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Central Bank of Zambia Approves k2.3 Billion for Businesses to Remain Afloat
THE Bank of Zambia (BoZ) has approved K2.3 billion for microfinance institutions and commercial banks to help businesses remain afloat amid the coronavirus impact.
Association of Microfinance Institutions in Zambia (AMIZ) president Jetty Lungu said loan applications valued at K4.6 billion were made by microfinance institutions and commercial banks and only K2.3 billion was approved.- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Press Release: Sparkle Officially Launches: A New Digital Ecosystem to Transform the Lives of Nigerians Across the Globe
Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), has been built to help Nigerians fulfil their potential. Sparkle offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle once and for all.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: 1 in 9 Rwandans Owns a Business
The Rwandan business scene has grown over the last 4 years with about 800,000 Rwandan adults owning a business, the recently released 2020 FinScope Survey Report shows.
The survey established that the number of Rwandans who own businesses had grown by 200,000 from 2016.- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Press Release: Africa Netpreneur Prize Initiative Joins Forces With Ecosystem of Partners for the 2020 “Africa’s Business Heroes” Competition
The Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI) has joined forces with local partners from across Africa to identify and mobilise innovative, resilient, and mission-driven African entrepreneurs, as well as support them throughout the application and selection process of the second edition of the Africa’s Business Heroes prize competition (ABH).
- Categories
- Education, Entrepreneurship
- Region
- Sub-Saharan Africa
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Pandemic Strengthens African Bank Digitization
Within Sub-Saharan Africa, Mobile Money Providers Have Waived or Reduced Transaction Fees While Governments Are Encouraging Digital Payments as a Strategy to Wean off Person-To-Person Contact.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Meet the Agritech Entrepreneurs Who Just Raised $6 Million to Help Farmers in Kenya Grow Their Business
Our research Powering Youth Employment through the Mobile Industry in Sub-Saharan Africa by 2025 found that as of 2018, the mobile industry directly employed 1.2 million youth (three out of five people) in the informal sector, in roles predominantly associated with distribution (e.g. airtime resellers). We also estimated that by 2025, total direct employment in the sector will grow by 26%, accounting for 2.4 million jobs, 500,000 of which will be new jobs.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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The Impact of COVID-19 on Youth Employment in Sub-Saharan Africa: A Roadmap for the Mobile Industry
COVID-19 has significant impact on SSA, particularly on its informal sector. The mobile industry has never been more relevant and holds the potential to be transformative in its social impact. The industry was on track for growth and well placed as a driver of youth employment in SSA. Whilst by no means unaffected, there are reasons to believe that the industry will continue to be a driver of youth employment on the sub-continent. The doom and gloom of COVID-19 does not have to be all-encompassing and we must look towards the future and harness the opportunities it may hold.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Digital Financial Services Could Fast-Track UN SDGs
Change is afoot in Africa as governments work tirelessly to identify their most vulnerable citizens for emergency disbursements. Banks, mobile money operators and Fintech firms are providing innovative solutions to meet their client needs and this may be a significant opportunity for lasting positive change.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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