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OPay and Moniepoint Issue $17 Million Verve Cards as Nigerian Fintechs Switch From Visa and Mastercard
A change in consumer behaviour and macroeconomic conditions are leading Nigerian banks to issue local cards like Verve to customers, dumping international card schemes like Visa and Mastercard.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Report: IMF Unveils Artificial Intelligence Preparedness Index for 174 Nations
While acknowledging AI's potential to enhance productivity, stimulate economic growth, and increase incomes, the IMF also highlighted its potential to disrupt labor markets.
- Categories
- Technology
- Region
- Global
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Report: Global Remittances Slowed in 2023, Seen Rising in 2024 — World Bank
Remittances remained a crucial source of external finance for developing countries in 2023, bolstering the current accounts of several countries grappling with food insecurity and debt issues.
- Categories
- Finance, Technology
- Region
- South Asia
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OpenAI Cuts Its Last and Most Important Link to China
On July 9, developers in China will lose API access to all OpenAI platforms, the final step in a slow process of cutting off the country’s access to U.S.-based machine learning tools.
- Categories
- Technology
- Region
- Asia Pacific
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Elon Musk’s Starlink Cheaper Data Plan for Kenya Jolts Safaricom, Airtel
The Starlink package is likely to usher in stiff competition for Safaricom and Airtel in the data segment.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- data, digital inclusion
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Off-Grid Energy Leader ENGIE Energy Access Launches 15 Solar Mini-Grids in Zambia, Targets 60 by 2025
ENGIE Energy Access will provide reliable electricity to underserved families and small businesses, creating economic growth and increasing socio-economic welfare in local communities.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Kathmandu Is Making Taxi Drivers Switch to EVs. Not All Drivers Can Afford One
The Xpres-T, made by Indian carmaker Tata, is the only EV approved for use as a taxi in Nepal. It costs $27,000 — several years’ income.
- Categories
- Energy, Technology, Transportation
- Region
- Asia Pacific
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Orange Energies Opens Digital Platform for Energy Companies
According to the business, the IOT platform addresses the profitability difficulties that African energy producers confront by lowering the risk of non-payment.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
