Branch, a quick loan application platform and one of the most downloaded finance app in Africa, has announced a new global partnership and investment from Visa. Also, the company recently announced the close of its Series C financing, a $ 170 million round of investment led by Foundation Capital and Visa. Also, existing investors, Andreessen
The African Export-Import Bank (Afreximbank) has made case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). The Managing Director of the Intra-African Trade Initiative at Afreximbank, Kanayo Awani, said this recently during a factoring promotion
The jump of 64 per cent in financing cost affected the profitability of Honeywell Flour Mills Plc (HFMP) for the year ended March 31, 2018. Although the company recorded a growth of 34 per cent in revenue, it ended the year with a marginal growth of 2.8 per cent in profit after tax. However, the
The small and medium enterprises in the private sector of the economy are set for a boost as SunTrust Bank and two others recently in Lagos signed a financing memorandum of understanding (MOU) with the Islamic Corporation for the Development of the Private Sector (ICD). The Islamic Corporation for the Development of the Private Sector
