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Press release: FINCA Impact Finance and KfW Announce USD 8.5 Million Subordinated Loan Facility for Democratic Republic of Congo
FINCA Impact Finance is furthering its strategy of diversifying its sources of funding to pursue digital transformation and promote financial inclusion through mobilizing deposits and local currency debt funding. In the past year, it has attracted worldwide attention and interest from the investment community after issuing bond offerings in its subsidiaries in Pakistan, Nicaragua and Armenia, allowing greater flexibility to manage foreign exchange and geographic risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bill Gates Foundation eyes Kenya’s mobile money with Mojaloop software
Mojaloop will be expected to connect the six mobile money providers and 44 registered banks upon securing approval.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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With a $10 million round, Nigeria’s Paga plans global expansion
The company is planning to release its payments product in Ethiopia, Mexico, and the Philippines— CEO Tayo Oviosu told TechCrunch at Disrupt San Francisco.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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Fewer Poor People are Saving: What Does That Mean for Microfinance and Mobile Money?
As the world grows richer and the financial inclusion movement steams ahead, savings rates are abysmally low across the globe. In fact, over half of all adults on the planet saved nothing in the last year – neither bank deposits nor cash stuffed in drawers. In the third of a four-part series analyzing the much-discussed 2017 Global Findex, Scott Graham of FINCA International explores the savings habits of individuals worldwide – particularly in the developing world – and the implications for financial services providers.
- Categories
- Finance
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MTN’s successful IPO in Ghana shows the far-reaching potential of mobile money in Africa
MTN successfully pulled off a first: a historic initial public offering done mainly through mobile money.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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EFInA Boosts Financial Inclusion in Nigeria with $2m FinTech Challenge Fund
The fund is expected to boost the usage of financial services by the low-income population in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: WorldRemit launches digital money transfers within Africa
Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tanzania’s Nala wins Ecobank Fintech Challenge
After being named overall winner of the annual challenge, which is run annually by Ecobank and was last year won by Nigerian fintech startup IroFit, Nala walks away with US$10,000 in prize money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups