Day: November 13, 2025

IFC Extends $10 Million Loan to Lula to Expand Financing for South Africa’s Small Businesses

Nov 13, 2025

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by

Fred Kennedy

in New Investments

The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
Vodacom Strikes Landmark Deal With Starlink to Expand High-Speed Internet Across Africa

Nov 13, 2025

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by

Fred Kennedy

in Key developments

South Africa’s pan-African operator Vodacom Group has announced a major new agreement with Starlink, the satellite broadband service developed by SpaceX, to bring high-performance internet connectivity across the African continent, including to underserved rural regions.