Mobile Lending Platform Branch International Secures $170m Financing

Posted by - April 9, 2019

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

Afreximbank Proffers Factoring to Ease Access to Financing for SMEs

Posted by - March 20, 2019

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

SunTrust Bank, others Sign Financing Agreement with ICD

Posted by - March 29, 2018

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