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Banker proposes new blockchain technology for African market
A new mobile phone blockchain network is under development and is projected to acquire large-scale consumer adoption in Sub-Saharan Africa by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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In Kenya, free cash is the latest solution to poverty
Founded in 2010 and working in six African countries, Give Directly sends money straight to the poor allowing them to choose their own priorities, rather than outsiders "deciding instead of them", explains the non-profit's spokeswoman Caroline Teti.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: Habitat for Humanity finds Housing Microfinance helps improve living conditions in Kenya
As part of the project, housing microfinance loans were offered not only to informal workers with unsteady incomes, but also to low-income salaried workers making between US$5-10 per day.
- Categories
- Finance, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- housing, microfinance
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Nigeria’s central bank asks all microfinance institutions to recapitalise by 2020
The Central Bank of Nigeria(CBN) increases the minimum capital base of National Microfinance Banks to N5 billion from N2 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Viewpoint: How the US will transform its investment role in Africa with a new $60 billion agency
For at least thirty years, the US’s commercial relationship with Africa has been dominated by resources underground. Oil, gas and minerals account for about half of all US direct investment in Africa. There has been growth in almost every sector of Africa’s economy, but commercial relations with the US have been dominated by US engagement in natural resources.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Kenya sets aside funds to develop domestic mobile phone industry
Kenya’s minister of information, communication and technology said on Tuesday that the government had set aside 1 billion shillings ($9.90 million) to help local start-ups in the mobile telephone software and hardware segments to grow.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Viewpoint: As Safaricom turns 18, has its innovation ‘conveyor belt’ slowed?
After the global acclaimed mobile money transfer service Mpesa, Safaricom has not had another innovation that has captured its users.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Cash triumphs in Kenya’s public buses as train, taxis embrace cashless system
The cashless system had the backing of the government, top telecommunication firms and banks, which touted the cards as the panacea to end corruption on the road and curb haphazard fare increases.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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