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Report: Leveraging digital to unlock the base of the pyramid market in Africa
The level of formal banking and insurance penetration across Africa remains low due to the fact that consumer spending power for the majority of the population is low and unsteady. This has been seen as a hindrance to providing products and services through traditional distribution models, even though this market represents the majority of spending power in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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d.light partners with microfinance institution Musoni for off-grid solar in Kenya
D.light’s managing director for Africa, Jacob Okoth, said that the partnership made perfect sense for the two companies, as they target the same customer segment. Musoni works to expand financial outreach in rural areas and d.light’s mission is to continue to work towards rural electrification.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Guarantees Transforming Impact-Investing Finance
“Guarantees are underutilized in impact investing, and hence there’s great potential for scaling their use,” says Abhilash Mudaliar, director of research at the GIIN.
- Categories
- Investing
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The real promise of regulatory technology in financial inclusion
Financial authorities could someday run digitally, but getting there is not going to be easy. In many countries, regulators today often use fax machines, let alone cloud-based software and analytics. And yet, the future of the financial sector depends on modernizing regulatory authorities.
- Categories
- Uncategorized
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International Finance Corporation to invest USD $21 million in Grameen Koota
The renewed trust by these marquee investors is expected to provide more comfort to local lenders who finance MFIs for on-lending.
- Categories
- Investing
- Region
- South Asia
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Zimbabwe: $90m Package for SMEs Unveiled
Of the $90 million facility, $10 million will go to horticulture, $15 million to cross border traders, $40 million for the gold facility, $15 million for women empowerment, while $10 million has been earmarked for business linkages.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Press Release: Global Accelerator Learning Initiative Releases Second Major Report
Accelerating Startups in Emerging Markets: Insights from 43 Programs examines data from over 2,400 early- stage ventures that applied to 43 acceleration programs run by twelve different organizations in nine countries. The report, developed in partnership with Deloitte Canada, compares the performance of accelerators in emerging markets with those operating in high-income countries (categories as defined by the World Bank).
- Categories
- Uncategorized
- Tags
- research
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Kenya, Rwanda and Tanzania Join World Economic Forum in Promoting Financial Inclusion in East Africa
This effort aims to develop collaboration between policy-makers, private-sector providers of financial services and their clients, and other relevant actors. East Africa has already made significant strides towards financial inclusion, leveraging digital and other means to raise the number of adults that have an account to 34 percent in 2014, up from 24 percent in 2011.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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