The Empower Africa Business Platform is Now Live !!!
Their new virtual card program empowers both consumers and businesses to embrace the digital future, paving the way for financial inclusion and a thriving online economy.
Consumers can enjoy seamless online purchases, entertainment subscriptions, and more, while startups and small businesses can operate with enhanced flexibility and efficiency.
“This program addresses a crucial need in our country,” remarks Karim Nouri, GM of Illicocash.
“As a pioneer in digital payments, we’re proud to partner with Mastercard to expand financial access for the unbanked and underbanked through this innovative solution.”
For Mastercard, this partnership aligns perfectly with their global mission.
“Building a more inclusive digital economy is our top priority,” emphasizes Jean-Charles Yallet, FSSA Country Lead for MENA West at Mastercard.
“By working with local fintech leaders like illicocash, we can empower millions in the DRC and beyond to embrace the benefits of digital transactions.”
The virtual card program boasts two key advantages: speed and universality.
Cards can be issued quickly and easily, eliminating lengthy application processes. Additionally, they work seamlessly across both domestic and international websites, opening doors to a vast online marketplace.

The Mastercard Africa Growth Fund has announced investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund.

African electric mobility company Spiro has raised $215 million in fresh funding to accelerate the expansion of its electric vehicle ecosystem and battery-swapping infrastructure across the continent.

Incofin Investment Management, through the Nutritious Food Financing Facility (N3F) and in partnership with the Global Alliance for Improved Nutrition (GAIN), has invested in three food companies in East Africa: Soy Afric in Kenya, and Mkuza Chicks and Rainbow Haulage in Tanzania, to boost nutrition and food security in the region.