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The battle between Africa’s mobile phone companies and banks is a boon for financial inclusion
Now banks are not only trying to compete in this space but also offer new products that promise access to banking services to those who up until this point were excluded.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Bitcoin companies move ahead in Africa
Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup 7/25/15: ‘Worm Wars’ and other conflicts from the past week
Maybe it’s the heat, but as we approach the dog days of summer, people seem to be in a fighting mood. This week featured plenty of conflict, involving companies, nonprofits, politicians – and even researchers. Grab some popcorn as we cover the hostilities – and compile some memorable tweets – in this Roundup.
- Categories
- Education, Health Care
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Africa Makes Leap in Cross-Border Mobile Payments
New partnerships aimed at getting a bigger slice of the $48 billion Africans sent and received last year.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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The Financial Power of the Group: How demand aggregation can enable consumer financing for renewable energy products
Salt farmers in Northern India use diesel pumps to help them harvest salt from sea water. They run these pumps for over 16 hours a day, which means up to 60 percent of their income is spent on fuel costs. Solar pumps could substantially increase their income, so Dalberg explored financing options that could make these pumps accessible. They discuss demand aggregation, one particularly promising solution.
- Categories
- Agriculture, Energy
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Peru Government Installs National Strategy for Financial Inclusion
As the Peruvian Finance Minister, Alonso Segura, declared last December, social inclusion is “the foundation of Peru’s growth.” To make this possible, they increased the budget for social inclusion programs for the current year by 20%.
- Categories
- Impact Assessment
- Region
- Latin America
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Mobile Money: 4 Services Tackling Wealth Inequality in Africa
While mobile money services are available in 89 countries globally, nowhere are they having more of an impact than in Africa, where 12 percent of adults have mobile money accounts, compared with 2 percent worldwide.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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June’s Most Popular Posts on NextBillion: From microfinance ‘haters’ to M-PESA challengers
Our most-read and most-shared posts for the month of June included an impassioned riposte in the microfinance debate, an analysis of changes in Kenya’s world-leading mobile money market, and appreciation for the value of health microinsurance.
- Categories
- Health Care
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