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Nigeria Is Projected to Be the First African Country to Hit $1 Trillion in GDP by 2030
Nigeria’s economy will more than double in the next 15 years, according to projections from the United States Department of Agriculture. Today, with an annual GDP of around $500 billion, Africa’s largest economy is 27th in the world. By 2030 it is expected to climb up to 19th place just ahead of the Netherlands.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Mobile Money to Power Global Remittances
Global remittances will grow slowly in 2015, but accelerate again in 2016/17: global remittances are projected to reach $586 billion in 2015, at a slower growth rate of 0.4% due to economic conditions. However, remittances are expected to accelerate again to reach an estimated $636 billion in 2017.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
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Why Ethiopian Financial Services Industry Is Slow on Mobile Banking
Ethiopia’s heavily regulated financial service sector is one of the least developed on sub-Saharan Africa with over 80 million people from a population of 94 million still unbanked, despite the rapid economic growth the horn of Africa nation has experienced over the last decade.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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2014 Mobile Money Transfers Up By 80 Percent in Zimbabwe
The value of mobile money transfers rose by 80 percent to $1,4 billion in 2014 against the prior year in tandem with the now widespread use of cell phones in Zimbabwe.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Airtel Money Hits Over 1 Million Transactions in a Month in Ghana
Airtel Ghana, multiple award winning company has attained another great milestone with its Convenient, Secure and Instant mobile money service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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$1.4 Billion Fund Targets Eco-Social Development in Sub-Saharan Africa
The Fundo Soberano de Angola (FSDEA) has announced the launch of five dedicated investment funds that will target high growth industries while promoting economic and social development in Angola and the Sub-Saharan region.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Disease Detection Gets a Boost With Plans for a CDC in Africa
In 1946, a malaria outbreak across the Southern U.S. catalyzed the formation of what would eventually become the U.S. Centers for Disease Control and Prevention.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Press Release: TriLinc Global Impact Fund Makes Impact Investments in Africa and Latin America
TriLinc Global Impact Fund announced today that it has approved a total of $9.2 million in trade finance facilities to companies in South Africa, Kenya, and Argentina, bringing total financing commitments as of March 31, 2015 to $76.7 million for business expansion and socioeconomic development through its holdings in Africa and Latin America.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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