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Cash Shortages Cripple Mobile Money in Zimbabwe
The prevailing cash shortages have suffocated mobile money subscribers, who are failing to get their money or do cash-out transactions.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Bee Pharma Africa and a Flying Pharmacy
Hugo Fearnley of Whitby, England is studying the potential of bee-produced medicinesfor the treatment of human diseases. Fearnley, CEO of BeeVital and Director of theApiceutical Research Centre (ARC), recently earned a Churchill Travelling Fellowship to fund his research and coalition-building in four African countries.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Viewpoint: Africa’s Regulators Are Smothering Its Innovators
The birth of mobile money transfer in Kenya has raised optimism about the potential of the continent to leapfrog in other technologies. However, Africa’s mobile technology is starting to look like an exception despite efforts to create start-ups using emerging technologies and platforms such as drones, 3D printing, robots and machine learning.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation
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Microfinance Sees Huge Opportunity Following Banks’ Interest Rates Cap in Kenya
Micro Finance Banks see a huge opportunity for growth as bankers implement the new banking law capping Interest Rates at 4 per cent above the Central Banks Rate.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Drinking Water ATM Takes Mobile Payments in Kenya
Global pump company Grundfos and telecommunications firm Ericsson have joined forces to deliver a ATM water dispenser that takes mobile payments.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Expanding to Africa, Columbia Pacific Opens Health Clinic in Nairobi
Columbia Pacific Management, a Seattle-based investment firm that runs health-care facilities in various countries, has expanded to Africa.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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OPIC and Microsoft Commit to Support Wireless Internet Expansion in Kenya
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced commitment and first disbursement to Mawingu Networks, a provider of solar-powered wireless Internet across rural Kenya. OPIC committed to financing a $4.1 million loan. Mawingu Networks was able to establish their current operating model using an initial grant in 2013 from Microsoft’s 4Afrika initiative, and the U.S. Agency for International Development (USAID). They received equity funding from Angel Investor Jim Forster, Paul G. Allen’s Vulcan Inc., and Microsoft Corporation two years after their first phase of support.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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The Growing Influence of Telecom Companies in Off-Grid Markets
The growing use of mobile money solutions for electricity tariff payment is redefining the solar off-grid market in regions such as Africa. Here, mobile money services have seen a tremendous growth over the last decade.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech