This latest commitment from BII follows the fund’s initial close last year, which saw it raise $140 million from a diverse range of international and African investors.
If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.
The Averroès Fund of Funds operates as an intermediary, strategically investing in various African-based funds rather than directly into individual companies.
Egyptian fintech startup Bokra has secured a crucial operating licence from the country’s Financial Regulatory Authority (FRA), marking a significant step for the Sharia-compliant investment platform. The approval comes roughly a year after the company raised $4.6m in a pre-seed funding round, indicating rapid...
If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.
