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New partnership to boost financial inclusion in the Democratic Republic of the Congo
FSD Africa and Equity Bank Congo have entered into a new partnership that targets unbanked people in rural areas in the Democratic Republic of the Congo.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: Sub-Saharan Africa 2nd worst region in mobile gender gap
"Mobile access and use has grown dramatically in LMICs [low- and middle-income countries] in recent years, but not equally. A gender gap in both mobile ownership and mobile Internet use persists across these markets, and is significantly wider in certain regions, particularly South Asia and Sub-Saharan Africa," the report says.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Lending to Rwandan Farmers Boosts Financial Position of MFIs
With commercial banks shying away from financing the agriculture sector because they consider it to be highly risky, MFIs remain the biggest lenders to farmers--especially smallholder farmers.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia
The partnership supports Zambia’s National Financial Inclusion Strategy 2017 to 2022, which aims to increase financial inclusion from 59 per cent to 80 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nala has built a hassle-free, offline mobile money payment platform for Africa
While at least a hundred million Africans hold mobile money accounts, the process of transacting over the services is difficult, so Nala made an application that acts as an interface on top of the unstructured supplementary service data layer to make money transfers and payments much easier.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Jumia’s IPO filing shows just how costly it is to crack e-commerce across Africa
Being upfront and extensive about possible business risks are routine when filing for initial public offerings. And while some the 23 “risk factors” Jumia lists in its filing can be seen as generic business risks (political instability, regulatory uncertainty and active competitors), others offer an insight into the difficulties of achieving e-commerce in some of the continent’s markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce
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Alarm Over Numbers of Mobile Loan Defaulters in Kenya
Currently, there are more than 380,000 Kenyans that have so far defaulted on loans taken from mobile money lenders according to a comprehensive report by Metropol Corporation CEO, Sam Omukoko.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Safaricom increases e-commerce stakes after Alibaba Group deal
“This partnership seeks to connect Kenyans to even more business opportunities by enabling them to seamlessly source, purchase and import goods from the world’s leading manufacturers,” Safaricom Chief customer officer Sylvia Mulinge said.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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