The Empower Africa Business Platform is Now Live !!!
This new partnership will unlock greater access to credit for underserved SMEs.
APC specializes in offering medium to long-term loans, particularly to businesses that struggle to secure financing from traditional institutions due to a lack of collateral.
Oikocredit’s investment will allow APC to expand its lending activities, reaching a wider range of companies in various African countries.
“We’re proud to partner with Oikocredit,” said Kouraiech Belhajali, CEO of APC.
“This funding will enable us to continue supporting underserved businesses in Africa, extending our reach and target market. With this capital injection, we aim to significantly enhance our impact on economic growth, job creation, and financial inclusion.”
Lewis Nyaga, an investment officer at Oikocredit, echoed the sentiment saying:
“We’re thrilled to announce this partnership with AfricInvest and this crucial debt facility designed to strengthen African SMEs.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.
DisrupTech Ventures, a fintech-focused investment firm based in Egypt, has made its first investment outside Egypt by backing Nigerian startup Winich Farms. The funding is part of Winich’s pre-Series A round.
Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.