by Harriet Ritchie -

MICROCAPITAL BRIEF: I&P Leads $8m Debt, Equity Funding Round for Zeepay to Expand Mobile Money Services in Africa

Investisseurs & Partenaires (I&P), a France-based investor in small and medium-sized enterprises (SMEs) in sub-Saharan Africa, recently led a funding round for Zeepay, a financial technology (fintech) company with offices in Ghana and the UK, to expand Zeepay’s digital wallet services to more countries in Africa. The funding round comprises USD 3 million in equity from I&P, USD 800,000 in equity from Ark Holdings, USD 800,000 in

by Anuhya Tadepalli -

MICROCAPITAL BRIEF: ACEP Burkina Borrows $2.6m from Grameen Credit Agricole Foundation for Microlending

ACEP Burkina, one of the five members of ACEP International, has received a loan approximately equivalent to EUR 2.3 million (USD 2.57 million) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, to support microlending in Burkina Faso. ACEP Burkina specializes in providing loans to micro- and small enterprises in urban and suburban areas. It was founded in 2012 as a partnership between Investisseurs & Partenaires (I&P),