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2020 Financial Inclusion Target Not Feasible, Says Central Bank of Nigeria
The NFIS had set two financial inclusion targets for the year 2020: an overall financial inclusion rate of 80 per cent of the adult population and a formal financial inclusion rate of 70 per cent of the adult population.
- Region
- Sub-Saharan Africa
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Kenyans start paying more for mobile money transactions following tax increase
Safaricom, which runs the popular mobile money service Mpesa, on Saturday, informed its customers that starting Sunday, its tariffs would go up.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Top 7 African taxi-hailing apps giving Uber a run for its money
Regulators in other countries continue to shun Uber but the company continues to lead the market in Africa since its entry in 2013.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ugandans are furious with a new tax for using social media and mobile money
Uganda’s government has kept its promise: Many Ugandans woke up today (July 1) to find that if they hadn’t paid the new tax on social-media use, services like WhatsApp, Twitter, Facebook and Skype were inaccessible.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Press release: Village Enterprise Promotes Campaign to End Poverty in Times Square
"Village Enterprise provides rural Africans living in extreme poverty with the tools and resources they need to start sustainable businesses and savings groups," said Village Enterprise CEO Dianne Calvi. "With the profits and savings from their businesses, entrepreneurs can send their children to school, feed their families more nutritious food, and break cycles of poverty that can span generations."
- Region
- Sub-Saharan Africa
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Global alliance launches guidelines for fintech investors
The Guidelines for Investing in Responsible Digital Financial Services have been launched by an international network of over 50 fintech investors and innovators, aiming to promote fintech funding by providing a framework for evaluating investment opportunities and risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Google to sign Internet deals with Kenya telcos
Google, through its Project Loon, has embarked on a global campaign to increase internet connectivity among the millions of people living in rural areas without ground stations and fibre connections.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Big winners, big losers: Kenya’s addiction to gambling
Gambling is a multi-million dollar business in Kenya, but there are more losers than winners - with an increasing number of young people chancing their luck
- Region
- Sub-Saharan Africa
- Tags
- financial health, youth
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