Akaboxi secures a Loan

In 2018 Akaboxi won the Sustainability Technology for Africa Award in Uganda organized by Ondernemers Voor Ondernemers(OVO).
Akaboxi was promised support through loan financing of it’s activities to digitize savings groups of smallholder farmers, filling the financial gap. This year 2020 Akaboxi will be also supporting it’s Village saving groups of smallholder farmers by buying and selling their agricultural produce hence creating market.

Inorder to make this financing possible OVO partnered with King Baudouin Foundation, Close the Gap and Orange Hills.

Akaboxi foresees using this loan to grow it’s revenues. On top of the loan Akaboxi has received business development mentorship from OVO, proper financial management that needs inorder to successfully manage the loan and the business it’s self.
They are looking into raising more money to expand their business throughout Uganda and Sub-Saharan Africa.

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Catapult @ the Lhoft

We were proud to be among the 11 Fintech companies startups operating in Africa that were selected to be at the LHOFT .

The LHoFT strongly believes that financial technology is crucial to advancing financial inclusion, empowering groups that have been left behind by the traditional financial systems. Whether it’s financing for rural farmers, a point of sale technology for underbanked merchants, or specialized insurance products, the positive impact is driven by entrepreneurship is improving lives around the world.

CATAPULT: Inclusion Africa is a unique program of Fintech development from the LHoFT, aligned with sustainability goals of Luxembourg’s finance center. CATAPULT: Inclusion Africa leverages Luxembourg’s Inclusive Finance and Fintech ecosystem to support the 14 selected firms in developing their businesses and achieving their inclusion goals.

Luxembourg is the European leader in responsible investment fund assets, accounting for 31% of funds and 39% of all assets under management, and has an extensive ecosystem of supporting initiatives and institutions.

The program provided AKABOXI a catapult on what it looks to provide financial inclusion on a global perspective and leveraging on the European market.
It provided a platform to also interact with other startups that had moved great strives.

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