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Debt Relief a Double-Edged Sword for South Africans Living on Loans
The situation of people like Rivele shows both the potential benefits - and unintended consequences - of a new law signed by President Cyril Ramaphosa in August, aimed at protecting vulnerable borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mobile Giant Takes Another Crack at South Africa’s Mobile Money Market
MoMo forms a critical part of the group’s growth prospects, and MTN South Africa is confident that MoMo can mimic the success that saw telephony and the Internet being revolutionised and democratised over the past two decades.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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MTN Launches Mobile Money API Hackathon
The Hackathon, run in partnership with Ericsson (MTN’s MoMo technology partner), will give app developers based in Ghana, Uganda, Cote d’Ivoire, Cameroon and Zambia the opportunity to create innovative financial and transactional applications using the MTN MoMo API platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How to Understand Why Zimbabwe Is Bringing Back the Zim Dollar and the Limits of Mobile Money
Zimbabwe is trying to bring back its “Zimdollar” currency and not for the first time. Ten years since the troubled national currency was essentially destroyed by years of hyperinflation, central bank officials and a few strategic government insiders have been hinting or openly discussing the need for its return.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Goodwell Investments Launches €20M Fund for Inclusive Economy in Africa
Half the fund will be invested in financial services, as the financial sector. The remainder will go to agriculture, health and sanitation, energy, and transport.
- Region
- Sub-Saharan Africa
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Is Rwanda in Line to Become One of Africa’s Major Tech Hubs?
Recent years have seen countries across the African continent investing deep into the tech industry. Rwanda is angling to get ahead of the pack.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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UK Pumps £10 Million Into the Kenyan Fintech Scene as It Aims to Increase Financial Inclusion for Low-Income and Underserved Consumers Through Technology
The Catalyst Fund supports business development and investor opportunities for early stage fintech companies in emerging markets. With support from the UK Department for International Development, the Catalyst Fund will help connect a further 30 local fintech companies with international investors and mentors, including Kenyan fintech companies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya’s Twiga Foods Eyes West Africa After $30M Raise Led by Goldman
Twiga will use the funds to set up a distribution center in Nairobi and deepen its conversion to offering supply chain services for both agricultural and FMCG products.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- supply chains
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