-
Viewpoint: Regulators Walk the ‘Mobile Money’ Line
Banking-by-phone is on the rise, and so are the risks of anti-competitive behaviour and money laundering.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
-
Reaching the Unbanked — MTN to Shake up Nigeria’s Fintech Sector
The scale of Nigeria’s low financial inclusion and the banking sectors’ inability to tackle the problem necessitated a change in strategy. Nigeria continues to lag behind other African countries in financial inclusion. While sub-Saharan Africa’s number of adults with a bank or other financial account increased to 43% in 2017, up 9% from 2014, Nigeria’s banked population dropped to 40%, down 4% from 2014.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Kenya’s Sokowatch Raises Further $2.5m Funding, Expands to Rwanda, Uganda
Kenyan startup Sokowatch, a B2B e-commerce platform supplying informal African retail stores, has expanded into Rwanda and Uganda after securing a further tranche of seed funding worth US$2.5 million in February.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Beyonce’s ‘Lion King’-Inspired Album, And Africa As An Emerging Market
"Despite its huge influence on music repertoire across the globe, most countries in Africa have not historically been significant markets for the international music industry. Today, that is beginning to change."
- Region
- Sub-Saharan Africa
-
Africa’s Cities Are About to Boom – and Maybe Explode
Sub-Saharan Africa is already 40 percent urban, while tens of millions of people are flooding into cities every year.
- Region
- Sub-Saharan Africa
-
Africell to Spend $100M on Mobile Infrastructure, Fintech in Africa
Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa
-
Google Is Using Maps to Try and Bring Order to One of Africa’s Most Chaotic Cities
The service now has a new “informal directions” interface dedicated to traveling with public transport buses, known locally as danfo. The interface will also include danfo fare estimates and levels of busyness at local bus stops.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Namibia Announces $338 Million, 5-Year Renewable-Energy Strategy
The country, which is the driest in sub-Saharan Africa and has more than 300 days of sunshine a year, “stands to benefit as the worldwide boom in the solar market results in reduced costs and improved efficiency of solar photovoltaic panels and related equipment,” Haulofu said.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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