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Rise of pan-African banking could raise between $490-$950bn in additional credit for sub-Saharan Africa
To date, Sub-Saharan Africa (SSA)’s financial sector remains relatively small and underdeveloped. However, African banks have started to expand their footprint across Sub- Saharan Africa. The number of cross border subsidiaries of African banks has almost tripled since 2002 and there are now ten pan-African banks (PABs) with a presence in at least ten SSA countries, and one with a presence in over 30 SSA countries.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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$1.5 Billion Microgrid Market Opportunity Emerges in Kenya
A confluence of innovation, risk taking, and public and private effort has created a five-year, $1.5 billion microgrid market opportunity in Kenya, leading Germany’s TFE Consulting to dub the East African nation, “The World’s Microgrid Lab.”
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Fintech can cut remittance costs to a fraction
An estimated 800m people around the world are now directly reliant on remittances. According to research by the International Fund for Agricultural Development, global remittances to developing countries increased by 51% between 2007 and 2016 to reach almost half a trillion dollars a year – although the number of migrant workers from the countries in question rose by only 28% over the period in question.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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OPINION: Making the Case for Private Sector Engagement in the Fight Against Malaria
Malaria impacts businesses in a variety ways, including lost productivity from employees taking time off when they or their family members are ill, as well as greater expenditure on healthcare programs to treat employees. The results, though, are the same: decreases in a business’ profits.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Uganda’s clinicPesa helps people save money for healthcare
Ugandan startup clinicPesa is employing its micro-savings platform to help users set aside dedicated healthcare funds to tackle the lack of access to traditional health insurance.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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People Are Cooking With Human Poo — and That’s a Good Thing
In Kenya, the future of sanitation may entail turning human waste into fuel.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Kenya’s newest tech hubs are sprouting outside its “Silicon Savannah” in Nairobi
For years, Nairobi has been the cradle of technological innovation in Kenya, and the center of the country’s thriving tech ecosystem, famously known as Silicon Savannah. Most of the innovation spaces, incubation centers, accelerators, and maker labs were also concentrated in the capital—making Nairobi an attractive spot for both technologists and investors.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fintech Report: The disruptive new kid on the bloc in Africa
Amid all the hype, fintech is in the process of revolutionizing the provision of financial services in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech