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Kenya sets aside funds to develop domestic mobile phone industry
Kenya’s minister of information, communication and technology said on Tuesday that the government had set aside 1 billion shillings ($9.90 million) to help local start-ups in the mobile telephone software and hardware segments to grow.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Mauritius-based startup works on first Africa-developed blockchain
A Mauritius-based startup is working on the first highly-efficient mobile blockchain developed in Africa, which it says is set to see large-scale consumer adoption by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, startups
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SoftBank and Singtel are leading a pre-IPO $1.25 billion investment in Africa’s No.2 mobile phone company
Money raised from going public, alongside some of the new funding, will go towards cutting down the company’s existing $5 billion debt.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Report: Ban on Aadhaar linking may crimp growth of financial players in India
Last month, the Supreme Court had declared the government's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions.
- Categories
- Finance, Technology
- Region
- South Asia
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SEC launches a fintech hub called FinHub for Innovation and Financial Technology
The new portal will publish all the recent data from the SEC, and additionally, give a chance to start-ups to ask their very own inquiries and receive advice on the regulation of their venture.
- Categories
- Finance, Technology
- Region
- North America
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Africans Fear Trend Toward Taxes on Data, Mobile Money
The telecom companies say taxes on mobile payments introduced by a string of countries hurt their revenues and threaten much-needed investment in infrastructure.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Gates Foundation Partners Ripple and Coil in Financial Inclusion Initiative
Other than implementing Ripple’s Interledger Protocol, ways of using open source payments software MojaLoop to enable disbursement systems geared towards the poor will be explored. Gates Foundation provided the funding which financed the development of MojaLoop (which borrows the Swahili word Moja, meaning one).
- Categories
- Finance, Technology
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IFC and Alipay Announce 10×1000 Tech for Inclusion Programme to Inspire Technology Leaders in Emerging Markets
Alibaba Group founder and Executive Chairman Jack Ma said that the programme aims to build an interactive and open platform to increase support for tech leaders and skilled individuals who are working to alleviate poverty and make basic financial services more broadly accessible in Indonesia, which will be the first stop of the programme within emerging markets.
- Categories
- Finance, Technology
- Region
- Asia Pacific