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Boosting Financial Inclusion With Airtel Mobile Money
The recent investment of $200 million in Airtel Africa’s mobile money business by The Rise Fund will further enhance financial inclusion in Nigeria, since the country is one of the 14 African countries, where Airtel Africa currently operates, writes Emma Okonji.
- Region
- Sub-Saharan Africa
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Press Release: Missio Invest Secures $20 Million Anchor Investment from U.S. International Development Finance Corporation
Loan Facility to Support Initiatives Addressing Food Security, Financial Inclusion, and Health and Education Outreach in Sub-Saharan Africa
- Categories
- Investing
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Nomanini Raises $1.5m Funding Round
South African fintech startup Nomanini has raised a new round of funding worth US$1.5 million from new and existing investors to grow its team, invest in product development and scale its offering.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Largest Independent Payment Provider Adumo Raises $15 Million From IFC
Adumo, South Africa’s largest independent payment provider has raised US$15 million in preferred shares from IFC to fund the growth of the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rise Fund to Invest $200 Million in Airtel Africa Mobile Money Business
The Transaction is the latest step in the Group's pursuit of strategic asset monetization and investment opportunities, and it is the aim of Airtel Africa to explore the potential listing of the mobile money business within four years.
- Region
- Sub-Saharan Africa
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Winning the Low-Income Market: Assessing the State of Product Development in the Nigerian Financial Service Industry
Nigeria's financial inclusion goals have gone unmet, and the COVID-19 pandemic has slowed progress even further. Olayinka David-West and Ibukun Taiwo of the Sustainable and Inclusive Digital Financial Services initiative of the Lagos Business School share the results of their 2020 study on the state of the Nigerian market, exploring the product development practices of the country's financial service providers – and how they could be improved.
- Categories
- Finance
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ADF Supports Digital Financial Inclusion for African Women With $6.95 Million
The Africa Digital Financial Inclusion Facility (ADFI), supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB) has committed to financing digital financial inclusion in Africa with six grants totalling $ 6.95 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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‘The First Wealth is Health’: Exploring the European Microfinance Award 2021’s Focus on Inclusive Finance and Health Care
For the global poor, health is often the dividing line between the path to prosperity or a slide into destitution. Daniel Rozas and Sam Mendelson of e-MFP explain how precarious incomes and the absence of high-quality universal health care can push low-income households into a deeper cycle of poverty. As a response to the issue, the European Microfinance Award is seeking to highlight initiatives that facilitate access to quality and affordable health care with this year's €100,000 award, which focuses on the topic of "Inclusive Finance and Health Care."
- Categories
- Finance, Health Care
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