Tag: Africa

Impact Newswire brings you the latest news and coverage from Africa including tech, personal finance, AI.

Zindi
Africa

Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Zindi and Rand Merchant Bank (RMB) joined forces in a 9-month endeavor known as the RMB CPI Nowcasting Grand Challenge. The objective was to leverage alternative datasets for predicting CPI one month ahead, a critical need for financial institutions to guide lending and investment decisions. The competition garnered participation from over 1500 data scientists across 86 countries, showcasing global interest and talent in the field, … Continue reading Zindi and RMB reinvent CPI nowcasting with community-first machine learning

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100 million to the West African
Africa

100 million to the West African development bank BOAD: the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

Rome, August 2nd, 2024 – A €100 million operation to finance projects addressing climate change mitigation in West Africa through the subscription of the first hybrid bond issued by a multilateral bank with this exclusive purpose. This is outlined in the agreement signed by the Italian Climate Fund, managed by Cassa Depositi e Prestiti (CDP) on behalf of the Ministry of Environment and Energy Security … Continue reading 100 million to the West African development bank BOAD: the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

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Access Bank Challenge Cup -2024
Africa, Impact Newswire Exclusive, Untied Kingdom

Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

Date : July 22, 2024 Access Bank UK annual Challenge Cup day at Guards Polo Club Windsor announces more expansion and capital growth As it prepares to host its’ annual Access Bank Polo Day at Guards Polo Club Windsor on Saturday 20 July The Access Bank UK Limited has posted annual results that demonstrate another year of outstanding international growth. It was notable for the rapid progress … Continue reading Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

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Sam-MakojiGetty
Africa, Europe

Investment for enhanced access to finance for MSMEs in Nigeria

Stockholm, July 16, 2024 — Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth. Nigeria, with a population of 230 million, has an unemployment rate at a staggering … Continue reading Investment for enhanced access to finance for MSMEs in Nigeria

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