• Citi and partners to provide $100m facility for African SMEs

    The UK's development finance institution (DFI) and impact investor, British International Investment (BII), has signed a $100 million risk-sharing supply chain finance facility with Citi to offer capital for small and medium firms in Africa. SME…
  • Fidelity Bank taps Union Systems for trade finance upgrade

    Fidelity Bank, a renowned financial institution in Nigeria, has chosen Union Systems Limited's KachasiTM Trade Finance Software and OptimusTM Corporate Portal to automate its trade finance activities. The bank's choice to work with Union Systems Limited…
  • Skaleet and Mobiblanc sign new deal

    Skaleet (www.Skaleet.com), an international fintech that provides a next-generation Core Banking Platform (CBP), said today that it has collaborated with Mobiblanc, an Agile Digital Services Enterprise (ESN), to provide turnkey solutions to financial institutions across…
  • ARDA stresses need for petroleum infrastructure

    Inadequate storage and distribution infrastructure, combined with rising population and energy consumption, may exacerbate the current energy crisis. Experts at the African Refiners and Distributors Association (ARDA) are particularly concerned about growing concerns about port congestion,…
  • Interswitch raises $110m from LeapFrog others

    Interswitch, an African payments firm, has received a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to expand its digital payment services across the continent, according to a statement released by the…