-
Zimbabwe’s EcoCash Woes Show Dangers of Early Reliance on Mobile Money
The growth of EcoCash was driven by its ability to extend financial inclusion by drawing in previously unbanked customers. But recurrent power blackouts and food shortages in the context of a currency crisis are now showing the fragility of that model.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
The Land of Opportunity for Off-Grid Solar
Consolidation is picking up in Africa’s off-grid renewables market, where big investors like Engie are betting on the electricity consumers of the future.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Rwanda Is the Latest African Country Considering a National Digital Currency to Boost Financial Inclusion
Rwanda is the second African country to show an interest in a digital currency this year. Earlier in 2019, South Africa’s central bank announced that it was doing a feasibility project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Viewpoint: Nigeria’s Banks Stand to Gain More From Mobile Money Than MTN
MTN Nigeria, which runs the country’s biggest mobile phone network, won a license from the country’s central bank in July to provide financial services. But replicating the success of MTN’s mobile money offer in east Africa will be a big ask.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
-
Press Release: Steward Bank and Youtap Launch Mobile Money Services in Zimbabwe
The new service provided by Steward bank will allow customers to use e-money to pay at the point of sale and for selected transport services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Malawi Post Corporation to Launch Mobile Money Service
Malawi Post Corporation (MPC) plans to launch its mobile money service Zaphweka (ZapCash) before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
-
Africa’s Innovators Say Their Scrappy Skills Are Needed to Fix an Unlikely Problem—Politics
More often than not, bad policies rather than bad luck have hindered the potential of these innovations and their ability to help more people.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- governance, public policy
-
Mobile Money Growth Slows at Last in Ghana
After seven years of phenomenal growth as a payments platform in Ghana, the increase in mobile money (MoMo) users and usage has begun to slow giving indications that this transformational payment platform, in its current form, may be approaching maturity.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.