Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

DFC and Mastercard Team for Financial Inclusion in Africa
DFC and Mastercard Team for Financial Inclusion in Africa
December 16, 2022  |  Financial Inclusion

The U.S. International Development Finance Corporation (DFC) plans to further financial inclusion in Africa. The initiative, which was announced at the U.S.-Africa Leaders Summit Friday...

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Visa to Invest $1B in Africa’s Digital Transformation
Visa to Invest $1B in Africa’s Digital Transformation
December 14, 2022  |  Investments

Visa has pledged to invest $1 billion in Africa to accelerate digital transformation. The announcement was made during the U.S.-Africa Business Forum in Washington Wednesday...

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Middle East Becomes IPO Oasis Amid Cooling Financial Markets
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
December 14, 2022  |  IPO

The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs) in that part of the world...

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Platforms Give Nigerians Access to Less Volatile Foreign Investments
Platforms Give Nigerians Access to Less Volatile Foreign Investments
December 13, 2022  |  Investments

African FinTech platforms that connect investors to international markets are on the rise. Leading the charge are a handful of Nigerian startups that have built...

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African eCommerce Hub Jumia Closing Dubai Offices to Cut Costs
African eCommerce Hub Jumia Closing Dubai Offices to Cut Costs
December 04, 2022  |  Europe

eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after...

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African Startups With Ties to FTX Face Heavy Losses, Uncertain Future
African Startups With Ties to FTX Face Heavy Losses, Uncertain Future
November 28, 2022  |  Cryptocurrency

Prior to its dramatic collapse earlier this month, the Bahamas-based cryptocurrency exchange FTX was preparing to debut an Africa-focused version of the platform that would...

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Mobile Loans Keep Africa’s Semiformal Economies in Business
Mobile Loans Keep Africa’s Semiformal Economies in Business
November 23, 2022  |  Disbursements

Solopreneurs and micro-businesses are the lifeblood of Africa’s informal and semiformal economies, but when it comes to accessing working capital loans, they are typically underserved...

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Leta Raises $3M for African Supply Chain Optimization Platform
Leta Raises $3M for African Supply Chain Optimization Platform
November 23, 2022  |  Supply Chain

Kenyan supply chain and logistics tech startup Leta announced the close of a $3 million pre-seed equity round in a Wednesday (Nov. 23) press release....

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Autochek Expands Vehicle Financing Access in Africa With New Platform
Autochek Expands Vehicle Financing Access in Africa With New Platform
November 22, 2022  |  Europe

South Africa’s car buying market will get more financing options, thanks to automotive technology company Autochek’s new service. In a Tuesday (Nov. 22) press release,...

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