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AI Risk Management in Digital Finance: Protecting Africa’s Underbanked from Invisible Threats
Digital finance has been a game-changer for financial inclusion across Africa. But as information technology security analyst Nathaniel Adeniyi Akande explains, many communities remain excluded — and though AI-powered lending tools offer new opportunities to reach them, these tools also introduce new risks that can undermine trust or even exclude the people they are designed to serve. He argues that it is digital lenders’ responsibility to anticipate and mitigate these threats, and explores several practices that are essential to AI risk management in the sector.
- Categories
- Finance, Technology
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Analysis: A Defining Moment for African Economic Transformation
For the first time, the world’s largest economies gathered on the continent to examine the unfair cost of capital, the inefficiencies that block domestic investment, and the reforms needed to support Africa’s trajectory toward a more prosperous, equitable future.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Zazu Raises $1 Million Pre-Seed Round to Reinvent SME Banking Across Africa
With more than 50 SMEs already in beta and over 1,000 businesses on its waitlist, Zazu aims to serve Africa’s 50 million underserved SMEs.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs, startups
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Mastercard Unveils SME Card With Built-in Cybersecurity Solutions to Help Small and Medium Businesses Thrive in the Digital Economy
The innovative features, including my cyber risk and identity theft protection, help protect SMEs from growing cyber threats while supporting their digital transformation.
- Categories
- Finance, Technology
- Region
- Latin America
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BHub Raises $10 Million to Bring AI to Brazil’s Accounting Market
BHub, a Brazilian financial back-office solution for SMEs in Latam, raised a $10M extension round, bringing its total funding to $55M.
- Categories
- Finance, Technology
- Region
- Latin America
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Analysis: How Wise’s Entry Into South Africa Could Transform International Money Transfers
This marks Wise’s first fully licensed operation on the African continent, a milestone with big implications.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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African Development Group Group Grants $100 Million Loan to EAAIF to Support Sustainable Infrastructure
The financing, approved by the Board of Directors, will help the Fund attract private investment and support projects in renewable energy, digital connectivity, transport and other key sectors that promote inclusive growth and climate resilience.
- Categories
- Finance
- Region
- Global
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Financing Off-Grid Solar: A Pioneering Provider in Honduras Shows the Impact of Diversified Funding
Honduras is one of the poorest countries in Latin America and the Caribbean, and many of its most remote regions remain unserved by the electricity grid. Richenda Van Leeuwen at Hummingbird Green Solutions and Richard Stuebi and Jesse Colman at Boston University explore how Soluz Honduras is bringing freezers and other solar products to these markets by leveraging a variety of different financing models — an approach that shows how diversified funding can enable businesses to serve even the hardest-to-reach areas and the poorest of customers.
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