Bolt has reached a significant investment milestone of R3 billion (€150 million) in South Africa over the past decade, solidifying the country as a key growth market for shared mobility.

• Bolt has invested R3 billion in South Africa over 10 years.
• Simo Kalajdzic, Senior Operations Manager at Bolt, highlighted the investment reflects growth and belief in platform-based mobility.
• The platform has served 30 million passengers and onboarded 500,000 drivers, playing a vital role in the gig economy.

Ride-hailing platform inDrive and payment infrastructure company dLocal have partnered to launch real-time card payments and instant driver payouts in South Africa.

• 63% of digital payments in South Africa are made with cards.
• The integration allows inDrive to offer real-time payment splitting and domestic disbursements through dLocal's single connection.
• Drivers will benefit from fast, reliable payouts via local payment rails, reducing reliance on cash and associated risks.

Absa Bank Kenya has launched an enhanced asset financing proposition, ABF 2.0, aiming to deploy KES 100 billion over the next three years to support key economic sectors.

• The bank plans to deploy KES 100 billion over three years.
• Key sectors targeted include manufacturing, trade and logistics, infrastructure, healthcare, and education, with significant improvements in financing speed and approval timelines.
• The initiative is led by Abdi Mohamed, Managing Director and CEO of Absa Bank Kenya, and supported by a dedicated Asset Financing Centre.
• Financing now features reduced onboarding-to-approval timelines (to 48 hours) and longer loan tenors (up to 84 months).