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Digital Tech Is Turning the Unbanked Into the Banked
More people have accounts than ever. Here’s what we need to do next.
- Categories
- Finance
- Region
- Global
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How the Pandemic Accelerated Financial Inclusion Around the World
The World Bank’s Global Findex 2021 report shows the digital revolution, which accelerated during the Covid-19 pandemic, has transformed the financial services sector.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
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African Fintech Startup Yellow Raises $20 Million in Debt Financing
Yellow builds cutting edge software to enable its sales force to serve customers in Africa enabling access to off-grid solar.
- Region
- Sub-Saharan Africa
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Tanzania Slashes Controversial Mobile Money Levy
The levy charged on sending, receiving money using mobile phones drew criticism for heaping burden on people.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Leveraging SME Financing as Engine of Economic Growth and Job Creation in Sierra Leone
According to a new World Bank economic analysis for Sierra Leone, small and medium enterprises (SMEs) are critical to achieving goals of economic diversification.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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G7 Pledges to Invest $600 Billion Into Infrastructure for Developing Countries
Group of Seven leaders pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries.
- Region
- Global
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Healthtracka Raises $1.5 Million to Accelerate Inclusive Healthcare Across Africa
Healthtracka will utilize the funding to scale its B2B2C offering where partner companies in Nigeria can deliver at-home testing to their employees and accelerate its growth beyond current reach.
- Categories
- Finance, Health Care
- Region
- Sub-Saharan Africa
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