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TDB Secures $100 Million Funding from UK s BII to Boost African Economic Resilience

TDB Secures $100 Million Funding from UK s BII to Boost African Economic Resilience
techmoran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techmoran.com Daily Mail and Mail on Sunday newspapers.

BII Extends Finance Facility To Support Trade, Food Security In Africa

BII Extends Finance Facility To Support Trade, Food Security In Africa
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IFC, Equity Group expand partnership to support small business lending, climate-smart projects across Eastern and Central Africa

CDC Democratizes Open-source Data With Access Insights Platform

CDC Democratizes Open-source Data With Access Insights Platform By Soko Directory Team / Published April 19, 2021 | 12:07 pm KEY POINTS The platform launch will be followed by subsequent launches in Uganda, Sierra Leone, and Nigeria. CDC Group has announced the Access Insights Platform (AIP) launch – an open-source data visualization tool delivering key insights that enable businesses across multiple sectors to make data-informed decisions. The platform has been developed by Catalyst Off-Grid Advisors and is funded by CDC Plus, CDC Group’s technical assistance, and support facility. Tackling the challenge of handling data effectively and efficiently – the AIP aggregates key data sets, including geospatial mapping, census data, and business intelligence, on an easy-to-use public-facing tool.

European DFIs invest $100m in Equity Group

DEG, FMO, CDC Group and Team Europe have signed a $100m (Kshs 11bn) loan facility with Equity Group Holdings in its continued commitment to strategically walk with MSMEs during the COVID-19 pandemic. This is the fourth tranche for Equity Group after having signed a $50m (Kshs 5.5bn) loan facility with IFC in September; a $100m (Kshs 11.0bn) from Proparco in October and a €125m (Kshs 16.5 Billion) loan facility signed last week with the European Investment Bank to fortify credit flows and liquidity to MSMEs totaling Kshs 44bn. Supporting MSMEs is a long-term priority particularly as the segment remains under-financed and in need of patient capital.

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