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Giving poor people cash is a good idea. Giving entrepreneurs cash might be a great one
As the country’s population continues to grow—the median age of in the country is only 18—the economy is struggling to create jobs at a sufficiently fast pace.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Zimbabwe is hiking mobile money taxes to plug its fiscal deficit, but it could backfire
In a country with a history of cash shortages, multiple currencies and hyperinflation, mobile money had become a key payment alternative. Cash is hardly ever accessible in Zimbabwe as banks frequently run out of monetary notes, leaving mobile money and bank cards as the only transaction options.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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These are Africa’s most genius companies of 2018
According to the Times Magazine, these companies are driving progress and creating a creative solution to a problem - and those solutions sometimes change the world.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Western Union Makes Digital Push Amid Fierce Competition for Money Transfers
Of the $81.8 billion Western Union consumers transferred in 2017, 91% was sent across international borders. Raj Agrawal, finance chief of the company, estimated that westernunion.com money-transfer revenue—which includes use of the mobile app—last year topped $400 million, or about 11% of consumer revenue.
- Categories
- Finance
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LeapFrog invests in Pyramid Group
Founded in 2001, the company offers a comprehensive range of quality medical products from top-tier brands including Medtronic Plc and Johnson & Johnson, opening-up access to specialised products like pacemakers and hip replacements for consumers in Africa who historically have had to travel abroad to access specialist products and treatments.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Viewpoint: How India Could Transform Africa
An Aadhaar-like digital ID system would boost growth as much as Chinese-built roads.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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African financial technology startups move beyond payment services
If mobile money was the first phase in the development of digital finance in Africa, the next phase of digital financial services on the continent will focus on lending, insurance and wealth management
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press release: FINCA Impact Finance, MEF and BlueOrchard Announce USD 20 Million Loan Facility
The three-year revolving loan facility will enhance FIF's ability to manage liquidity throughout its network of 20 banks and microfinance institutions (MFIs) and leverage the resources of MEF, an innovative provider of impact capital, and BOMF, the world's first and largest commercial microfinance investment fund.
- Categories
- Investing
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