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A New Program Aims to End Africa’s Financial Gender Gap
Singer Angélique Kidjo is promoting Affirmative Finance Action for Women in Africa, a program that seeks to boost financing for female entrepreneurs. “Why do banks give more loans to men versus women? That’s the question I have,” she said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Why Mexico’s Fintech Sector Will Be One to Watch in 2020
Mexico has become a regional leader with more than 273 fintech ventures operating in the country. Over the past year, many of Mexico’s fintechs have also attracted significant investment.
- Categories
- Finance
- Region
- Latin America
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The Latest Marker of Chinese Interest in African Fintech Is a $120 Million Funding Round for OPay
Notably, OPay’s round follows on the heels of another major funding round by Chinese investors in an African-focused fintech startup after PalmPay raised $40 million in a seed round from Shenzhen-based Transsion Holdings, the top selling phone maker in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: MoneyGram and Wing to Launch a New Mobile Wallet Service in Cambodia
Under this partnership, MoneyGram customers can remit and receive money conveniently via Wing Money mobile app. Customers also have the option to cash out using any of 7,000 WING cash Xpress outlets in Cambodia.
- Categories
- Finance
- Region
- Asia Pacific
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World Bank Approves $150 Million Fund to Improve Ghana’s Education System
The World Bank’s Board of Directors has recently approved a $150 million fund for the Ghana Accountability for Learning Outcomes Project (GALOP). The fund is aimed at improving the quality of education for more than two million children in low performing basic education schools.
- Region
- Sub-Saharan Africa
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As Debt Grows, More Indian Women Farmers Taking Their Lives
A vicious debt cycle is forcing women in Maharashtra state's Amravati to take their lives as agrarian crisis persists.
- Categories
- Agriculture, Finance
- Region
- South Asia
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Is Mobile Money Too Expensive in Rwanda?
Despite the growth of mobile money penetration and transactions over the years, much of the money is cashed out or used for airtime purchases.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Debt Relief a Double-Edged Sword for South Africans Living on Loans
The situation of people like Rivele shows both the potential benefits - and unintended consequences - of a new law signed by President Cyril Ramaphosa in August, aimed at protecting vulnerable borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa