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Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets
Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital funding as it seeks to spread its operations to ten countries across Africa by 2020.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Kenya Commercial Bank, MasterCard Foundation enter into $30m partnership to lift two million farmers
At least two million smallholder farmers in Kenya and Rwanda are set to benefit from a $30 million partnership to promote financial inclusion between the Kenya Commercial Bank (KCB) Group and The MasterCard Foundation.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Nigerian Startups Can’t Raise Money Through Crowdfunding Because of Antiquated Laws
Crowdfunding has been a big help to good causes in Nigeria. Last year, donations kept a rape counseling center in Lagos from shutting down. And Nigerian athletes took to GoFundMe to help pay for their training and travel to the Rio Olympics, after poor preparations by the sports ministry.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- crowdfunding
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Cost Of Healthy Living: Coca-Cola May Shut Down South African Plant Over Sugar Tax
Coca-Cola Beverages Africa, the continent’s largest soft drinks bottler, may close business in South Africa if the government goes ahead with a proposed tax of 20 percent on sugary drinks from April 1, 2017 in a bid to curb obesity and unhealthy diets.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- public health
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This Hult Entrepreneur’s Social Enterprise Is Cleaning Up Uganda’s Informal Economy
In Kampala, Uganda, a proliferation of street vendors are unregistered and do not pay tax, working in an informal, illegal economy. Large urban areas are also notoriously-polluted, with street vendors working around fire hazards and breathing in harmful fumes - particularly charcoal smoke - on a daily basis.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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KCB M-Pesa Loans Hit Sh10.3bn Since Launch
Mobile-based bank account KCB M-Pesa has disbursed a total of Sh10.3 billion in loans to its customers since March last year, indicating a growing appetite for short-term loans.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fingerprint Technology Expanding In African Mobile Banking
London-based bank Standard Chartered plans this year to introduce biometric technology to customers in eight African countries so they can use fingerprints to access their mobile money — a process known as touch login — versus usernames and passwords.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Liberian Nurses Learn to Spot Danger Signs in Babies as Healthcare Gets Shot in Arm
The Well Baby clinic in Buchanan is busy. But that’s not unusual. The clinic, a two-hour drive from Liberia’s capital, Monrovia, sees between 700 and 1,000 mothers and children each week.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
- Tags
- public health
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