Africa CEO Voices News - Midweek 28

• Dahabshiil , M-PESA Ethiopia partner for easier money transfers to Ethiopia

ETHIOPIA – ?African money transfer company Dahabshiil has allied with M-PESA Safaricom-Ethiopia to facilitate remittances for the Ethiopian diaspora resulting in quicker transactions and increased security.?.?.?MORE

• Prembly merges with Kenya’s identity startup Peleza

NIGERIA – Kenyan digital verification startup Peleza has merged with US-based digital security platform Prembly to start a new venture offering advanced solutions for businesses.?.??.?MORE

• WTO partners African Export-Import Bank (Afreximbank) to promote Africa’s trade sector

AFRICA — Afreximbank has signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts to promote global trade, leveraging Africa’s unique resource endowment.?.?.??MORE

• Octoco acquires software company Polymorph

SOUTH AFRICA – Polymorph, a software product development consultancy, has been acquired by Tech company Octoco based in Stellenbosch, South Africa?.?. .??MORE

• Fintech JUMO partners Standard Bank Group ?

UGANDA — Standard Bank and banking technology company JUMO have collaborated to offer an innovative financing solution that allows Ugandan entrepreneurs with restricted access to funding to obtain credit for business growth.?.?.?MORE

• Faulu Microfinance Bank secures US$7M boost?

KENYA – Faulu Microfinance Bank has received over US$7.01M from its parent company, Old Mutual, to strengthen its operations and reposition its business model for long-term growth.?.?.?.MORE

• GSI invests in AECID to invest in African companies

AFRICA – Global Social Impact Investments (GSI), an impact investment fund manager, announced US$16.24m investment from the Spanish Agency for International Development Cooperation (AECID)?.?. .?MORE

• Urban Resilience Fund secures US$32M from Swedfund?

AFRICA – Swedfund has invested US$32.48m in The Urban Resilience Fund (TURF), managed by Meridiam, to address the pressing challenges of climate change and urbanization in Africa, primarily in sub-Saharan Africa.?.?. ?MORE

• South Africa’s Immobazyme raises US$1.3M?

SOUTH AFRICA — Immobazyme, a precision fermentation startup from Stellenbosch University, has secured US$1.3 million in its latest funding round.?. .?MORE

• TymeBank appoints Karl Westvig as new CEO

SOUTH AFRICA – TymeBank, a South African digital bank, appointed Karl Westvig as its new Chief Executive Officer (CEO) effective October 1, 2024.?. .??MORE