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Viewpoint: Reforming Microfinance to Alleviate Poverty, Foster National Development
About 90 per cent of Nigeria’s businesses are considered microenterprises. Despite this huge number, easy access to funds has remained a challenge for most Small and Medium Enterprises, in spite of several government funding initiatives.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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New Banking Model At Play In Nigeria
Nigeria, Africa’s most populous nation, with about 190 million people, wants 80% of its citizens in the banking system by the end of 2020. The central bank reports that 36.8% of the adult population is excluded from the financial system.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Financial Inclusion in Africa To Be Boosted Following Launch Of This New Fund
In a bid to continue supporting financial inclusion in Africa, Dubai-based Investment banking advisory firm Nimai has unveiled a USD 150 Mn fund in a partnership with Kenya’s Victoria Commercial Bank .
- Categories
- Finance
- Region
- Sub-Saharan Africa
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China’s Sinking Online Lenders Seek Lifeline From Big Investors
Industry insiders are betting that a handful of closely regulated players will emerge from the cull. They envision a revamped model -- similar to the one adopted in America -- in which P2P platforms match small borrowers with institutional money managers and banks, instead of individual savers.
- Categories
- Finance
- Region
- Asia Pacific
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World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance
The Central Bank of Kenya and the Monetary Authority of Singapore yesterday announced the inaugural Afro-Asia FinTech Festival. Dubbed “FinTech in the Savannah”, the theme of the Festival is “Sustainable Finance: Inclusive and Green”.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Chipper Cash Convinces Joe Montana to Invest in African Fintech
Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion-plus population.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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This Is How Indonesia’s First Sharia-Fintech Company Closed Its Pre-Seed Funding
While announcing the fund raise, Dima Djani, founder and CEO of ALAMI, said, “Tryb’s Southeast Asian fintech expertise provides strong validation of our business model and key support for our growth plans.”
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, Islamic finance
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The Financial Inclusion Gender Gap is Wide. Which FinTechs Are Working to Narrow It?
Significantly more women than men around the world lack access to digital finance – and in some countries, the gender gap is actually getting worse. According to Alina Kaiser at DFS Lab, that's why her organization is bringing a gender focus to their own work. It's also why they're recognizing and rewarding the efforts of other organizations to tackle this gap, by launching the Female-Focused Fintech Prize. Kaiser discusses the problem and some potential solutions, and invites interested fintechs to apply for the prize – applications are open until May 15.
- Categories
- Finance, Technology
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