-
Fintech isn’t disrupting Africa’s financial industry—it’s building it
African fintech is not disrupting the existing financial service providers. This is because, in many areas of the continent, there is nothing to disrupt, with large swathes of the low and lower middle income segments unserved or under-served when it comes to formal financial services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Business Development Fund, 450 Microfinance Institutions Partner to Ease Agriculture Financing in Rwanda
The issue of high rates and lack of collateral demanded by banks before they issue loans to farmers will soon be history thanks to a deal reached with 450 microfinance institutions, according to the Chief Executive Officer of the Business Development Fund, Innocent Bulindi.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
-
Why Zimbabwe Blocked MTN And Safaricom From Entering Local Market
The Zimbabwean government deliberately blocked the entry of South Africa’s MTN Group and Kenya’s Safaricom into the nation’s telecoms space in order to shield local operators from bigger international firms and promote their organic growth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Facebook lures Africa with free internet – but what is the hidden cost?
Facebook has signed up almost half the countries in Africa – a combined population of 635 million – to its free internet service in a controversial move to corner the market in one of the world’s biggest mobile data growth regions.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Report: Growth of FinTech in Africa Set to Challenge Financial Providers
The FinTech sector in Africa is poised for exponential and rapid growth that will challenge existing financial services providers, despite the fact that it is in the early stages of adoption relative to the rest of the world. According to recent Frost & Sullivan analysis, the FinTech industry in Africa may experience a similar disruption seen in Australia, a country with financial services development comparable to South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
-
S. Korea to launch telemedicine project in Rwanda
The South Korean government, KT Corp. and Severance Hospital will team up to launch a telemedicine project in Rwanda, Africa, marking the first step of Korea’s global telemedicine project supported by government, business and hospital, an idea that has long been championed by the country’s President Park Geun-hye.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
-
Rockefeller backs Africa push by Mainstream
The family foundation of the wealthy Rockefeller dynasty has emerged as a backer of an energy project in Africa that's being spearheaded by Eddie O'Connor's Mainstream Renewable Power firm.
- Region
- Sub-Saharan Africa
-
This SA startup uses tech to make healthcare lean
In a private healthcare clinic in Johannesburg CBD, a local startup is employing technology to make South African healthcare provision more lean. GetHealth was launched in February of last year, with its clinic opened in September 2015. Since then, over 4,000 people have come through its doors to experience the leaner, more efficient provision of healthcare the startup has to offer.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- public health
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.