Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible
Gregory Johnson, co-founder of mPharma, left behind a promising career at Google to return to Africa and confront the challenges in healthcare head-on.
This marks the fourth develoPPP Ventures cohort in Ghana, reflecting BMZ’s ongoing commitment to fostering local innovation and sustainable economic growth in emerging markets.
The fund, announced at the Future Investment Initiative summit in Saudi Arabia, will focus on key startup hubs across Africa, including South Africa, Nigeria, Kenya, Ivory Coast, and Egypt.
“With the rise of e-commerce, it’s essential to have a system that guarantees efficient last-mile delivery. Our solution ensures accurate identification, while helping the country meet Know Your Customer (KYC) requirements for banking services."
The move marks a strategic ownership shift as the platform continues to gain traction in Morocco’s expanding digital economy and pursues ambitions for regional growth.
Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.
Currently, FMCG products make up over 30% of Tendo's sales volume, and the company sees this figure growing as it capitalizes on Shopa's established network of FMCG distributors.
Originally launched in 2017 across seven African countries, including Côte d’Ivoire, Senegal, Burkina Faso, Guinea, Ghana, Madagascar, and Cameroon, YUP was Société Générale’s attempt to penetrate Africa’s fast-growing mobile payments market.
Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible