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Are the days of the African unicorn numbered?
Hopes of seeing an African unicorn on the horizon have been floated around for years, but increasingly, investors are changing their focus. The emerging consensus is that Africa needs to forget about “mythical” unicorns, and focus on building more successful local companies.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- startups
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South Sudan okays plan to expand mobile money services
Most people in South Sudan’s capital have been relying on small unlicensed mobile operators to transfer money enabled by the platform created by MTN Uganda and Kenya’s M-Pesa platforms.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: IFAAS and Mercy Corps join hands to promote financial inclusion in Ethiopia
Ethiopia counts around 34% Muslims amongst its near 100 million population, second largest in Africa. However, according to the World Bank Statistics in 2017, only 35% of the population have an account with a regulated financial institution, a rate that is significantly below the global average (it is estimated to be much lower among the Ethiopian Muslims).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bank of Ghana Begins Overhaul of Microfinance, Rural Banks
Even as public attention remains focused on the fate of Ghana’s universal banking industry, with only a month left to the dead line for recapitalization to a minimum of GHc400 million, the Bank of Ghana is now commencing with its plans to overhaul the country’s micro-finance and rural banking industries.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Google Impact Challenge Kenya Finalists Unveiled
Google has announced the 12 finalists for the first Google Impact Challenge in Kenya, which sought to identify and fund the most innovative social enterprises using technology to improve society on a local or national scale.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Commercial Bank of Africa, Safaricom partner to provide overdraft for mobile loans
The rate of failed mobile money transactions performed daily due to insufficient funds currently stands at 58 per cent, according to M-Pesa data.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Visa unveils innovative mobile payment service in Ghana
Payments technology platform, Visa, in partnership with leading Ghanaian banks, announced the launch of Visa-on-mobile, its innovative mobile payment service in Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Gamblers’ paradise: Kenyans’ love for betting and thirst for quick cash
Kenyan gamblers' gold mine booms as the number of registered betting firms in the country rise to 36, four of them in the last seven months.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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