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Mobile Phones Driving Zimbabwe’s Financial Inclusion, but Gender Gaps Persist
The Global Financial Index 2017 noted that Zimbabwe has accomplished a considerable achievement in enhancing financial inclusion, but also indicated that the country has a long way to go in order to catch up with nations like Kenya, where account ownership is over 80 percent of the adult population.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tanzania considers pushing telcos to refund mobile money fraud victims
The minister responsible for communications, Mr Isack Kamwelwe told The Citizen newspaper that the government has received numerous complaints from the public against telcos, citing failure to take stringent measures against the theft.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Coming soon to Rwanda: Mobile money transfers across networks
These approvals will set the stage for the telcos to start commercial negotiations, agree on transaction tariffs and sign agreements with an independent switch provider, enabling them to embrace mobile money interoperability or the ability to offer services across networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Dutch FMO and Rabobank Foundation Finance Kenyan Start-Up Apollo Agriculture
Apollo Agriculture has received a USD 250,000 convertible grant from FMO’s MASSIF Fund, which aims to take early high-investment risks and act as a catalyst for the growth of the private financial sector and financial inclusion in developing countries. The Rabobank Foundation has provided the start-up with a USD 250,000 loan.
- Source
- Press release
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Press release: Tulaa closes seed round of investment
Four out of five African families depend on agriculture for their livelihoods, but lack of access to quality inputs, affordable finance and reliable markets keep many of them trapped in a cycle of poverty. To solve these problems, Tulaa leverages mobile technology and artificial intelligence to enable farmers to purchase inputs on credit and to market their crops efficiently at harvest time.
- Source
- Press release
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Phone scam: How Kenyans are losing money
Mobile phones in Kenya are like bank accounts - some people keep all their savings on their phone - and fraudsters are trying to hack into them to steal the money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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South African fintech JUMO secures first two commitments in new funding round
The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Nigerians Bury Cash in Backyards as Mobile Money Stumbles
Financial inclusion in Nigeria -- which vies with South Africa as the continent’s biggest economy -- has gone backward as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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