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What Will It Take for the New Gates-Led Clean Energy Fund to Be a Breakthrough?
Last week, Bill Gates, the co-founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, announced Breakthrough Energy Ventures, a $1 billion fund that will invest in clean energy innovation.
- Categories
- Investing, Technology
- Tags
- renewable energy
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IFC to lend $100m to Indonesian bank BTPN
Indonesia’s Bank Tabungan Pensiunan Nasional (BTPN) will receive $100 million in loans from the International Finance Corporation (IFC), according to a filing. The loans will be used to fund the growth of BTPN’s micro, small and medium enterprises businesses (MSMEs). It will also be channeled to women borrowers.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments
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Nigerian Fintech Startup Lands $1.3 Million in Investments
Nigerian fintech startup Paystack, announced today that it has closed in on $1.3 million in seed investment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Demonetisation and digital transactions will never stop corruption in India. Here’s why.
If digital transactions could curb corruption and black money , Kenya would have be en the most transparent country in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund (IMF) journal.
- Categories
- Technology
- Region
- South Asia
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Nigeria planning to create 3 million new jobs by 2025 from digital financial inclusion
Nigeria is planning to create three million jobs by 2025 from digital financial inclusion according to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele said this would be achieved when there is increased adoption of digital financial services, adding that a 90% reduction in the cost of providing financial services is a further goal.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigeria sets up a committee to study Bitcoin penetration
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Commission (NDIC) have set up a committee to investigate the growing trend of bitcoin use, according to the government-owned broadcasting station, the Voice of Nigeria. The news was revealed on Friday by NDIC Managing Director Alhaji Umaru Ibrahim at the 2016 Workshop for Financial Correspondents in Kaduna.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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How Bitcoin will (and will not) work in Africa
Digital money can be traced when payments are made, providing transparency and trust in transactions. It can be managed by more than one party at a time (such as a mobile operator and a user), it can’t be easily stolen when it’s stored or transferred, and it can “travel” any distance in seconds.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenyan Banks Are Closing in on What They Think Will Be the Perfect M-Pesa Disruptor
Early next year, Kenyan banks are expected to unveil a digital and mobile money transfer platform to rival M-Pesa’s longstanding dominance as the scramble for cashless payments intensifies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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