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MTN and Investec Partner to Bring PayShap to Mobile Money, Driving Financial Inclusion in South Africa
The partnership represents a major breakthrough in expanding financial services to South Africa’s unbanked population.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: DFC and IDB Invest Expand the Americas Partnership Platform by Creating a New Co-Financing Framework to Promote Sustainable Development in Latin America and the Caribbean
The U.S. International Development Finance Corporation (DFC) and IDB Invest launched a new co-financing framework that furthers their collaboration to support high-impact development projects in Latin America and the Caribbean.
- Categories
- Finance
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Mobilizing Capital in the Low-Cost Private School Sector: Key Insights Two Years into an Innovative Partnership
One in five children in sub-Saharan Africa are out of school, and without scalable solutions, the region — like other emerging markets — won’t meet SDG 4’s goal of education for all. Mauricio Rincon and Mathieu Fourn at Opportunity International, and Alvaro Ma at Oikocredit argue that affordable non-state schools can help address this need — but only if they're supported by financial institutions and impact investment. They share learnings from a partnership between Opportunity and Oikocredit that is directing millions of dollars in capital to these schools, along with capacity building and other support.
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Slow but Steady Growth of Sukuk in Africa
Sukuk, the Islamic finance debt instrument worth around $800bn globally, is becoming part of some African countries’ finance-raising landscape. However, despite enormous benefits, especially in infrastructure finance, the pace has been relatively slow. Mushtak Parker explains why.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Brazil’s Pix Payments Are Killing Cash. Are Credit Cards Next?
In three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Access Holdings Collaborates With Safaricom and M-Pesa to Facilitate Remittances Between East And West Africa
Access Holdings, led by Aigboje Aig-Imoukhuede, is pushing for the biggest share of the remittance market in East and West Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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M-PESA Safaricom, Onafriq Partner for Streamlined Remittances to Ethiopia
Through the agreement, individuals within Ethiopia can receive remittances from different parts of the world through M-PESA.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Visa and ACCOSCA to Boost Access to Financial Services in Kenya and Tanzania
The FIKT project will provide innovative and affordable financial products and services to the targeted demographics.
- Categories
- Finance
- Region
- Sub-Saharan Africa