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Orange Eyes Ethiopia Move in Battle for New African Market
Orange SA is considering a bid for a minority stake in Ethiopia’s state-owned phone monopoly as Africa’s second-most populous country prepares to welcome foreign telecommunications investors for the first time.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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African Fintech Dominates Catalyst Fund’s 2019 Startup Cohort
The organization announced its 2019 startup cohort and three out of the four finance ventures — Chipper Cash, Salutat and Turaco — have an Africa focus (Brazil-based venture Diin, was the fourth).
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Moving Beyond Credit: Why Savings Should Take Center Stage in Digital Financial Inclusion
As mobile money continues to overtake traditional banking in emerging markets, putting financial services within reach of the unbanked, credit remains front and center in the conversation. But Buhle Goslar at JUMO says it's time to focus on an important yet underutilized tool that could help promote a well-rounded, healthy financial life for excluded customers – savings. She details how new tech and training programs can go beyond simple access and towards a new culture of savings.
- Categories
- Finance, Technology
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Facebook Plans Own Mobile Money Wallet Based on New Libra Currency
Facebook has released more details of its planned currency Libra. The first product will be a digital wallet designed to make it easy to save, spend and transfer money over the internet. The wallet will be available in Messenger, WhatsApp and as a standalone app, with an expected launch in 2020, the company said.
- Categories
- Finance, Technology
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M-Pesa, Airtel Money Set for Split in New Bill in Kenya
Safaricom, Airtel and Telkom Kenya will be required to split their telecommunications business from their mobile money transfer and lending units if a Bill set to be presented for debate in Parliament is passed into law.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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How Blockchain Can Enable Economic Inclusion of Refugees
For Syrian and other refugees travelling to Europe, emerging blockchain-based solutions can play a vital role in facilitating labour recruitment and data exchange of jobseekers in a trusted and secure manner, enabling refugees to find a job or start a business.
- Categories
- Finance, Technology
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Viewpoint: Impact Investing Can Unlock the Potential of Blockchain in Africa
Impact investors should wake up to the potential of blockchain. The positives of security and transparency via distributed ledgers outweigh the negative perceptions, such as the ICO bubble.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Can Banks Play a Role in Improving Resilience to Climate Change?
In this article, we share some of the recent evidence on these tools––specifically, savings groups, digital financial products, remittances, and flexible credit products. We believe these findings can help FSPs when designing products for poor households around the globe, and we also encourage more testing to ensure such products are both profitable for providers and beneficial for consumers.
- Categories
- Environment, Finance
- Tags
- climate change
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