Africa

Global development finance coalition commits over US$5.5 billion for MSME financing in Africa 

The  coalition for a sustainable and inclusive recovery of the private sector – an international group of 20 development finance institutions that came together in 2020 – has announced commitments of over US$5.55 billion of financing to micro, small and mediu...

BFS goes live on Temenos SaaS to deliver finance faster

Temenos, the banking software company, has announced that Barko Financial Services (BFS), a South Africa-based microfinance institution, has gone live on Temenos Software-as-a-Service (SaaS) to make it faster and easier for South Africans to access finance...

Blockchain is propelling finance, trade and government initiatives in Africa

Blockchain is a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A Blockchain functions as a decentralised database that is managed by computers belonging to a peer-to-peer (P2P) network. Industry experts...