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It’s about to get cheaper for over 500 million Africans to roam on their phone networks
Even as lower smartphone prices drive a digital revolution in Africa, many Africans still pay a significant amount of their income to make phone calls or surf the internet. According to the World Bank, Africans pay on average 25% of their monthly gross national income per capita in mobile cellular calls, compared to 11% in other developing nations.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Off-grid Solar set to triple in Africa
The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel. Off-grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Is Safaricom Entering the Ethiopian Market?
"We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter. Any information to the contrary is completely inaccurate," CEO Bob Collymore told The East African.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mobile subscriptions hit 40 million mark in Kenya, says Communication Authority
The number of mobile subscriptions in the country have risen to 40.2 million, the Communication Authority of Kenya reported on Friday
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ecobank launches mVisa across 33 African Countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level - and potentially huge gains - as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or person-to-person (P2P).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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New UN report reveals momentum for digital payments in Ghana could save over $230M within next four years
With 37 percent of the value of all payments now made digitally, Ghana is on course to be a leader in the region, with great potential to expand economic opportunities for businesses
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Funding struggle: Can Liberia’s controversial privately-run schools pilot continue?
Some funders are also said to be questioning the program after an independent evaluation released earlier this month showed mixed results for the public-private partnership’s first year. While researchers of the randomized control trial reported impressive learning gains among students, they also raised concerns about the program’s cost-effectiveness and its potential to negatively impact non-participating schools in the country.
- Categories
- Education, Impact Assessment
- Region
- Sub-Saharan Africa
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Nigeria: Dangote Group to Invest $4.6 Billion in Agriculture
The Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the company would invest $4.6 billion in nation's agricultural sector in the next five years.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa