The Empower Africa Business Platform is Now Live !!!
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.
“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.
Egyptian semiconductor startup InfiniLink has raised $10 million in seed funding to accelerate the development of its energy-efficient optical connectivity solutions, designed for artificial intelligence (AI)- powered data centres.
Propel, a Nigerian talent-matching startup that builds sustainable talent pipelines for communities, has raised $2.74 million in seed funding
Swedfund, Sweden’s development finance institution, has committed $10 million to Novastar Ventures’ Africa People + Planet Fund III (NVIII), a venture capital fund targeting early-stage businesses in Africa.