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Tidal launches in Africa—in countries known for banning music
In partnership with Africa’s largest mobile company MTN, Tidal announced its presence with a launch party in Uganda’s capital Kampala on Aug. 22. The music and video service was already available on the continent. This is the first time it’s specifically targeting African subscribers.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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African microlender OKash integrates facial recognition to prevent fraud
A recent report by Financial Sector Deepening suggests that 73 percent of Kenyans have a mobile money account, and the country has one of the world’s fastest-growing digital economies, according to TUKO, but mobile money fraud has become a widespread problem.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press release: African Development Bank, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with US$58 million
The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
- Source
- Press release
- Region
- Sub-Saharan Africa
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Why Airtel, Telkom have failed to whittle down Safaricom market share
Airtel Africa boss Raghunath Mandava had a rare chance to get excited last week when results of the Indian telecommunications giant were released. The chief executive officer, who had seen the African business lose so much money that his parent company Bharti Airtel started considering pulling out of some key markets on the continent, had for the first time a different story to tell investors.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Female-owned businesses driving economic growth, reducing inequality in Ghana
Microenterprises owned by females have been promoted as a powerful engine of economic and social growth, poverty alleviation and a promenade to the elimination of gender inequality. At the same time, research has documented gender gaps in microenterprise business performance and investment, which can serve to reproduce gender inequality and hinder economic growth.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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How Africa can up its game on water management for agriculture
About 12 million hectares of land become degraded each year. Droughts and floods are becoming more frequent and larger. For a host of reasons Africa is at the eye of this storm.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Waste-to-energy plant to take on Ethiopia’s rubbish epidemic
A landslide of rubbish from a vast open-air landfill site just outside of Ethiopia's capital, Addis Ababa, killed more than 110 people last year. This weekend, the Ethiopian government inaugurated a $120 million waste-to-energy plant, right next to the garbage dump, in an attempt to curb the city's mounting waste problem.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, waste
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Why Nigeria must embrace mobile money and agent banking
Up to 25 mobile money Operators (MMOs) have been licensed since the launch of mobile money service in Nigeria in 2009. Despite this large number of MMOs, high mobile phone and SIM card ownership, mobile money uptake and usage is still low in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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