Stay updated with breaking news from Edev Canada. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
FinDev Canada announced a $20 million loan to Ecobank Transnational Incorporated, the parent company of the Ecobank Group, to strengthen its digital finance operations and help SMEs in Africa.
FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund (EEGF), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding that will go towards increasing access to clean energy for off-grid households and businesses in the region. The $120 million EEGF, which was founded in 2019 by the […]
The COVID-19 pandemic has caused unprecedented economic and social challenges worldwide. These effects have been particularly damaging for many of Canada’s partners in Africa.
Phatisa Food Fund 2 reaches $143 million final close from DFI commitments 4th February 2021, Montreal - A group of leading development finance institutions (DFIs) and impact investors – CDC Group, Norfund, Finnfund, FinDev Canada and BIO – announce an $82 million joint commitment to Phatisa Food Fund 2 (PFF 2 or the Fund), managed by Phatisa. PFF 2 will invest across the African food value chain, considering investments in mechanisation, inputs, poultry and meat production, food processing and manufacturing, logistics, aggregation and distribution across Sub-Saharan Africa. The investm...
Revealed: How M-kopa CEO earns Ksh. 70 Million from Kenyans illegally M-Kopa Holdings Ltd pays its Chief Executive Officer Jesse Moore over Sh69,752,914.04 per year according to a whistleblower site Blacklock’s. Mr Moore, a Canadian national whose firm is funded by that country’s taxpayers has been criticized for underhand dealings such as preying on rural and urban slums to sell his idea of hire purchases on phones and solar products. FinDev the govt entity and M-Kopa’s financier, refused to comment on the matter when asked in December 2020. “FinDev Canada has no comment on this matt...