Daily Digest

Daily Digest, Wednesday 1 December 2021

Funding In Northern Africa

Egypt’s fintech KlickIt closes its first round of funding for operational expansion

KlickIt has processed more than EGP 500 million in various types of payment transactions for educational entities and is backed by collaborations with key market leaders such as Banque Misr and e-finance, with more in the pipeline. Read more

Latest News

Morocco secures US$136mn loan from AfDB to boost speedy SMEs recovery

The Bank stressed that the program aims to support financial inclusion reforms to facilitate access to finance for families and SMEs. Read more

South Africa’s crypto exchange ChainEX launches its own stablecoin, CZAR

First was the release of the new instant trade on deposit feature and further decision to allow traders and residents from any countries to access the ZAR markets. Read more

Flutterwave launches e-commerce service platform to drive growth in SMEs

This will not only make it easier for customers to shop from a range of Flutterwave Store merchants but will also enable customers to seamlessly shop across a variety of products from different businesses at their convenience. Read more

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