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African Fintech startups to look out for in 2018
From mobile money transfer apps to tech firms determined to help users save, these tech startups come from all over Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press release: Visa and Branch form micro-credit partnership
The loans will provide merchants with funds to grow their business through supplemental stock, infrastructure investment, and other key operational needs. Loans will be disbursed directly to the merchants’ phones.
- Categories
- Finance
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Facebook joins Uganda social media tax fray
The falling out over Uganda’s recently introduced social media tax could intensify after Facebook warned it will hold back infrastructure investments worth millions of dollars it was planning in the country.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Telecoms, Bank of Uganda want mobile money tax scrapped
Starting July 1, 2018 government introduced a 1% tax on all mobile money transactions and Shs 200/daily levy on social media usage. Following public outcry and pressure, government has since tabled an amendment bill, Excise Duty Amendment Bill No. 2, 2018 to have the mobile money tax reduced to 0.5% and only limited to withdrawals.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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How FinTech Firm MyBucks Plans To Offer Access And Financial Inclusion To Africa’s Unbanked
MyBucks has grown significantly since listing on the Frankfurt Stock Exchange two years ago, operating today in 13 countries.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s mobile money use drops by $182 million in two weeks
Mobile Money use fell by more than half a trillion Shillings following the introduction of tax on the transactions, Bank of Uganda (BoU) has said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Shifting Frontier: How Mobile Money is Reshaping the Gender Gap in Financial Inclusion
Mobile banking can undoubtedly be a useful tool when it comes to closing the financial services gender gap – with the key word being "can." But as the results of the Global Findex report show, fintech is no panacea for addressing longstanding disparities in financial access, and the gap between men and women remains great. Scott Graham of FINCA International explores the potential – and limitations – of digital finance to boost women’s inclusion and empowerment.
- Categories
- Finance
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Experian leads USD 28 mln investment to drive financial inclusion across Southeast Asia
Experian has led a USD 28 million Series C investment in C88 Financial Technologies Group(C88) to drive financial inclusion in Southeast Asia.
- Region
- Asia Pacific