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Safaricom Gets Approval to Launch M-Pesa in Ethiopia
M-Pesa, the Kenyan mobile money service success story that began in 2007, is continuing its expansion, this time into Ethiopia.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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South African Digital Identity Startup iiDENTIFii Raises Record $15 Million
Cybercrime within the financial sector is a growing threat to Africa. iiDENTIFii will use this investment to fund its expansion across the continent.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Wiocc Secures R540-Million Equity Investment for Expansion in Africa
This investment supports our goal of establishing an integrated, open-access, core-to-edge cloud ecosystem throughout the African continent.
- Categories
- Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Bringing Digital Innovation to the Global Art Market: An Innovative Platform Connects International Buyers to Emerging Markets Artists
Business models across all industries are rapidly embracing digital technology. But as Srikaran Masabathula at TapArt explains, the global art market remains stuck in its centuries-old, brick-and-mortar sales and distribution model – a model that perpetuates the age-old inequities in the art world, preventing talented artists from emerging economies from selling their artwork to global art buyers. He explores how TapArt is leveraging digital innovation to address these critical shortcomings and create a vibrant connection between art lovers and artists worldwide.
- Categories
- Technology, Telecommunications
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Analysis: Francophone Africa’s First Unicorn Is Disrupting the Region’s Mobile Money Market. But Can It Last?
Wave’s rise has burst open the mobile money landscape in the West African country by fueling competition with existing players.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Why Credit is Key to Unlocking Africa’s Consumer Markets and Boosting Economic Growth
Africa’s consumer market is one of the fastest-growing in the world. But as Fehintolu Olaogun at CredPal points out, this growth has primarily occurred without consumer credit, as most sub-Saharan African economies remain cash-driven at the retail level. He explains why African markets need the kind of organized credit systems that are enjoyed by consumers in more developed markets, and explores the impact that credit access can have on e-commerce, informal commerce and overall economic growth in the region.
- Categories
- Finance, Telecommunications
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To Tax or Not to Tax Mobile Money: The Impact on Digital Financial Services in Africa and Beyond
Mobile money is widely seen as a promising engine for global development. But governments in Africa are also increasingly viewing it as a lucrative source of tax revenue. With critics raising concerns about the impact of taxing mobile money and other digital financial services, Adrienne Lees and Phil Mader at the Institute of Development Studies explore whether existing research can inform any confident predictions about the effects of these taxes on providers, customers and the broader financial inclusion sector.
- Categories
- Finance, Telecommunications
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M-Pesa Completes Bill Payment Interoperability in Kenya
To boost financial inclusion, Kenya wants to interconnect the various mobile money platforms that are active in the national territory.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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