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MTN Teams up With Mastercard on Mobile Wallets in Africa
Africa’s leading mobile operator MTN has partnered with payment platform Mastercard to add online payment functions to its mobile wallet for user across its fintech footprint.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaian Smallholder Farmers
AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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AFEX Raises $50 Million for Agri-SMEs, Africa’s First Warehouse Receipt Backed Commercial Paper
AFEX Commodities Exchange Limited (AFEX), Nigeria’s leading private commodities exchange company, has announced the first Warehouse Receipt Backed Commercial Paper in Africa, with tech-enabled operations and a 24-hour fast cash turnaround for borrowers.
- Categories
- Agriculture, Finance, Social Enterprise
- Region
- Sub-Saharan Africa
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Kenyan Startup Finplus Passes $500 Million Transaction Value Mark
Kenyan fintech startup Finplus Group has announced its software has now processed over US$503 million in combined transaction value in less than four years of operations.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: BharatPe Raises USD $108 Million in Series D Funding at USD $900 Million Valuation
BharatPe, India’s leading financial services company for merchants, today announced that it has raised US$ 108 mn in Series D equity round, at a valuation of US$ 900 mn.
- Categories
- Finance
- Region
- Asia Pacific
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Togo: Microfinance Institutions Slow Down on Lending as Overdue Loans Spike Amid COVID-19 Pandemic
Amid the Covid-19 pandemic, microfinance institutions active in Togo considerably lowered loans to the public in the nine first months of 2020.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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How Digital Technology Is Reshaping Rural Microfinance
“When most people think of microfinance, they think of group-lending programs or maybe even mobile money systems like M-Pesa,” said Carter. "But there are other opportunities with mobile phones, satellites and other digital technologies to enhance access to small scale financial services to low-wealth rural households in developing countries.”
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ethiopia Sees Jump in Mobile Payments Despite COVID-19
COVID-19 has created many disruptions in Ethiopia this year, impacting both merchants and consumers. The World Health Organization warned that paper currency can risk spreading the virus, and encouraged adoption of digital payments as a safer alternative.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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