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Disconnects Between Minigrid Policy Stakeholders Keep Sector’s Bankability at Bay
Minigrids have yet to scale on a trajectory reflective of their massive potential.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: WorldRemit Sees Remittances To Zimbabwe Double in Six Months and Introduces New Retail Partnership With Ok Zimbabwe
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow at an accelerated rate and has doubled in the last six months for the company.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Fintech Startup TeamApt Now Operates Nigeria’s Largest Non-Bank Mobile Money Platform
Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Manufacturing a COVID-19 Recovery: Why Building Local Manufacturing Capacity Is Key To Africa’s Pandemic Response
COVID-19 is taking a heavy toll on sub-Saharan Africa's economies. And as Salma Okonkwo at Blue Power Energy Ltd. points out, the region is particularly vulnerable because it relies on international imports and exports for much of its GDP. She proposes an effective way to help Africa recover from the pandemic and build resilience to future shocks: developing local manufacturing.
- Categories
- Coronavirus, Energy
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Mastercard Foundation and ICCO Cooperation Partner To Strengthen the Resilience of 80,000 Farmers in Senegal
ICCO Cooperation and the Mastercard Foundation have joined forces to support smallholder farmers in Senegal who were left reeling from the impact of COVID-19. The COVID-19 Recovery and Resilience Agrifinance Project (CORRAP), co-created with Senegalese producers, aims to support smallholders to recover from the pandemic and emerge stronger and more resilient to future crises and shocks.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Bigger Sometimes Is Better When It Comes To Farm Size
According to the Food and Agriculture Organization of the United Nations (FAO), about 90 percent of the world's 570 million farms are small and most are found in the rural areas of the developing world, but they produce food for a substantial proportion of the world's population. Many small farmers take on other economic activities to add to their small incomes.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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System Value Can Power the Energy Transition in Emerging Markets
The energy transition is more pressing than ever – and as governments look to economic recovery in the wake of COVID-19, they are recommitting to their energy transition plans and investing to drive faster progress.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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