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FutureLink Technologies has been named Platinum winner of Product Innovation of the Year at the 2022 Global SME Finance Forum Awards. This is the first time an African company wins this highest award in the category, attesting to the rise of industry changing innovations on the continent. While receiving the award on September 20th, Vincent Tumwijukye, Co-Founder and CEO said; “This award is a testament of how Africa’s organised communities, can collectively work to enhance their financial resilience. By enabling customers to efficiently access, assess and choose the most appropriate and affordable financial services provided by SACCOs, we give them…
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By Nathan Were The island nation of Sri Lanka is not poor. Its per capita GDP – when adjusted for purchasing power – is higher than South Africa, Peru, Egypt, and Indonesia. However, the country now faces its worst economic and social crisis since its independence in 1948. The financial system has collapsed, and fuel, food, electricity, and medicine shortages cripple the island nation of 22 million people. Its people have taken to the streets to protest and demand the resignation of President Gotabaya Rajapaksa, who took over the country in 2019 with a 52 percent election win. Thousands of…
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The International Finance Corporation ( IFC), part of the World Bank Group has appointed Farid Fezoua as the Director of Health & Education. The appointment was made earlier today in Washington DC, United states of America. According to the IFC, Farid’s key priorities will be to drive the implementation and deployment of IFC’s US$4 billion Global Health Platform and to position IFC – International Finance Corporation and the World Bank Group as a catalyst for impactful and effective partnerships with governments and private sector innovators in health, life sciences, medtech and education sectors globally. A French-Algerian national, Farid’s career has spanned 30 years across…
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Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses. The partnership has seen IFC and its partners including the Dutch Development Bank (FMO), British International Investment (BII) and Symbiotics, ResponsAbIility from Switzerland commit US$165 million (approx. Kes 19 billion) towards Equity’s `Africa Recovery and Resilience Plan’ that will see the Group, through its regional banking subsidiaries, finance at least 5 million MSMEs and 25 million households therefore creating 50 million…
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Uganda’s Emmanuel Nyirinkindi has been appointed to a senior job at the World Bank is an endorsement for locally bred capabilities and professionals. Nyirinkindi was last week appointed the vice president of Cross Cutting Solutions at the International Finance Corporation (IFC), a member of the World Bank group focusing on the private sector in developing countries. The appointment was announced in a statement made by World Bank Group President David Malpass Prior to his current appointment, he worked as the IFCs global director for Transaction advisory Services. He joined IFC in 2006 as a Senior Investment Officer in South Africa…
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