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 United Nations Development Programme (UNDP) has partnered with African governments and private sector leaders to launch a groundbreaking initiative aimed at supercharging innovation and entrepreneurship across the continent.
d.light, a leading provider of solar-powered solutions, has secured $7.4 million in financing to advance their Pay-Go service and broaden access to solar products for low-income households in Nigeria.
South African fintech startup Happy Pay has secured R32 million ($1.8 million) in pre-seed funding to fuel its growth and expand its Buy Now, Pay Later (BNPL) offerings.
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