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Zimbabwe Mobile-Money Directive May Halt Commerce, Operator Says
A Zimbabwean government directive banning the purchase and sale of cash through mobile-money services may halt much of the nation’s commerce as the biggest system will have to be shut down temporarily, its operator said. The ban, a directive aimed at stabilizing a monetary system that’s spiraling out of control as the national currency plunges, can’t be effected unless the Ecocash
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Zimbabwe Turns to Mobile Money Regulations in Bid to Stem Currency Plunge
The Reserve Bank of Zimbabwe on Monday stopped operators of mobile-money services, the dominant way in which money is moved in the country, from paying out cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Cellulant Wins Global Award; Integrates Into World Economic Forum
The Schwab Foundation award is in recognition of Cellulant’s work in building digital payments and financial services that enable businesses and consumers in critical sectors such as Agriculture, Retail Distribution, Transport, Logistics and E-commerce to access services at the very point where they need them.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Rwanda’s Trash Warrior Tackles E-Waste With Blockchain
his week, the 19-year-old will join climate activist Greta Thunberg at the U.N. Youth Climate Summit in New York as one of 100 selected young people offering solutions on climate change.
- Categories
- Environment, WASH
- Region
- Sub-Saharan Africa
- Tags
- blockchain, climate change, waste
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Digital Lending Apps Are Coming Under Scrutiny in East Africa for Predatory Practices
The latest challenge comes from Google, which has updated its app store developer policies to curb predatory lending practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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FairMoney Raises $11 Million in Series a Investment Round to Reshape Nigeria’s Mobile Banking and Institutionalise to Ghana, Kenya, and Egypt
FairMoney, a Paris-based fintech startup, is planning to institutionalise operations in Ghana, Kenya and Egypt.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Online Banking Still a Reserve for the Rich in Kenya – Survey
People in higher income brackets use their phones to obtain more information on products and services before purchase, and across all income brackets, users regularly keep track of their online fund balances.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Africa Should Not Be Too Quick to Embrace the Fourth Industrial Revolution
As a new age of technology dawns, cyber attacks in South Africa and beyond underline the need for caution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- employment
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