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Vodacom Coining It With M-Pesa
Vodacom’s bet on Africa’s burgeoning fintech market through M-Pesa is paying off.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Africa Hopes to Gain From the ‘New Scramble’
Major world powers are jostling for political and economic influence in Africa, but what is behind the renewed interest on the continent and what are African countries doing about it?
- Region
- Sub-Saharan Africa
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Meet The All-Female Angel Group Making Profitable Bets On African Entrepreneurs
While the fund is focused on building a network of female investors, Rising Tide Africa will invest in both male- and female-led companies, although they prefer and do actively search for female-led companies. If the founders are men, they have to have at least one woman in an executive position.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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‘Afro-Optimism’ on the Rise Among Continent’s Youth, Finds Survey
Ivor Ichikowitz, chairman of the Ichikowitz Family Foundation, which commissioned the survey, said the results “are a loud wake-up call to all the Afro-sceptics”.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- global development, research, youth
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Malawi Mobile Money Numbers Dive After Account Cull
In its national payments system report the Reserve Bank of Malawi said the number of mobile money accounts in the country fell to 6.2 million by the end of 2019.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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New Partnership to Drive Off-Grid Solar Energy Enterprises in Africa
VentureBuilder and the United States African Development Foundation (USADF) have announced their partnership to support the development of off-grid solar energy enterprises that can meet the demands of underserved populations in Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Tech Startups Are Flooding Kenya With Apps Offering High-Interest Loans
Tala has made $1 billion in microloans to people in developing countries, all using its app. It says it can reach those who’ve been ignored by banks, because its software generates instant credit ratings from data scraped off prospective borrowers’ phones. The company is part of the financial-inclusion movement, a loose coalition of tech companies, banks, and nongovernmental organizations trying to lift people out of poverty by offering them new ways to gain access to loans and other financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Intra-African Remittance Market Set to Soar in 2020
The World Bank estimates that migrant workers within Africa send remittances in excess of $14 billion dollars each year, and in 2018 intra-African remittances represented 20% of global remittance flows according to Ecobank Group.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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