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Viewpoint: Africa No Continent for Old Men
Increasingly, Africa’s brightest young minds are channeling their focus toward entrepreneurship as a means to create more just and equitable societies.Increasingly, Africa’s brightest young minds are channeling their focus toward entrepreneurship as a means to create more just and equitable societies. Much of this can be attributed to the perceived dysfunction of the public sector over the comparatively robust nongovernment sectors.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Q&A: Africa’s $40B Market for Cooking Fuel Is Being Cleaned Up
KOKO Networks is stepping into Africa’s $40 billion market for household cooking fuel with its non-polluting bioethanol cooking technology that undercuts the cost of using charcoal by as much as 40%, Greg Murray, chief executive and co-founder of the Nairobi-based company, told BloombergNEF in an interview.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Zimbabwe’s EcoCash Woes Show Dangers of Early Reliance on Mobile Money
The growth of EcoCash was driven by its ability to extend financial inclusion by drawing in previously unbanked customers. But recurrent power blackouts and food shortages in the context of a currency crisis are now showing the fragility of that model.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Land of Opportunity for Off-Grid Solar
Consolidation is picking up in Africa’s off-grid renewables market, where big investors like Engie are betting on the electricity consumers of the future.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Rwanda Is the Latest African Country Considering a National Digital Currency to Boost Financial Inclusion
Rwanda is the second African country to show an interest in a digital currency this year. Earlier in 2019, South Africa’s central bank announced that it was doing a feasibility project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Nigeria’s Banks Stand to Gain More From Mobile Money Than MTN
MTN Nigeria, which runs the country’s biggest mobile phone network, won a license from the country’s central bank in July to provide financial services. But replicating the success of MTN’s mobile money offer in east Africa will be a big ask.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Press Release: Steward Bank and Youtap Launch Mobile Money Services in Zimbabwe
The new service provided by Steward bank will allow customers to use e-money to pay at the point of sale and for selected transport services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Malawi Post Corporation to Launch Mobile Money Service
Malawi Post Corporation (MPC) plans to launch its mobile money service Zaphweka (ZapCash) before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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