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Airtel Africa to raise $750 million via IPO to reduce debt
Airtel Africa has a presence in 14 countries in Africa. As on December 31, 2018, Airtel Africa was the second largest mobile operator in Africa by number of active subscribers, according to Ovum.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Fintech Adoption up 64% With India and China in the Lead
Fintech adoption rate has risen to an average of 64% this year, with emerging markets like China and India leading the way, according to a report by Ernst & Young (EY).
- Categories
- Finance
- Tags
- fintech
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Kenya Is Mobile Cash King but Ghana and Rwanda Lead in Reach
This means that seven out of every 10 Kenyans are using their mobile phones to access their bank accounts for services to save or get loans coinciding with a change by the lenders and micro-financiers to adopt mobile and digital platforms that cut on operational costs.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Press Release: Mastercard and USAID Extend Relationship to Support Women Entrepreneurs
“At the U.S. Agency for International Development, we know that investing in women builds resilient, self-reliant, and prosperous societies,” said Mark Green, USAID Administrator. “USAID's partnership with Mastercard will accelerate the achievement of these goals by leveraging the collective resources and expertise of the U.S. Government to unlock the full economic potential of women around the world.”
- Categories
- Finance
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Press Release: First-Of-Its-Kind U.S. Government Blended-Finance Fund to Empower Women in Developing Markets
The WAM fund is a blended-finance vehicle designed to attract private capital in developing markets by offering protection to commercial investors by lowering the risk of loss. This blended-finance approach seeks to catalyze capital to create a $100 million fund to invest specifically in women’s financial inclusion.
- Categories
- Finance
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Report: Mobile Money Transfers Remain Costly for the Poor
Kenya is among the top five African countries in mobile penetration, even though the cost of mobile transactions remain high for poor households and businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Bitcoin in Africa – What Needs to Be Done to Encourage Adoption?
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Raises $175m at $900m+ Valuation to Help Users Send Money to Contacts in Emerging Markets
The company has to date focused on providing remittance services to individuals, specifically to help people living and working abroad to send money to friends and family back home, by way of an app.
- Categories
- Finance
- Tags
- remittances
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