Africa’s mid-market businesses, the backbone of the continent’s economic growth, can find themselves trapped in a financing void. With annual revenues typically surpassing $10 million, these companies find themselves in a precarious position – too large for microfinance, yet too small or risky for traditional banks.
While financial inclusion is growing in importance worldwide there is still a discrepancy between male and female financial inclusion – the so-called gender financial inclusion gap.
In this piece, Hortense Mudenge tells how financial inclusion can be a game-changer for African women across the informal economy.
The article delves into the dynamics of Africa’s payment ecosystem, highlighting the unique challenges faced in the continent, particularly in the Democratic Republic of the Congo (DRC).
The thought leadership penned by the COO of RFL, Hortense Mudenge, on the importance of female-focused investment and how it can drive Africa and its fintech space forward.
Africa is well positioned to become the global breadbasket; with 60 % of the world’s unused cropland spread across the continent that can be used for farming, it has the potential to emerge as a major food supplier.
The Summit brought together the best and brightest minds in the banking, financial services, fintechs and techfin sectors. The event, which took place on 7th March 2023, featured insightful speakers, award-winning companies, and top-notch sponsors. Attendees were treated to a range of informative sessions, covering topics such as digital transformation, cybersecurity, and risk management. The […]
On August 30th, the SIBC officially launched its 6th edition, welcoming the 43 entrepreneurs selected for the 2022 cohort. These social and inclusive entrepreneurs were chosen among more than 380 applications across Africa to participate in an intensive program aimed at preparing them for scaling up, through training, mentoring, peer-to-peer exchanges and meetings with investors. To contribute to […]
Access to finance for MSMEs in Somalia has become an issue since the state lacked an effective government to cater for the financial services. Therefore, the willingness to offer such exceptional services became paramount, leading to the emergence of private financial institutions in Somalia. A decade ago, a group of Somali businesspeople started financial institutions in Somalia to provide commercial financial services […]
Uganda is a country situated in East-Central Africa with a potential of 42 million forex traders characterized by high diversity in terms of ethnicity and politics. As you may already know, its financial system consists of informal, formal, and semi formal institutions. Insurance companies, banks, and capital markets are examples of formal institutions, while loan […]