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4 Ways Cloud Computing Is Beneficial For Your Business

In today’s world, the single most influential thing that has played a key role in putting businesses to the heights of success is technology. It doesn’t matter which industry you belong to or whether you are a small business or a large corporation; you need to make use of technology. Since cloud computing has been made available to the world, businesses have made quite some use of it to optimize their dealings. As it offers a lot of solutions, going for cloud computing is a great way to run a business. In this article, I am going to highlight four ways a business can use...

Kenyan Bus Management Startup Data Integrated Secures Funding Via Bond Issuance From Toyota Tsusho

Toyota Tsusho has invested in “Data Integrated,” a startup that develops and provides operation management systems for bus operators in Kenya. The company collects bus location information in real time and provides it to businesses and passengers. Toyota Tsusho will support the digitization of bus traffic in Kenya, where it is difficult to understand the operation status. “We are very happy to welcome mobility54 a Toyota group of companies as an investor and partner,” said CEO and founder, Data Integrated, Mary Mwangi. Here Is What You Need To Know Toyota purchased Data Integrated’s convertible bonds (convertible bonds = CB) through its subsidiary CFAO, a French trading company, and Mobility 54, an investment company...

The Five Hidden Secrets For Investing Success

One of the popular questions I get asked all the time is this; how do I invest for financial success or how do I make wise investment decisions. Today I will show you how to invest for long-term financial success. There is the right way to invest and there is also a wrong way to invest. The right way leads to financial success and the wrong way leads to financial failure. This means that the same investment vehicle can make you rich and it can also make you poor. I know this because there is virtually no person that I know today who has not...

Government Launches A $343m Credit Guarantee Scheme For Businesses

The government of Ghana has launched a GH¢2 billion ($343m) guarantee scheme to support universal banks in the country to offer financial support to small and medium enterprises (SMEs) for them to recover from the COVID-19 shocks. The Ghana Care Guarantee Scheme (GCGS), to be administered by the Ghana Incentive-based Risk-sharing System for Agricultural Lending (GIRSAL), is to help SMEs to borrow from banks at lower rates and with longer tenor. Read also: 5 Nigerian Startups Selected To Join 7 Others At The Africa Tech Summit Connects (ATS) The GIRSAL is a non-bank financial institution incorporated as a private company by the Ministry of Finance, with seed funding from the...

Why London’s Calling For The FinTech Industry

The year 2020 was going to be a wild ride for London’s financial services firms even without COVID-19. After all, Brexit was set to move from a theoretical change to a concrete reality, changing the rules for financial services players all over the country as well as for those on the continent. But add a pandemic to the mix and things got tumultuous pretty fast, Plaid U.K. Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. But the panelists agreed that, such challenges aside,...

Carscan Secures Funding From Leading SA VC Investors

A cutting-edge South African tech startup, Carscan, has secured an undisclosed amount of investment funding from Kalon Venture Partners, IDF Capital, and a private investor. An automotive industry disrupter Founded by Obins Choudhary and Chander Prakash, Carscan has created an innovative service that allows users to track the condition of their vehicles. With its augmented reality platform that utilises visual AI technology, Carscan is able to provide an accurate, reliable, agnostic, complete, and traceable digital record of a car. As a tech-focused startup in the automotive industry, Carscan is disrupting the industry as it changes how stakeholders and consumers interact. Offering a range of services, Carscan assists the automotive industry to buy,...

Kenya’s KCB Bank Secures US$ 150m From IFC For SME Lending

KENYA – KCB Bank Kenya has received an approval for US$150 million from the International Finance Corporation (IFC) to increase lending to small and medium enterprises and green lending. According to a statement by the Kenyan lender, the facility will help develop green lending and create employment opportunities for women as it embeds environmental sustainability in its growth strategy, portfolio and operations. Read also: Banking License Handed To New Fintech – FX Firms Should Go This Route “This financing is aligned with our green financing goals and will also enable us to expand our financing to SME and special market segments like women and youth-owned enterprises that are critical...

Motivating Trends: Building Small-Business Resiliency In A Pandemic

Covid-19 turned the world upside-down in March and businesses of all sizes were presented with never-before-seen-challenges. The way we work, sell, service and market to customers has forever changed. Six months later, how are growing small- and medium-size businesses (SMBs) handling the new economy? Join us for a free webinar, Motivating Trends: Building Small-Business Resiliency in a Pandemic, to find out. During this live conversation, we’ll uncover data-backed insights and strategies from new research gleaned from more than 2,000 SMB leaders from around the world. Read also: How To Perfect Your Fintech Story And Close Your Next Funding Round Journalist and CultureBanx CEO Kori Hale will interview renowned keynote speaker, futurist, award-winning author, and Global Innovation...

Optimizing Smallholder Investment In The Oil Palm Sector

Palm oil is of strategic importance as it is used in the production of more than half of the products sold in supermarkets globally. Nigeria is the largest consumer of palm oil in Africa with a population of approximately 200 million people (World Bank, 2019). The nation consumed approximately 3 million MT of fats and oils in 2018, with palm oil accounting for 70% or 2.1 million MT. In the same period, local production stagnated at 1.02 million MT resulting to supply shortfall of 1.1 million MT. To meet this supply gap, the country has depended on importation over the years with hundreds of thousands of...

Nine African Solar Companies Secure $2.6 million In Grants From Power Africa

Power Africa has announced the disbursement of $2.6million in grants to solar companies to provide off-grid electricity to 288 healthcare facilities across sub-Saharan Africa. “These grants demonstrate the Power Africa model in action. We use a modest amount of public funding to de-risk the transaction, thus opening the door for private investment,” Lead for Power Africa’s Beyond the Grid initiative David Stonehill.  Read also: Kenyan Digital Addressing Startup OkHi Secures $1.7m Funding From UK Angel Network Here Is What You Need To Know Stonehill said USAID through the grants is investing in a set of pilot projects that demonstrates how healthcare electrification can be delivered in a commercially sustainable manner, with strong...

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