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78 results for "finance"
Over one million Nigerians now own smartphones and have credit histories thanks to a company that ditched traditional banking rules. More than half are accessing formal credit for the very first time.
While Kenya's banking sector struggles with a 15.5% bad loan ratio, one micro-lender is achieving 92% on-time repayment by visiting every first-time borrower in person. 4G Capital's "touch-tech" approach is proving that relationship-based lending works, even in stressed markets.
Investment funds are pouring into AI-powered systems that catch plastic waste in Asian rivers before it reaches the ocean. The shift mirrors how renewable energy transformed from charity projects into a trillion-dollar industry.
Kenya's Central Bank is rewriting its banking laws to finally welcome fintech companies into the regulated fold. The move could end years of uncertainty that kept promising startups in legal limbo while banks and telcos dominated.
Middle Eastern countries are emerging as major players in African clean energy, committing over $175 billion since 2010 to help power a continent where 600 million people still lack reliable electricity. Unlike traditional aid, these investments focus on partnerships and direct project funding rather than debt-heavy loans.
The International Finance Corporation just invested $228 million in Egypt to boost green energy, healthcare, and small businesses. The funding will create jobs while helping the country tackle climate change and support women entrepreneurs.
Nigerian President Bola Tinubu just ordered all oil and gas revenues to flow directly into public accounts, ending a system where state oil companies kept billions for themselves. The sweeping reform aims to ease budget pressures across federal, state, and local governments.
A Nigerian state bank just secured ₦2.2 billion to help families buy homes with 20-year loans at rates far below typical lending costs. The program is already putting families in homes they thought were out of reach.
Banks across Africa are stepping up to finance cross-border commerce as the continent's free trade zone transforms from ambition into reality. With new platforms connecting businesses and billions in deals on the horizon, Africa's economic renaissance is gaining momentum.
Vietnam's green finance sector is exploding, with sustainable business loans reaching $28 billion and growing 21% annually as companies race to build a cleaner future. Banks and businesses are turning eco-friendly promises into real action, creating a new engine for the country's economic growth.
Norway and Zambia just signed a groundbreaking climate partnership that pays for verified renewable energy delivered to Zambia's power grid. This innovative carbon credit agreement could unlock millions in clean energy investment while reducing the country's reliance on coal and diesel.
A major wind farm in Sweden just locked in the financing it needs to deliver clean power to thousands of homes by 2028. The project includes a cutting-edge battery system to make renewable energy more reliable.
A finance innovator who works with the world's largest wealth funds says the climate movement's demand for perfection is blocking billions in funding for the industries that need to change most. Her solution? Work with polluters instead of freezing them out.
Peter McNiel nearly quit coaching to pursue a stable career in finance. His decision to stay just led Australia to its most successful Winter Olympics moguls team in history.
Nigeria's government just launched a new fund offering affordable loans to over 6,000 young business owners who've completed specialized training. The GROW Fund bridges the gap between skills and capital, tackling one of Africa's biggest barriers to youth entrepreneurship. #
Kenya just opened Africa's first national carbon registry, a breakthrough system that could help the continent claim its fair share of the $2 billion global carbon market. The platform tracks every carbon credit project, prevents fraud, and ensures local communities actually benefit from climate action.
A member of parliament in Ghana just launched a fund that will give interest-free loans to 5,000 women-owned businesses over the next three years. The first 23 women's groups in Tamale North already received their loans on Valentine's Day.
A member of parliament in Ghana just committed $1 million of his own money to help 5,000 women grow their small businesses without paying a cent in interest. The OH-WE Fund targets petty traders selling street food and essential goods, giving them a real shot at financial independence.
Kenya secured 50 German-backed startup deals over the past decade, leading Africa's $1.88 billion innovation boom. The surge reflects growing confidence in African tech solving real problems in agriculture, finance, and healthcare.
A digital bank just proved you can grow your business and slash your carbon footprint at the same time. Atom Bank cut operational emissions by 22% while lending balances jumped 29% and customer numbers climbed 19%.
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