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Weekly Roundup – 3/22/14: Why it’s time to start feeling good about Africa
If the facts don’t fit the frame, all too often, those facts are disregarded. The facts about Africa’s economic and entrepreneurial growth continue to defy the frame of the “impoverished third world and therefore to be pitied” continent that, even now, remains fixed in the minds of many.
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- Uncategorized
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Human-Centered Design: The Key to Mobile Money Adoption?
While mobile money is now available in almost every emerging market, active usage remains low. In fact, only about 30 percent of registered mobile money accounts are actively used, according to the most recent GSMA State of the Industry report. Bridging this crucial gap between registration and active usage will require providers to design products and services that are not simply ‘great ideas,’ but that truly meet the needs of end users.
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InVenture raises $1.2-million to help serve emerging markets’ underbanked
InVenture is a credit score for anyone with a mobile phone. In order to expand its phone-based personal finance software, InSight, which generates financial identities and credit scores for the underbanked in South Asia and Africa, the startup has recently raised US$1.2-million.
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- Technology
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Best Practices in Mobile Finance: Four fundamental service features that can have a positive impact on people’s lives
There is a growing amount of evidence on how best to provide financial services to the poor. The Gates Foundation’s Jake Kendall and Rodger Voorhies highlight some emerging trends from the research that they think constitute “best practices” for the field.
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- Finance, Telecommunications
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Accion Microfinance Bank Share capital Reaches N1.205bn in Nigeria
The micro finance bank’s robust financial base reflects on over N21.7billion disbursed in loans to more than 110,000 customers since inception.
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- Region
- Sub-Saharan Africa
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Headline: Financial Inclusion: Banking on Retail Agents in Nigeria
Given the high percentage of the unbanked population in the country, there have been a lot of initiatives targeted at bringing more people into the banking system. Today, Nigerian banks are increasingly developing products that support the financial inclusion initiative of the Bankers’ Committee, one of which is retail agency
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Kenya leads African peers in financial access
Kenya has taken a great leap forward to enjoy better financial access compared to her peers in the continent. The country claims the second highest level of financial inclusion only after South Africa.
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- Uncategorized
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PRESS RELEASE: Accion Supports Sale of Mibanco to Financiera Edyficar
Accion, a leader in microfinance and financial inclusion, today announced its support for the sale of Mibanco to Financiera Edyficar, which is owned by Grupo Credicorp, following the regulatory approval of the sale obtained this week.
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