Weekly Digest 12

20 Oct 2021

A collection of news across the African private equity and venture capital industry |

Goodwell participates in Asante’s US$7.5mn funding round

Asante Financial Services Group (“Asante”) announces US$7.5mn Series A investment anchored by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings. Asante is a high-impact fintech focused on supporting the growth of African Micro, Small and Medium Enterprises (MSMEs). The Series A investment enables Asante to scale its credit offerings to the underserved segment of MSMEs in Kenya and Uganda, and expand to Nigeria and Rwanda.

Source: Goodwell Investments

FATF removes Mauritius from the list of jurisdictions under increased monitoring

On Thursday 21 October, the Financial Action Task Force (FATF) announced that Mauritius would be removed from its grey list of countries under increased monitoring. The Mauritius Government will soon start the process of removing the jurisdiction from the European Union (EU) ‘blacklist’ of high-risk countries, which reflects FATF grey listing. 

Source: FATF

 

 

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