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U.S.-Based Fintech Venio Launches Developing World-Focused Smartphone App to Make Nano Loans
The app is the first-ever smartphone-based nano lending service for developing countries, Venio said in a statement.
- Categories
- Coronavirus, Finance, Technology
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Airtel and Telkom Discontinue Merger Plans
The disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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GSMA and WFP Launch Mobile Money Program to Distribute Disaster Relief
The GSMA will be working with the United Nations World Food Programme (WFP) to provide civilians with financial relief during humanitarian crises. Examples include pandemics and natural disasters, although the program is not limited to those specific situations.
- Categories
- Coronavirus, Technology
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Interview: Rwanda Harnesses Technology to Fight COVID-19, Drive Recovery
In a conversation with IMF Country Focus, Rwanda’s Minister of State in Charge of National Treasury Richard Tusabe explains how his government is leveraging technology and grass-roots networks to fight the spread of COVID-19 and ensure financial support for households and businesses.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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How Africa’s Biggest Telecom Companies Are Diversifying Their Revenue Streams
Over the last few years, Africa’s biggest telcos have been diversifying their revenue away from voice services. But the pandemic shows they still have more to do.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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10 Startups Named Finalists of Ecobank Fintech Challenge
10 startups have been named finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets.
- Categories
- Finance, Technology
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Tech Helps Cashmere Herders, Hazelnut Farmers Fight Soil Erosion in Asia
Nakimo benefited from a programme by social enterprise Mountain Hazelnuts that aims to find sustainable uses for fallow land and prevent soil erosion - an increasing challenge for small-scale farmers in the Himalayan nation.
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
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Analysis: Could Digital Currencies Make Being Poor Less Costly?
Blockchain-based payment systems can bring the more than 1.7 billion people who are unbanked or underbanked (including 25% of U.S. households), into the formal economy. And in doing so, they can render obsolete the expensive, usurious payment and informal financial services those people use to make ends meet.
- Categories
- Finance, Technology