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Rewarding Informal Traders on Their Pathway to Formality

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4G Capital

4G Capital is dedicated to bridging the finance gap to advance MSMEs and help informal traders transition to the formal economy on fair and equitable terms

NAIROBI, Kenya, November 18, 2022/APO Group/ — 

Micro, small and medium-sized enterprises (MSMEs) are considered critical for driving economic development that will reduce unemployment and poverty across Africa.

These enterprises, of which there are around 40 million in the region, account for 60 per cent of Africa’s workforce and form an enormous part of many nations’ economies, generating over 50% of all wealth. However, these businesses, vital to uplifting living standards, are severely underfinanced. In Africa, the financing gap is thought to be around $330 billion annually. The key to bridging this is the microfinance sector, providing financial services to those who do not have access to traditional banking and credit services.

4G Capital offers a way to move faster and go deeper  

In Kenya and Uganda, 4G Capital is dedicated to bridging the finance gap to advance MSMEs and help informal traders transition to the formal economy on fair and equitable terms.

The company, operating since 2013, provides unsecured working capital microloans alongside critical enterprise and financial literacy training via digital channels and in person through nationwide branches.

4G Capital, rather than blind-lending digitally, lends to individuals after a due diligence and onboarding process that identifies their needs and focuses on training them to sustainably and profitably grow their businesses.  This ultimately means they can repay their loans and dramatically increases the chance of building viable businesses that can truly make a wider socioeconomic difference.  Research shows 4G Capital’s customers grow their revenues by an average of 82% annually.

So far, 4G Capital has issued more than 2.27 million loans to over 307,000 clients, 53% of which are rural MSMEs and almost three-quarters run by women.

In-house technology and data science have been critical to this end. Credit reference bureaus (CRBs) across Africa face difficulty in including the informal sector, not least because they struggle to obtain complete financial profiles of individuals and their businesses.

4G Capital does not rely upon CRBs to assess whether a client can be served, with all risk assessment and due diligence activities being taken in-house.  Similarly, 4G Capital does not report defaulters to the CRB, instead working with them to return to financial health.

The company addresses a problem that is bigger than you might think.  Figures from 2018 show that just 11% of Africa’s population had their credit information recorded by private credit bureaus, a worryingly low figure when compared to comparable regions such as emerging Asia (17%) and Latin America (79%). And it is worrying because traditional banks rely on these consumer credit models to evaluate risk, meaning large cohorts of the African population are excluded from the world of credit.

4G Capital bypasses this outdated model.  And where others attempt due diligence by mining information from phone bills and mobile money records, 4G Capital, by contrast, physically visits and interviews each customer and processes findings through its “EVA” (evaluation algorithm) AI platform.  Customers are then given in-person and online financial literacy training alongside their loans. 

In a global economic crisis, we need to energise small business earning power

Rewarding client loyalty

Given the small size of capital injections offered, clients typically take out several micro-loans consecutively as they seek to mature their businesses.

4G Capital has launched a loyalty programme to support their growth ambitions, whereby clients gain more favourable borrowing rates as they repay subsequent loans.

This, the company says, is in response to several factors.  Not only does it demonstrate 4G Capital’s leadership in challenging market conditions, where clients tackle extreme increases in cost-of-living and cost-of-operating, but it also forms a vital part of its mission to use and protect client data responsibly. 

“In a global economic crisis, we need to energise small business earning power,” affirmed 4G Capital CEO Wayne Hennessy-Barrett.

“By dropping our prices, we stand with mwananchi to help small traders grow their credit score and access discounting while retaining our award-winning blend of enterprise training and working capital loans. Digital financial service providers have a vital role in helping the informal economy transition to an integrated part of a modern nation”.

The move to reward loyalty and discount its “Upia” direct lending product is enshrined in 4G Capitals #HeroesoftheHustle campaign, which aims to recognise the growth and resilience of the grassroots economy in Kenya and Uganda.

All 4G Capital’s 300,000-plus clients will benefit from the scheme. There are four loyalty categories; Bronze, Silver, Gold and Diamond, with interest rates ranging from 0.9% to 0.75%, respectively.

Typically, 4G Capital sees its clients grow their revenues by an average of 82% yearly.

Jane Oyolo, for instance, runs a budding second-hand clothes business.  She travels to Nairobi weekly in her Probox to purchase bales of clothes which she resells in Nyanza Province. When she was first introduced to 4G Capital, she received a loan of around $160. Since then, Jane has made her repayments within the minimum loan repayment period and has taken on numerous repeat loans.

“4G Capital has been of immense help,” she told us. “Through my business profits, I have bought a plot of land and have even built a foundation for a house.”

Indeed, as businesses such as Jane’s increase their earning power and creditworthiness, they can engage more traditional financial services and command larger working capital debt, propelling them into the formal economy and on to the next level of development and maturity.  This will be critical to driving socio-economic development across the continent, the objective of 4G Capital’s mission ‘to grow business with capital and knowledge’.

Distributed by APO Group on behalf of 4G Capital.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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