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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Press Release: International Fund for Agricultural Development and Malawi to Build Resilience and Productivity of Small-Scale Farmers and MSMEs amid Ongoing Crisis
Agriculture is the country’s main economic activity, accounting for 30 per cent of its Gross Domestic Product (GDP) and 80 per cent of its export earnings.
- Categories
- Agriculture, Environment, Technology
- Region
- Sub-Saharan Africa
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Kenya Hit By Record 860 Million Cyber-Attacks In 2023
CA says the latest numbers make Kenya among the top three most targeted countries in Africa behind Nigeria and South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: Crossboundary Access and Mobile Power Announce $10 Million Partnership to Scale Battery Swapping Services Across Nigeria
CrossBoundary Access will finance the development and construction activities and will own the projects, while Mobile Power will ensure that residents receive clean, reliable electricity for years to come.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Apple and Acumen Launch Cohort to Help Uplift Lives of Poor While Protecting Environment
The program has been designed to help social entrepreneurs scale and refine their businesses to transform the lives of people living in poverty, while also protecting the environment.
- Categories
- Energy, Social Enterprise, Technology
- Region
- Asia Pacific
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South African Fintech Startup Stitch Announces $25 Million Series A Extension Round
The funding will be used by Stitch to continue building its end-to-end payments solutions.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- business development, MSMEs, scale
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Kenyan Legislative Committee Calls for Worldcoin Shutdown in the Country
The committee has recommended that the country develops “a comprehensive oversight framework and policies on virtual assets and virtual assets service providers in Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency, data, regulations
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India, Japan Launch $600 Million Fund for Low Carbon Emission Projects
The India-Japan Fund will target investment in sustainable projects.
- Categories
- Energy, Environment, Technology, WASH
- Region
- Asia Pacific
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