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Smallholder agricultural enterprises in Africa face a lot of challenges getting loans from financial institutions like banks due to the stringent requirements they can hardly fulfil.

Smallholder agricultural enterprises in Africa face a challenges getting loans but innovative financing solutions are transforming the sector.

NAIROBI, Oct 30 (IPS) - Smallholder agricultural enterprises in Africa face a lot of challenges getting loans from financial institutions like banks due to the stringent requirements they can hardly fulfil. Investor confidence is usually lacking, given the risks involved in this sector of the economy.

Technology entrepreneurs in Africa could save the planet but need to bridge the “capital gap”

Technology entrepreneurs in Africa could solve the continent’s biggest problems while saving the planet but still need to fill the capital gap

Cryptocurrency and NFTs are being used in Africa to fund welfare and development projects related to education, electricity, healthcare, housing and livelihoods.

They added that the digital currency also has the "potential to create new ways for young people to earn, spend, save and send money."

Africans look to crypto as charity funding dwindles

African activists are turning to cryptocurrency and NFTs to plug funding gaps in education, energy, healthcare, housing and jobs

Cryptocurrencies and non-fungible tokens are being used across African nations to fund welfare and development projects.