Safaricom launches start-up loans through venture fund

The Spark accelerator program was born from the restructure of the Spark Fund after the nod of Safaricom shareholders last year.

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Safaricom will start offering loans to start-ups via its venture fund Spark Accelerator that has been buying stakes in young firms.

Safaricom in partnership with M-Pesa Africa and Sumitomo Corporation has announced a cohort of nine start-ups to benefit from the capital injection that also comes with access to market, technology and product development services.

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