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China’s CFPA Microfinance raises $140m in Series C led by The Rise Fund
The latest funding round adds The Rise Fund to CFPA’s list of big-ticket investors, which now include Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital China, High Impact Capital Advisors, and Renda Puhui.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Safaricom and Western Union sign money transfer deal
Mpesa customers will be able to send and receive money at any Western Union centers across the world after Safaricom and Western Union inked a money transfer deal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Reality Check: Is China burdening Africa with debt?
The Chinese government is adamant that its economic relationships with African countries are mutually beneficial and rejects suggestions that it is using debt to expand global influence.
- Region
- Sub-Saharan Africa
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Closing the Cash Gap With Cryptocurrency
In emerging markets, the shallow reach of traditional money systems means there’s less resistance to new financial technology.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Visa strengthens East Africa presence through partnership with Tanzanian telecom firm
Through the partnership, HaloPesa will offer consumers the option to pay a merchant with interoperable Visa QR Codes that are being rolled out as part of Visa on mobile expansion in the market.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Aerospace technology could enable farmers to produce more with less
The researchers say the central challenge for the highly fragmented African agriculture is, therefore, one of farmer access to the satellite data and analysis. “The question … is less about whether space-based and aerial technologies can help the agriculture. The question is, how exactly can these tools be put in the hands of most farmers?”
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- agtech, global development
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Banker proposes new blockchain technology for African market
A new mobile phone blockchain network is under development and is projected to acquire large-scale consumer adoption in Sub-Saharan Africa by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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In Kenya, free cash is the latest solution to poverty
Founded in 2010 and working in six African countries, Give Directly sends money straight to the poor allowing them to choose their own priorities, rather than outsiders "deciding instead of them", explains the non-profit's spokeswoman Caroline Teti.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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