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July 26, 2019
On the web
Africell to Spend $100 Mln on Mobile Infrastructure, Fintech in Africa
Reuters
“African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and fintech services, its chief executive said on Friday. The 18-year-old company, which has 15 million subscribers across its four African operations, secured the loan in May from the Overseas Private Investment Corporation (OPIC), the U.S. government’s private investment fund. Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone. He also said it would help the firm expand fintech services, such as mobile payments, micro-insurance and micro-finance.”
May 1, 2018
On the web
Mastercard and Unilever bring digital lending to Kenyan micro-entrepreneurs
Finextra
“Following a pilot in Kenya, Mastercard and consumer goods giant Unilever are expanding a digital lending initiative designed to help micro-entrepreneurs in developing countries get credit. In Kenya, the two companies have launched Jaza Duka (‘fill up your store’), combining distribution data from Unilever and analysis by Mastercard, on how much inventory a store has bought from Unilever over time. “
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