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Nigerian Govt Rolls Out N1.6 Billion ‘National Women Empowerment Fund’
To facilitate growth and entrepreneurial development at grassroots level, and in line with the federal government's Social Investment Programmes, the Minister of Women Affairs and Social Development, Senator Aisha Jummai Alhassan has announced the roll out of a N1.6 billion naira special intervention fund tagged, 'National Women Empowerment Fund' (NAWEF), which is in partnership with the Ministry and Bank of Industry (BOI).
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets
Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital funding as it seeks to spread its operations to ten countries across Africa by 2020.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Kenya Commercial Bank, MasterCard Foundation enter into $30m partnership to lift two million farmers
At least two million smallholder farmers in Kenya and Rwanda are set to benefit from a $30 million partnership to promote financial inclusion between the Kenya Commercial Bank (KCB) Group and The MasterCard Foundation.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Nigerian Startups Can’t Raise Money Through Crowdfunding Because of Antiquated Laws
Crowdfunding has been a big help to good causes in Nigeria. Last year, donations kept a rape counseling center in Lagos from shutting down. And Nigerian athletes took to GoFundMe to help pay for their training and travel to the Rio Olympics, after poor preparations by the sports ministry.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- crowdfunding
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Cost Of Healthy Living: Coca-Cola May Shut Down South African Plant Over Sugar Tax
Coca-Cola Beverages Africa, the continent’s largest soft drinks bottler, may close business in South Africa if the government goes ahead with a proposed tax of 20 percent on sugary drinks from April 1, 2017 in a bid to curb obesity and unhealthy diets.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- public health
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This Hult Entrepreneur’s Social Enterprise Is Cleaning Up Uganda’s Informal Economy
In Kampala, Uganda, a proliferation of street vendors are unregistered and do not pay tax, working in an informal, illegal economy. Large urban areas are also notoriously-polluted, with street vendors working around fire hazards and breathing in harmful fumes - particularly charcoal smoke - on a daily basis.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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KCB M-Pesa Loans Hit Sh10.3bn Since Launch
Mobile-based bank account KCB M-Pesa has disbursed a total of Sh10.3 billion in loans to its customers since March last year, indicating a growing appetite for short-term loans.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fingerprint Technology Expanding In African Mobile Banking
London-based bank Standard Chartered plans this year to introduce biometric technology to customers in eight African countries so they can use fingerprints to access their mobile money — a process known as touch login — versus usernames and passwords.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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