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Tanzania: CRDB, European Bank Sign Landmark Sh43 Billion Deal to Support Small Businesses
CRDB Bank and European Investment Bank (EIB) have signed a landmark 20 million Euros (about Sh 43 billion) agreement to support small scale businesses.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Survey: Banking growth has not boosted savings in South Africa
The number of banked South Africans has grown to 27.4 million over the past ten years, or about 75% of the total adult population. But this increase has not translated into a higher incidence of saving, with only 20% of banked adult South Africans saving either in banks or non-bank financial institutions.
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- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Pershing Square Foundation Makes $611,000 Grant To myAgro To Support Small-Scale West African Farmers
The Pershing Square Foundation has announced a grant of $611,000 to myAgro – an organization that helps small-scale West African farmers save their way out of poverty through a unique mobile layaway lending program, allowing them to increase harvests by an estimated 75%.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Safaricom of Kenya Braces for Competition on Key Cash Earner
Safaricom Ltd., East Africa’s biggest cellular-network operator, is bracing for competition in its key mobile-money business that helped boost first-half profit by 30 percent, CEO Bob Collymore said.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Equity says 200,000 have signed up for its mobile money platform in Kenya
EQUITY Bank yesterday said it has “quietly” registered over 200,000 customers on its mobile money transfer platform, Equitel, in the ongoing rollout.
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- Uncategorized
- Region
- Sub-Saharan Africa
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This backpack designed for poor kids does so much more than carry books
South Africans Thato Kgatlhanye and Rea Ngwane are co-founders of the business Rethaka. Their brand of Repurposed Schoolbags are made from recycled and reinforced plastic shopping bags. Recipients are all poor. But it’s so much more than a bag. Because the kids often live in shacks and remote areas with no electricity, Repurposed Schoolbags are built with some other smart features. On the outside of the flap is a pocket for a solar panel, which charges on the long walk to and from school.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- solar
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Schneider Electric off-grid, on-profit solutions to create social change in African rural communities
Schneider Electric South Africa has set itself a target to create access to energy for 20 000 Africans by the end of this year. An ambitious goal, but the energy efficiency giant believes this is achievable due to its solid sustainable development strategy, products and solutions.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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China To Build Liberia Health System
The government of the People’s Republic of China has pledged that as a plan for the post-Ebola period, it will work with other international partners to help build and modernize Liberia’s health sector.
- Categories
- Health Care
- Region
- Sub-Saharan Africa