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Viewpoint: Africa Doesn’t Need More Development Aid, It Needs More Capitalism
In Asia, the fight against poverty and hunger has been so effective because so many Asian countries have implemented capitalist reforms. In China alone— thanks to the partial introduction of private property rights and free-market economics—the proportion of people living in extreme poverty has fallen from 88% in 1981 to below 1% today.
- Region
- Sub-Saharan Africa
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‘Small Is Beautiful’ Can Work in Developing Africa
Solar and mobile technology offer ways to work around the continent’s shaky infrastructure.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- infrastructure
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NilePay Mobile Money Launches in South Sudan to Widen Financial Inclusion
“NilePay Mobile Service’s partnership with Zain South Sudan is part of the company’s long-term strategy to enable eCommerce and digitize financial services across the country,” said Darius Mobe, Director, NilePay Mobile Money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Smart Gas Cooking Seeks to Break African Cities’ Dirty Charcoal Habit
So far, efforts to introduce cleaner stoves that burn less fuel have been led mainly by aid agencies working in rural parts of Africa and Asia - and have had limited success. But a new push by businesses targeting urban areas aims to shift the dial.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Mercy Corps, MTN Liberia Launch Mobile Payment for PayGo Solar Systems
PayGo enables households to buy quality solar systems and pay in installments instead of outright upfront payment. So far, partner private sector distributors have installed over 1,100 pay as you go systems, improving the lives of rural dwellers, particularly those with children of school-going age.
- Region
- Sub-Saharan Africa
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Africa Is Awash In Sunshine – Energy That Will Help Empower The Continent
“Africa is not burdened with telecom lines and as a result, it went straight to mobile communications,” says Chris Kemper, chief executive of Palmetto, a clean energy and social-impact company, in a talk with this writer. “The same thing can be said for clean energy and clean technology.”
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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Viewpoint: Regulators Walk the ‘Mobile Money’ Line
Banking-by-phone is on the rise, and so are the risks of anti-competitive behaviour and money laundering.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Reaching the Unbanked — MTN to Shake up Nigeria’s Fintech Sector
The scale of Nigeria’s low financial inclusion and the banking sectors’ inability to tackle the problem necessitated a change in strategy. Nigeria continues to lag behind other African countries in financial inclusion. While sub-Saharan Africa’s number of adults with a bank or other financial account increased to 43% in 2017, up 9% from 2014, Nigeria’s banked population dropped to 40%, down 4% from 2014.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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