The Empower Africa Business Platform is Now Live !!!
Cameroon-based fintech startup Nkwa App has raised $15,000 in Seed Funding to accelerate financial inclusion and promote a saving culture
The funding came from local angel investors called Cameroon Angels Network (CAN). Launched in 2020, Nkwa allows its users to regularly save money directly from their mobile phones simply and more safely for their future projects. The startup, which is supported by Cameroon’s Ministry of Finance, plans to invest the latest round of funding in onboarding more customers and scaling operations. Nkwa was among 15 African fintech startups selected to participate in the fifth edition of “CATAPULT: Inclusion Africa,” organized by the Luxembourg House of Financial Technologies (LHoFT) last October.
OX Delivers, a British e-mobility transport service, has secured a £1.2 million ($1.5 million) grant from Energy Catalyst, an Innovate UK program.
Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.
British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.