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Coronavirus Is Triggering Deep Digital Change in African Fintech
In a bid to curb the spread of the virus, the World Health Organisation has been cautioning against the use of hard currency and encouraging the use of digital payments. This move has prompted African governments and regulators to enforce measures aimed at facilitating more cashless transactions.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Where to Invest in Africa in the Face of COVID-19
As Africa heads towards recession, it’s not easy to know where to invest. Akinyi Ochieng and Isaac Kwaku Fokuo, Jr. highlight three areas that are likely to fare better during the downturn
- Categories
- Coronavirus, Investing
- Region
- Sub-Saharan Africa
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IFAD Makes Landmark Investment in Impact Fund Helping Rural SMEs
In a continuation of its efforts to help small-scale farmers and micro-, small and medium size rural enterprises in developing countries create jobs and increase incomes, the International Fund for Agricultural Development (IFAD) announced today an investment of US$9 million (€8.4 million) into the Agri-Business Capital (ABC) Fund, a blended capital impact fund.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Africa’s Tech Innovators Spy Opportunity Amid Pandemic
Fintech startups and others in the tech ecosystem are reappraising their services to try and cater to the economically vulnerable who are most affected — an audience that they would hope to retain once the crisis passes.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Press Release: COVID-19: Data for a Resilient Africa
The United Nations Economic Commission for Africa (ECA) and the Global Partnership for Sustainable Development Data (GPSDD) have unveiled an initiative to strengthen Africa’s data ecosystems in the face of COVID-19.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, global development
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A New Website Is Helping Nigerians Check If They Have Coronavirus
Created through a partnership between the Wellbeing Foundation and PocketPatientMD, the site will determine if a person needs to visit a coronavirus test center based on a series of questions.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Sub-Saharan Africa
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Zimbabwe Is on Lockdown, but Money-Changers Are Still Busy
A chronic shortage of Zimbabwean dollar notes and US dollars keeps money-changing services in high demand.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Cash Transfers Lead the Social Assistance Response to COVID-19
In response to the COVID-19 pandemic, many countries are using cash transfers — a tool that can be fast and support local economies. The humanitarian sector has used this tactic for years to ensure that communities living through crises don’t slip into deep poverty.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
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