U.S. investors managing over $1 trillion in assets attend AVCA Annual Conference in Cairo
From May 1 to 5, 2023, Prosper Africa led a high-level U.S. institutional investor delegation to Cairo, Egypt, to attend the Africa Private Equity and Venture Capital Association (AVCA) Annual [...]
TBD and Yellow Card's Partnership Paves Way for Global Interoperability in Digital Payments
Block-owned open developer platform TBD recently partnered with African digital assets exchange platform Yellow Card to launch a platform that facilitates fiat on- and off-ramps and payments in 16 African [...]
First-Ever U.S.-Kenya Business Roadshow Kicks Off with $55 Million in Co-Investment Deals
The first-ever U.S.-Kenya Business Roadshow was launched in New York City on Tuesday, where the Prosper Africa initiative and the U.S. Embassy in Kenya gathered leading businesses, investors, and Kenyan [...]Commonwealth Finance Ministers Call for Systemic Reform of Global Financial Architecture
Finance ministers from various Commonwealth countries have called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. This call for reform [...]US Govt's Prosper Africa Collaborates with Leading Companies to Fuel Africa's Technological Revolution
The US Government initiative, Prosper Africa, has launched the Tech for Trade Alliance in collaboration with the US Agency for International Development (USAID), major US companies and Government agencies. The [...]IMF Approves KES 2 Trillion Ukraine Loan
The International Monetary Fund (IMF) has announced that its executive board has approved a Ukraine loan program worth $15.6 billion (KES 2.07 trillion) over four years. This forms part of [...]China to Contribute to One-Third of the World's Economic Growth in 2023-IMF
China is expected to make a considerable contribution to the world economy this year, with approximately one-third of global growth. According to the Managing Director of the International Monetary Fund [...]US Federal Reserve Hikes Interest Rates by 25 Basis Points
The Federal Reserve announced that it has increased its benchmark lending rate by 25 basis points in response to the continuing inflation and banking crisis in the United States. Following [...]IMF Grants Sri Lanka $3 Billion Bailout
The board of the International Monetary Fund (IMF) has approved a $3 billion bailout package for Sri Lanka, aimed at aiding the country in restructuring its debts and alleviating a [...]UK launches a New Visa Application Centre in Kenya
United Kingdom (UK) has launched a new visa application centre in Kenya which will now take 15 working days to get visas down from six weeks. Jane Marriott, the British [...]IMF Set to Boost Fund Limits in a Bid to Help Members Overcome Current Economic Crisis
The International Monetary Fund (IMF) will temporarily increase funding limits for member nations to help them overcome current economic challenges. The annual limit under the fund’s General Resources Account will [...]
Africa Fintech Summit 2023: Unlocking the Potential of Fintech in Africa with Global Collaboration
The Africa Fintech Summit (AFTS) is set to hold its 9th edition in Washington DC, USA, on April 12, 2023. The summit will bring together top regulators, policymakers, financial and [...]
