Block Commodities & Wala to provide $10M in Dala token loans to smallholder farmers across Sub-Saharan Africa

Block Commodities & Wala to provide $10M in Dala token loans to smallholder farmers across Sub-Saharan Africa

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Block Commodities, Wala, a blockchain-powered financial services platform, and Dala, a cryptocurrency token issuer aim to bring blockchain-enabled financial services to farmers in developing markets. The initiative will see Block Commodities and FinComEco Joint Venture provide an equivalent of US$10M in Dala token loans to approximately 50,000 smallholder farmers across Sub-Saharan Africa, starting in…

Zuckerberg-backed Bridge International Academies to drop the ‘International’ and ‘Academy’ tags due to low standards

Zuckerberg-backed Bridge International Academies to drop the ‘International’ and ‘Academy’ tags due to low standards

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Zuckerberg-backed Bridge International Academies might remain closed for the new term in Uganda because they are not licensed and do not meet standards of academies or international schools. Mr Alex Kakooza, the Permanent Secretary at the Ministry of Education told Uganda’s Daily Monitor…

Online lender marketplace Borrocracy launches to match credible borrowers in Uganda to affordable loans

Online lender marketplace Borrocracy launches to match credible borrowers in Uganda to affordable loans

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Founded by Victor Kiruluta, Uganda’s Borrocracy is an online marketplace that matches credible borrowers in need of affordable loans with accredited financial service providers facilitating these loans at reasonable interest rates. Through the use of big data and machine learning processes, Borrocracy…

Uganda’s MamaOpe wins Pitch@Palace 2017 competitions

Uganda’s MamaOpe wins [email protected] 2017 competitions

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Uganda’s MamaOpe, a biomedical application for diagnosis and continuous monitoring of pneumonia patients has been declared winner of the 2017 [email protected] competitions beating Kenya’s Kuza Automotive and Nigeria’s Tuteria. Established by the Duke of York less than three years ago, [email protected] helps entrepreneurs to take…

Uganda’s SaaS Platform for Saccos Ensibuuko raises $500,000 to Reach More Saccos

Uganda’s SaaS Platform for Saccos Ensibuuko raises $500,000 to Reach More Saccos

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Ensibuuko, a Software-as-a-Service (SaaS) provider, which runs a SACCO Software built with Advanced data processing and reporting functionalities with an easy-to-use Interface allowing members to deposit, withdraw, transfer money through mobile money their balance and mini-statement and receive notifications on SMS has…

South Africa’s Cactus Capital invests in Nigeria’s Flutterwave & SA’s e-Factor

South Africa’s Cactus Capital invests in Nigeria’s Flutterwave & SA’s e-Factor

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South Africa’s  Cactus Capital, the investment arm of Cactus Advisors, has closed its second and third investments in Nigeria’s Flutterwave and South Africa’s E-Factor, months after it invested in Uganda’s mobile payment aggregator, Intel World International in Q1 2016. According to Zach George, Cactus Advisors’ founder…

UK’s AinFin raises £200K to roll out digital transaction services across Africa, goes live in Uganda

UK’s AinFin raises £200K to roll out digital transaction services across Africa, goes live in Uganda

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  AinFin Ltd, formerly Swifin Global, a financial technology firm that enables local and cross border payments via multiple channels  has raised  £200K in seed investments to roll out its Swifin product across Africa and Asia. Starting in Uganda after a partnership with Ecobank, the two…