New Investments
Uganda’s Agent Banking Company (ABC) Secures Investment from Goodwell Investments
The investment will fuel ABC’s growth plans, including expanding its client base, increasing agent coverage, and introducing new financial services.
ABC, established in 2017, is a licensed Payment Systems Operator focused on providing accessible financial services to underserved communities in Uganda.
Richard Jabel, ABC’s CEO, expressed his enthusiasm for the partnership, stating that the investment will enable the company to further enhance its services and improve access to basic financial services through mobile phones, agents, and merchants.
Goodwell’s investment comes at a time when Uganda’s financial technology landscape is experiencing rapid growth.
Other notable payment providers, such as Flutterwave, eTranzact, and NALA, have also secured licenses to operate in the country, indicating a growing demand for digital payment solutions.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like...
Summit Africa Launches Private Equity Fund with $20 Million Anchor Investment from BII
Summit Africa, a South African fund manager, has launched its second private equity fund, Summit Private Equity Fund II (SPEF II), with an initial $20 million anchor investment from British International Investment (BII), the UK’s development finance institution and impact investor.
Village Capital and Standard Chartered Partner to Invest in Women-Led Startups in Africa
In a pivotal move to address the gender funding gap in Africa’s entrepreneurial landscape, Village Capital and Standard Chartered Bank have joined forces to launch a pilot financing facility.
Ethiopian Upcycling Startup Kubik Raises $1.9 Million For Scaling
Kubik, an Ethiopian innovator in plastic upcycling for construction, has secured an additional $1.9 million in seed funding.