Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.
Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.
The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
The gap between that announcement and this week’s grant disclosure illustrates how slowly large development-finance vehicles translate into founder-facing capital in Africa’s largest economy.
