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Survival, Recovery and Resilience: 12 Recommendations to Help Financial Institutions Weather the COVID-19 Crisis
COVID-19 has had a devastating impact on the 300 million-plus enterprises operating in emerging economies around the world. It has also harmed their financial institutions, which are dealing with poor asset quality, liquidity pressure and reduced profitability as clients struggle to repay loans. Analysts at MicroSave Consulting (MSC) share 12 recommendations to help these institutions survive and recover in the wake of the pandemic.
- Categories
- Coronavirus, Finance
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Airtel and Telkom Discontinue Merger Plans
The disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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10 Startups Named Finalists of Ecobank Fintech Challenge
10 startups have been named finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets.
- Categories
- Finance, Technology
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Kenya’s Mobile Money Use Surges on COVID-19 Prevention Measure
The use of mobile money in Kenya has surged to a new high boosted by one of the measures declared by the government in the war against COVID-19.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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How Fintech Platform CNote Gives Socially Conscious Investors New Ways to Battle Inequality: An Interview With Catherine Berman
Catherine Berman is CEO and cofounder of CNote, an innovative fintech platform that unlocks new investment opportunities for retail and institutional investors. Working with mission-aligned community lenders, CNote aims to close the wealth gap by allowing anyone to invest in small businesses, affordable housing and economic development in financially underserved communities, with a focus on lending to women and minorities.
- Categories
- Finance, Technology
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South African Telecom Operator Telkom Moves into Financial Services
South Africa’s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Open Banking Set to Drive Africa’s Financial Inclusion
The financial sector in Africa has already witnessed tremendous disruption driven by technologies such as mobile banking, which has played a major role in expanding financial inclusion.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Analysis: Africa’s Mobile Banking Will Be Redefined by Social Media
The COVID-19 pandemic has precipitated a race among African Banks to become fully digital as consumers increasingly demand more personalised service across multiple channels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech