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About 70% of Ghana’s ‘Susu’ Collectors Are Operating Illegally
Out of an estimated 1,500 Susu collectors operating in the country, with a client base of over 2 million, only 472 of them (representing 31 percent) are formally licenced under the self-regulation scheme, making t activities of the rest illegal.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Samsung to Launch Pasha Centre-Like Digital Villages In Kenya, Others
Samsung said that it will be launching Pasha Centers-Like Digital Villages in Kenya, Ethiopia and Tanzania this year that will focus on the challenges in undeserved and rural communities, provide people in this areas with access to ICT so they can learn about and utilize educational and health solutions, reports Footprint to Africa.
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa
- Tags
- solar
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Africa’s Big Banks Are Betting on Fintech Startups and Bitcoin to Beat Disruption
African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos(most famously Safaricom’s M-Pesa in Kenya), banks here are increasingly seeing the continent as a testing ground for new financial technologies like bitcoin and the blockchain.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Sanergy, Inc., Which Wastes Not, Secures $1.7 million
Sanergy, Inc., a social enterprise that makes prefabricated concrete toilets that turn human waste into fertilizer, has raised $1.7 million to expand operations in Nairobi, where it is headquartered.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Major Telecoms Attain Financial Interoperability
Vodacom, the leading telecom in Tanzania is finally joining three others - Airtel, Tigo and Zantel - for subscribers to transfer money across multiple networks enabling the country achieve full interoperability.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Sanergy, Inc., which wastes not, secures $1.7 million
Sanergy, Inc., a social enterprise that makes prefabricated concrete toilets that turn human waste into fertilizer, has raised $1.7 million to expand operations in Nairobi, where it is headquartered.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
- Tags
- social enterprise, waste
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How Africa Internet Group Became Africa’s First Venture Capital-Backed Business to Be Valued at $1 Billion
Africa Internet Group (AIG), parent company to e-commerce brands like Jumia and Jovago, has become Africa’s first venture capital-backed business to be valued at $1 billion dollars after an $83 million investment from insurance company AXA for an 8% stake.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- venture capital
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Angola Faces Health Crisis as Oil Price Drop Leads to Cutbacks
When a plunge in oil prices prompted Angola's government to slash public spending last year, street trader Antonio Simao Baptista had no idea it would leave his rundown suburb overwhelmed by filth and disease.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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