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How Fintech is Enabling Progress Toward the SDGs — And Why it’s Time for Investors to Double Down
Due to high interest rates and other macroeconomic challenges, there's been a global slowdown in venture capital funding to tech firms. David Grimaud at Bamboo Capital Partners explains how this lack of investment is impacting fintech companies in emerging markets, putting not only financial inclusion but other development priorities at risk. He explores how fintech innovators are advancing multiple SDGs, and how the investment community — especially impact-focused investors — can better support them.
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French Soccer Players Back African Mobile Video Network StarNews Mobile in $3 Million Round
The five-year-old mobile video network prioritizes offering monetization avenues for African content creators through distribution partnerships with major telecommunications operators.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- data, digital inclusion
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ProLocums, a Gig App Revolutionizing Healthcare Staffing Launches in Nigeria
If you want a ride, you have the Uber app. If you want to buy or sell appliances, you have the Jiji app. So why can’t we have one for healthcare which is one of the most important sectors?
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: Report: 95% of Fintech Apps Across Africa Immediately Expose Valuable, Exploitable Secrets
Approov, the end-to-end mobile security provider, released a report showing that 95 percent of the most popular African banking and financial services apps contain easy-to-extract secrets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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A $200 Billion Opportunity: What Payment Data Shows About the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and according to Agosta Liko at Pesapal, businesses, financial institutions and governments could add US $200 billion to the continent’s GDP in the next six years by supporting that growth. He shares payment data that highlights how, and where, digital transactions are happening in Africa — both online and in person — and explores what that means for the digital economy’s growth prospects in the region.
- Categories
- Finance, Technology
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Press Release: Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Kenya Hit By Record 860 Million Cyber-Attacks In 2023
CA says the latest numbers make Kenya among the top three most targeted countries in Africa behind Nigeria and South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa