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Power Africa: Ghana To Attract $4bn From America
Recently, Ghana signed a Power Compact with the Millennium Challenge Corporation (MCC), making it the current largest American Government-funded transaction of President Obama’s Power Africa initiative.The Ghana Power Compact facilitates the investment of up to $498.2 million for the transformation of Ghana’s power sector while also stimulating private investments. Eventually, the deal is expected to raise more than $4 billion from American and global energy firms.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- solar
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Safaricom cuts fees on low and medium value M-PESA transfers
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Using mobile money to buy water and solar power in east Africa
Mobile phones are facilitating access to utilities in poor rural communities. But do consumers have the faith to go cashless?
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
- Tags
- solar
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Stop charging high interest rates, Bank of Ghana tells MFIs
Microfinance companies have been urged not to charge high, unsustainable interest rates by the Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Bharti Airtel & VeriFone to drive Africa’s mobile money evolution
Bharti Airtel and VeriFone Mobile Money have reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across Airtel’s 17 operating countries in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Liberian Natives Work To Fight Ebola Outbreak From Boston
In Boston, some natives of Liberia are working to improve sanitation conditions and train health workers on the ground in their homeland, as the country and two of its neighbors battle a deadly Ebola outbreak.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
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Ending M-Pesa’s solo story
M-Pesa lacks interoperability with any of the rival services run by the country’s three other operators: Airtel, Orange and yuMobile. But Safaricom is now under pressure to change its ways.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Zimbabwe’s Econet Wireless and the making of Africa’s first cashless society
Will Zimbabwe be Africa’s first cashless society?Strive Masiyiwa, founder of the pan-African telecommunications company, talks about extending finance to the unbanked.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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