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Report: Mobile Money Driving Financial Inclusion in sub-Saharan Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have released a new report today, 16 May 2018 in Nairobi, documenting the transformation underway in financial inclusion in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Zimbabwe bans banks from processing payments for cryptocurrencies
Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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TPG ventures into African market with purchase of $47.5m stake in telco Cellulant
Private equity group TPG has announced its first venture into the African market as its Rise Fund acquired a stake in telco firm Cellulant. TPG will buy a $47.5m stake in the digital payments provider, which reaches around 40 million people over 11 African countries.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Ghana unveils mobile money interoperability platform
Mobile money interoperability went live in Ghana following a number of delays, a step hailed by the country’s Vice President for propelling the country into one of the global leaders for the technology.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Financial inclusion is making great strides
In both rich and poor countries, financial technology, or fintech, is already seen as the dominant force behind the big advances of recent years recorded in the Findex
- Categories
- Finance
- Region
- Sub-Saharan Africa
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What’s the future of mobile payments in Nigeria?
In March 2018, the Central Bank of Nigeria shared its vision to achieve at least 80% financial inclusion by 2020.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Kenya should complete transition to seamless mobile money platform
An estimated 66 per cent of the combined population of adults in Rwanda, Tanzania, Uganda and Kenya are active mobile money users.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda Legislators to Block Tax on Mobile Money
A section of Members of Parliament have threatened to block the proposed 1 per cent tax on the value of transaction on mobile money, saying it will discourage low income earners from using the service.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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