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South African fintech JUMO secures first two commitments in new funding round
The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Nigerians Bury Cash in Backyards as Mobile Money Stumbles
Financial inclusion in Nigeria -- which vies with South Africa as the continent’s biggest economy -- has gone backward as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Judge suspends new taxes on mobile money, kerosene in Kenya
Justice Wilfrida Okwany issued the directive saying there would be no practical way of compensating Kenyan taxpayers who have already been affected by the implementation of the new taxes.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, public policy
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90% of our money transfers to Rwanda via mobile phones – World Remit
“Transfers to mobile money accounts make up 90 per cent of WorldRemit’s transactions to Rwanda, and is growing rapidly,” a statement from Worldremit reads in part.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Exclusive: Kenya’s Safaricom taking M-Pesa to Ethiopia, sources say
M-Pesa could transform Ethiopia’s economy, as it has done in Kenya, by allowing people to sidestep a decrepit and inefficient banking system and send each other money and make payments at the touch of a button.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Two Kenyan banks lose $0.86 million to hackers in a month
Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Uganda drops some mobile money taxes
Uganda's Cabinet, despite having been previously divided on the charges, on Monday agreed to remove some of the fees and revised the 1 per cent tax on withdrawals to 0.5 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Who is delaying mobile money operations across networks in Rwanda?
At the moment, MTN Mobile Money and Airtel Money users cannot send or receive money across networks, a situation that has caused inconveniences for many people.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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