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Partners Release Study On Attitudes To Mobile Money In Africa
The study focuses on four countries of varying degrees of DFS market maturity: Cameroon, Democratic Republic of Congo, Senegal and Zambia. It is a knowledge product of the Partnership for Financial inclusion, a $37.4 million joint initiative of IFC and the Mastercard Foundation, to advance financial inclusion in Sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Lagos is set to overtake Nairobi as Africa’s startup capital
But over the past year, Lagos’ claim as the continent’s startup epicenter has gained currency. For starters, it’s the continent’s most valuable ecosystem with its startups typically raising far more in early-stage funding. It’s also home to e-commerce heavyweights such as Jumia and Konga and has birthed some of the continent’s best known startups including Andela, iROKO and Flutterwave which have all attracted major global investor interest.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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A startup disrupting the prescription drug business in Africa is getting major Silicon Valley support
MPharma manages prescription drug inventory for pharmacies and their suppliers in four African countries. It provides inventory financing to clients and is using its growing purchasing power to help lower the cost of prescription drugs for patients.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- startups
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Kenyan regulator to force collaboration on Safaricom, rivals
The Communications Authority of Kenya (CA) is set to introduce laws to impose mobile money service interoperability in the country after providers failed to deliver the change themselves, The Standard reported.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Press release: Shortlist to Acquire Spire Education to Enhance Talent Service Offerings in East Africa
“We’re thrilled to join forces with Spire, a move that will supercharge our joint capacity to support talent-forward companies in Kenya and beyond,” says Paul Breloff, co-founder and CEO of Shortlist.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- employment, startups
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Who Are Kenya’s Financially Excluded?
After a decade of significant declines in financial exclusion, these new numbers raise the question of whether the strongest mobile money markets, such as those in East Africa, might be reaching a plateau in financial access.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom’s eastern pivot
The company sees dynamic, fast-growing East Africa as a lynchpin of its growth strategy. In August, Vodacom Group wrapped up its R34.6bn ($2.6bn) acquisition of a 35% stake in Safaricom, the leading communications firm and mobile operator in Kenya, from parent company Vodafone.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Unlocking an Energy Revolution in Ethiopia With Lessons From the Black Market
A rapidly growing market for solar lanterns and home kits is driving an energy revolution in Ethiopia. Like many low-income countries in Asia, Africa and Latin America, Ethiopia is a point of focus for international development and finance institutions as well as donors. Such organizations are channelizing tens of millions of dollars into Ethiopia for energy access. In order to maximize the impact of their investments, they need to have an understanding of local requirements in order to provide tailored financial flows.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy