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Analysis: Young Population, Financial Inclusion Behind Fintech Boom in Nigeria
Nigeria’s fintech companies raised more than $600 million in funding over a five-year period (between 2014 and 2019), a new report published earlier this month by McKinsey shows.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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East African E-Commerce Startup Wins Global Innovation Challenge
The company uses data tracking analysis to gain insight into the shopping trends of the communities and provide competitive prices from manufacturers.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, innovation
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Samunnati Raises $20 Million Direct Debt From U.S. International Development Finance Corporation
U.S. International Development Finance Corporation (DFC) has committed a $20mn direct loan to Samunnati Financial Intermediation & Services Pvt. Ltd., a non-banking financial company (NBFC) in India to help the company expand financing and technical assistance to low-income farmers and enterprises throughout the agricultural value chain in India.
- Categories
- Agriculture, Finance, Investing
- Region
- Asia Pacific
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Kenya Bankers Association (KBA), Huawei Ink Partnership Agreement To Promote Tech-Driven Financial Inclusion, Fintech Capacity Building
The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building fintech capacity.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Can Agile Fintech Startups Be the Answer To Food Insecurity During the COVID-19 Crisis?
COVID-19 lockdowns have threatened small and medium enterprises and vulnerable families around the world. And as Malika Anand and Michelle Hassan at BFA Global point out, inclusive fintech startups are often better-placed than aid agencies to support communities and businesses in urban settlements during the pandemic. They explore how one innovative startup, Sokowatch, has developed a quick and effective way to fight food insecurity in Kibera, Nairobi – while also supporting small local retailers.
- Categories
- Coronavirus, Finance
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Analysis: COVID-19 and Fintech: Myanmar’s Chance To Expand Financial Inclusion?
Myanmar has seen an increase in financial technology (fintech) and digital payment offerings since the outbreak of the coronavirus pandemic, raising hopes for the expansion of financial inclusion in a country where banking penetration remains below the regional average.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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Viewpoint: Why Farm Reform Will Fail Without Tech in India
Agriculture today needs rapid tech diffusion and it is urgent for the government and the private sector to fund it.
- Categories
- Agriculture, Coronavirus
- Region
- Asia Pacific
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Analysis: Digital Technology Is Stimulating Financial Inclusion in Sub-Saharan Africa
The widespread usage of digital technology in sub-Saharan Africa (SSA) is an essential phenomenon that fosters productivity in the digital economy and integrates markets in the region.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa