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Safaricom is planning to expand M-Pesa mobile money across Africa
Vodacom says the proposed deal gives it access to a market with “high growth, high margin, high cash generation business.” Shameel Joosub, the Vodacom Group’s chief executive, said the stake will drive M-Pesa adoption across its business.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Vodacom strikes $2.6B deal for Safaricom stake
Combined, Vodacom said it will now have 32 million customers in the space, “making it a formidable player in financial services on the continent”. The deal also gives Vodacom a significant footprint in Kenya.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Safaricom Launches M-Pesa Card for Point-of-Sale Payments
Already, the leading mobile service provider has signed up 13,000 customers in Nakuru to the newly launched M-Pesa 1Tap service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Social Enterprise Sector Is Missing Link in Africa Wealth-Creation Chain
The objectives of social businesses are generally seen as meeting social goals. They often reinvest profits back into the business or target audience or community. Africans may have to start thinking of using social enterprises -- whether at village, community or non-governmental organisations -- to create businesses, manufacture goods, expand financial services and farm commercially; and to serve as alternative public-service providers, delivering education, energy and accessible finance.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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German pharma giant Bayer Targets South African Startups to Create Digital Healthcare Solutions
The pharma company is bringing to South Africa its successful Granst4Apps Programme, which aims to bring promising startups under its wing as part of a global web of startup initiatives.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Report: Leveraging digital to unlock the base of the pyramid market in Africa
The level of formal banking and insurance penetration across Africa remains low due to the fact that consumer spending power for the majority of the population is low and unsteady. This has been seen as a hindrance to providing products and services through traditional distribution models, even though this market represents the majority of spending power in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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d.light partners with microfinance institution Musoni for off-grid solar in Kenya
D.light’s managing director for Africa, Jacob Okoth, said that the partnership made perfect sense for the two companies, as they target the same customer segment. Musoni works to expand financial outreach in rural areas and d.light’s mission is to continue to work towards rural electrification.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Zimbabwe: $90m Package for SMEs Unveiled
Of the $90 million facility, $10 million will go to horticulture, $15 million to cross border traders, $40 million for the gold facility, $15 million for women empowerment, while $10 million has been earmarked for business linkages.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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