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What Is Celo and Could It Succeed Where Libra Won’t?
Celo promises to be a stablecoin to rival Libra. While unlikely to be regarded with the same distrust as Facebook’s much-maligned digital currency, Celo will still have its share of challenges relating to regulation and scale.
- Categories
- Finance, Technology
- Tags
- cryptocurrency
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Farmers Turn to Mobile Apps as Traditional Markets Shut Down
Farmers and fresh produce traders in the South Rift region have turned to social media and farm-based sales to bridge the market gaps brought by the Covid-19 pandemic.
- Categories
- Agriculture, Coronavirus, Technology
- Region
- North Africa & Near East
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Press Release: Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective.
- Categories
- Coronavirus, Finance, Technology
- Region
- North Africa & Near East
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An Unlikely Mobile Money Success Story: How Somalia’s Civil War Laid the Foundation for a Cashless Society
Somalia has been ravaged by civil war, and the repercussions of the conflict continue to this day. Yet out of this violence and economic turmoil, a thriving mobile money ecosystem has emerged. According to Ahmed Muhamud Yuusuf at Hormuud Telecoms, the country has become the world’s first truly cashless economy. He explores the many positive impacts this accomplishment has had.
- Categories
- Finance, Technology, Telecommunications
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Scaling Big Data for Social Good: Weighing the Benefits and the Risks
Each day, the world generates about 2.5 quintillion bytes of data, and the entire digital universe is expected to hit 44 zettabytes this year. According to Hayden Dahmm at SDSN TReNDS, this data can provide major benefits if it's shared between the public and private sectors – but the risks are equally significant, particularly in emerging markets. He explores how to ensure that big data is used safely and ethically.
- Categories
- Technology, Telecommunications, Transportation
- Tags
- public policy
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Biometrics Support Financial Services Efficiency in Malawi, Nigeria and Ghana as UNHCR Ramps Up in Niger
The biometrics business continues as normal in parts of Africa.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital identity
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Jack Ma Boosting Africa’s Tech Innovation with Netpreneur Award
The Africa Netpreneur Prize Initiative (ANPI), set up by the Jack Ma Foundation, which is attracting a prize money increase to $1.5 million from $1 million, will enhance technology innovation among African entrepreneurs, writes Emma Okonji.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- philanthropy
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Viewpoint: How Emerging Fintech Can Help Latin America Deal With the Challenges of COVID-19
Currently, there are 703 fintech startups operating in Latin America, with more than 50 percent being launched in the last six years. Still, more can be done to expand this burgeoning market, with endless socioeconomic benefits.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America