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Nigeria’s First Commercial Contactless Payment Solution Deployed
Teasy Mobile Money has announced the successful deployment of Nigeria’s first commercial near field communication (NFC) contactless payments solution.
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- Sub-Saharan Africa
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SMEs in Developing World Need More Than $2 Trillion, Says International Finance Corporation
The International Finance Corporation (IFC), the private sector arm of the World Bank Group has estimated this financial needs of small and medium scale enterprises in Africa and other developing countries.
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- Sub-Saharan Africa
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The Great Equalizer: How advances in “big data” allow tech-savvy start-ups to compete with the major players in East Africa
Thanks to the availability of fast, inexpensive data, start-ups with technology-enabled models can create scaled products and innovate much faster, smarter, and more cheaply than incumbent institutions. Accion Venture Lab’s Nate Gonzalez discusses why this is particularly relevant to the SME lending space in East Africa.
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OPINION: Why Giving Cash Helps Alleviate Poverty
Every year, wealthy countries spend billions of dollars to help the world’s poor, paying for cows, goats, seeds, beans, textbooks, business training, microloans, and much more. Such aid is designed to give poor people things they can’t afford or the tools and skills to earn more. Much of this aid undoubtedly works. But even when assistance programs accomplish things, they often do so in a tremendously expensive and inefficient way.
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The do’s and don’ts of agent banking
Agent banking is now a buzzword in the banking industry. Its importance is immense in paving the way for financial inclusion. But, many of us, including bankers, still do not have a clear perception of agent banking, its services, risks and responsibility and other regulatory issues.
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World Bank to Spend $8 Billion on Nigeria Over Four Years
The World Bank said it will provide Nigeria with projects worth $8 billion targeting job creation, social services and governance as part of its new country partnership strategy with Africa’s largest economy.
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- Sub-Saharan Africa
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Weekly Roundup – 4/25/14: Ringing the Bell on Social Enterprise, Remembering Rana Plaza
Each week the New York Stock Exchange invites a different group to ring the opening and closing bells to start and stop the day’s trading. On Monday, a new group did the honors: representatives from the U.S. National Advisory Board (NAB) to the Social Impact Investment Task Force. While the bell ringing is purely symbolic, the symbol is important nonetheless: Impact investing has moved from the fringe to the mainstream – or at least mainstream recognition.
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African Development Bank’s SME Program: Enhancing Inclusive Growth and Job Creation in Africa
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.
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