Equity Bank and Mastercard Join Forces to Revolutionize Digital Payments in East Africa

Equity Group has entered into an ambitious Customer Business Agreement with Mastercard based on a shared vision of empowering customers and businesses across the East African region. This strategic partnership aims to provide customers various benefits by offering different Mastercard payment solutions, including World and World Elite cards, corporate cards, and virtual cards. Moreover, it

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Kenyan Insurtech Acquires MicroEnsure to Expand into Ghana Market

Kenyan insurtech company Turaco is making strategic strides to extend its African presence. Recently, Turaco announced its acquisition of MicroEnsure Ghana, which marks its entry into the West African market. Established in 2019, Turaco has rapidly gained recognition for its innovative use of technology to provide affordable insurance solutions. This article will delve into the

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African Development Bank announces US$1 billion climate financing for Youth

African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions

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Rich nations paid less than 5 percent of the $53.3 billion East Africa needs to confront the climate crisis

Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals. Oxfam’s “Unfair Share” report published today,

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Supermarkets as Engines of Uganda’s Economic Growth

In the heart of Uganda’s urban hubs, supermarkets have transcended their traditional role as mere shopping destinations, emerging as pivotal contributors to the country’s economic development. Beyond the aisles stocked with essentials, these retail giants hold the potential to invigorate local economies, empower communities, and drive transformative change. Uganda’s Evolving Supermarket Landscape Amidst a global

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