, has reportedly collected $20m in debt funding.

Uganda-based FinTech platform Numida has reportedly scored $2.3m in its seed funding round, which will help it expand across West Africa.

British multinational bank Standard Chartered has inked a deal with telecom company Airtel Africa to boost financial inclusion across Africa.

Ugandan neobank Eversend has reportedly closed an oversubscribed crowdfunding campaign on Seedrs.

Digital payments and trading on the stock exchange has been suspended in Zimbabwe in response to what President Emmerson Mnangagwa’s government called “criminality and economic sabotage," Reuters reported.