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Report: Mobile cash transactions averaged Sh15 million per minute in Kenya in 2018
The most recent data by the Communications Authority shows mobile money transactions for the October-December period rose by Sh337 billion to Sh2.1 trillion as mobile wallets become the more preferred mode of payment.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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M-Pesa Bank? Members of Parliament seek Central Bank regulation
If MPs have their way, the telecommunications regulator, the Communications Authority of Kenya (CA), will be compelled to ensure that mobile money services like Safaricom’s M-Pesa, Airtel Money and Telkom’s T-Kash are licensed as banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Zambia looks to link up mobile money operators
The NFS is being established under the National Payment System with the aim of linking with other payment systems (individual operators' payment systems) without undue restrictions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya steps up Aids battle as building starts on $100m drug factory
The drugs, which will be made in Nairobi in a partnership between the government, the Global Fund and local drug manufacturers, will dramatically reduce Kenya’s spending on its Aids epidemic, said the country’s medical director, Dr Jackson Kioko.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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MTN launches airtime recharge via WhatsApp
MTN South Africa has launched a new service on WhatsApp that allows its customers to check their balances, top up their airtime and buy data bundles without having to leave the Facebook-owned messaging app.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: Bamboo Capital Partners, Government of Togo and Moeda Seeds Bank launch first-of-its-kind blended finance technology impact fund with €100 million target
Florian Kemmerich, Managing Partner of Bamboo Capital Partners, commented: “For the last two decades, Bamboo has played a pioneering role in developing funds that harness the power of technology to leapfrog poverty in emerging markets. Today, the BLOC Fund represents a new frontier for global technology impact funds. BLOC’s blended finance approach will catalyse further investment and generate lasting impact in some of poorest regions in the world.”
- Region
- Sub-Saharan Africa
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In conversation with Bob Collymore, CEO of Safaricom
If WhatsApp gets into payments and comes to Kenya, what will Safaricom do? “We don’t get complacent about these things,” says Collymore. “For sure, we believe we need to evolve, and quickly. The thing that we have today was designed 11 years ago.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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1 Million To Benefit From New Partnership To Boost Financial Inclusion In DRC
Agency banking, where local people are trained to provide banking services, is proving to be a viable approach for increasing financial inclusion in previously underserved areas.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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