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Report: South Africa Went Cashless – Except for the Millions Who Didn’t
A new industry report argues that the sector mistook innovation for inclusion and left informal markets behind.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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WhatsApp Gets New Chief as Meta Taps India’s CRED Founder Kunal Shah and Invests $900 Million in Startup
India has emerged as a key battleground for Meta’s ambitions in business messaging and digital payments, areas seen as critical to WhatsApp’s next phase of growth.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Buy-Now-Pay-Later Reshapes South Africa Credit Landscape
A recent report reveals that BNPL is evolving beyond a simple payment tool and is increasingly serving as an entry point into the formal credit system for millions of consumers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, e-commerce, fintech, lending, research
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MTN Targets Nigeria’s $236 Billion Credit Gap as its $500 Billion MoMo Business Pushes into Lending
MTN Group is moving to turn its African mobile-money empire into something much bigger than a payments business, as the telecoms giant prepares to separate its fintech operations in Nigeria and Uganda, bring in strategic investors, and push into lending across some of the continent’s most underbanked markets.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Report: 810 Million Women Still Not Using Mobile Internet in Low- And Middle-Income Countries, Compared to 595 Million Men
Persistent barriers such as those related to affordability, skills and safety concerns continue to limit women’s digital inclusion in low- and middle-income countries.
- Categories
- Finance
- Region
- Global
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Nigeria’s CreditChek Raises $600,000 to Expand its Credit Data Infrastructure Across East Africa
With this new funding, CreditChek plans to deepen its integrations across key East African markets, working closely with banks, microfinance institutions, and fintech lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Financing the Future: How Off-Balance-Sheet Special Purpose Vehicles Could Fund Africa’s Cleantech Transition
Across Africa, founders are tackling some of the world’s most difficult development challenges with cleantech solutions that require significant capital expenditure. But according to Julia Lawson-Johns, and Amar Inamdar at KawiSafi Ventures, beneath this wave of innovation lies a capital architecture that is still too shallow to enable the scale these firms now require. They argue that off-balance-sheet financing via special-purpose vehicles could provide cleantech enterprises with an alternative means of securing upfront liquidity to finance growth, and explore how these vehicles could power Africa’s cleantech transition.
- Categories
- Agriculture, Energy, Finance, Investing, Transportation
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Africa Jobs Fund Launched to Mobilise $100 Million Philanthropic Investment to Boost Workers’ Incomes
The AJF launches as a fund of Renaissance Philanthropy, the non-profit founded by former White House science advisors Tom Kalil and Kumar Garg to design and run time-bound, thesis-driven philanthropic funds led by field experts.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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