(Ecofin Agency) - Moroccan startups with less than 18 months of activity and those with more than 3 years of recurring sales will benefit from a total of MAD350 million ($35.6 million) from development banks, banking groups, and insurance companies.
Africa Link Special Reports
(Ecofin Agency) - The Central Bank of Ghana (BoG) has postponed the implementation of the minimum capital requirement for electronic payment service providers to 31 December 2020. The measure, which was scheduled for 30 June at the latest, was reviewed due to the impacts of the current Covid-19 on economies and investments.
TOGO: Ecobank Group, the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of the Ecobank Fintech Challenge. The Fintech Challenge gives African start-ups the opportunity to promote their fintech solutions, and potentially partner with Ecobank to roll-out their solutions across Ecobank’s 33 markets in Africa as well as France.
Initiative builds on current efforts to disseminate health messages through the joint WHO-ITU BeHe@lthy BeMobile initiative
SWITZERLAND: The World Health Organization (WHO), the International Telecommunication Union (ITU), with support from the United Nations Children's Fund (UNICEF), are set to work with telecommunication companies to text people directly on their mobile phones with vital health messaging to help protect them from COVID-19. These text messages will reach billions of people that aren’t able to connect to the internet for information.
NIGERIA: Ringier Africa Digital Publishing (RADP.Africa), an Africa’s media groups is unifying its assets across the continent to form one integrated media company under the name Pulse.
(Ecofin Agency) - West Africa recorded $10.2 billion in private equity transactions between 2014 and 2019, ahead of all other African regions. Overall, the continent had 1,046 PE transactions over the period for an amount of $25.3 billion, according to the African Private Equity and Venture Capital Association (AVCA).
President Cyril Ramaphosa on Thursday slammed remarks made by South Africa's last apartheid-era leader, F.W. De Klerk, saying it was "treasonous" to deny race segregation was a crime against humanity.