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Kenya Cabinet Secretary denies claims that government wants to break up Safaricom
The government has allayed reports that it is intending to split leading telecommunication operator in the country, Safaricom. Information, Communication and Technology Cabinet Secretary Joe Mucheru has insisted that the government’s role is to provide policy guidance and coordination in the sector as opposed to interfering in business operations and investment.
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- Technology
- Region
- South Asia
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Microloan approvals done in 7 minutes, not 7 days in India
Bharat Financial Inclusion, India's second-largest microfinance company, has linked its credit systems to the national database to speed up cheaper financing to those at the margins.
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- Technology
- Region
- South Asia
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Calls from rivals for higher charges by Safaricom rejected
Proposals by Airtel and Telkom Kenya that could have seen Safaricom forced to charge its customers higher rates than its rival telecommunications providers have been rejected by consultants hired to assess competition in the sector.
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- Technology
- Region
- Sub-Saharan Africa
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Woman-Led Tala Raises $30 Million Series B For Micro-Loans Via Smartphone
Tala, a startup that makes micro-loans to entrepreneurs in the developing world via smartphone app, has raised a $30 million Series B round as it expands into new geographical markets.
- Categories
- Investing, Technology
- Tags
- fintech, venture capital
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Kenya: Safaricom Faces M-Pesa Break Up in Market Dominance War
Telecoms operator Safaricom could be forced to hive off its popular mobile money service M-Pesa if sector regulator, the CA, moves to implement recommendations of a market dominance report.
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- Technology
- Region
- Sub-Saharan Africa
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Why Omidyar Network is Excited About Technology Stacks for Financial Inclusion
There are a lot of buzzwords out there when it comes to technology, so we try not to get caught up with each new fad. But everywhere we look, we see a concept that promises to be a powerful driver of not only innovation, but also economic progress: technology stacks.
- Categories
- Technology
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Report: Education, employable skills top CSR spends among Indian IT, financial services companies
A majority of information technology (IT) and financial service sector companies in India are investing in education and employable skills, when it comes to the mandatory spend on corporate social responsibility (CSR), says a report by Nasscom Foundation.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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Somalia Is a Leader in Mobile Money But Still Wants to Print Its First Cash Notes in 25 Years
The collapse of the Somali government in 1991 saw the rise of unique political, economic and social outfits, all clambering to fill the void of government institutions. One of them was the emergence of a nonconforming monetary system, controlled by warlords and rogue businessmen, who contracted foreign printers and imported counterfeit money. This left the Somali economy in shambles, largely dependent on dollars for trade, and effectively created a freewheeling “economy without state.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech