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Startup venture funding jumped more than 50% in Africa last year to a record high
Across sectors, financial inclusion accounted for 45% of total investment—more than any other sector—with $253 million raised. Partech’s report categorizes off-grid tech, fintech and insurance tech startups under financial inclusion.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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2017 not rosy for mobile cash in Kenya
“Months of political uncertainty affected economic activity. Many sectors did less business than usual which translated into decelerated growth in payment channels in general,” said Mr Stephen Nduati, former head of national payment systems at the CBK, who now works as an independent consultant on mobile money in Kenya.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microenterprise graduation leads to higher consumption, asset ownership
“Helping the ultra-poor escape extreme poverty is a global priority, but policymakers are faced with competing ideas about the best way to accomplish this,” said Village Enterprise’s CEO Dianne Calvi.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Telco market debate could see Safaricom split into two
“As you are aware, the Communications Authority of Kenya, (CA) contracted MS Analysys Mason to carry out a competition study of the telecommunication sub-sector with a view to evaluate the competitive landscape of the market,” said the authority in a notice published in national newspapers on Friday.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa’s first bitcoin exchange targets 1 billion users
Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency, fintech
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Tanzanian Government Ponders Harmonization of Mobile Money Transactions
The government now wants all telecommunication companies to register their mobile money transactions with the National Switch as it seeks to rollout interoperability across all operators.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Khethi Ngwenya: A social entrepreneur who learned that impact is more important than profit
Social Entrepreneur, Khethi Ngwenya from Soweto knew from a young age of 12 that he wanted to go into business and make a positive contribution in his community.
- Categories
- Education
- Region
- Sub-Saharan Africa
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Record-Breaking 2017 Closes Gap Between Impact And Return-Driven Investing In Africa
African startups had a record-breaking 2017 when it came to fundraising, securing a total of $195 million, according to the recently released Disrupt Africa African Tech Startups Funding Report.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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