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American Express Sets its Sights on Expansion and Innovation in Nigeria and Beyond
The company plans to increase its presence in Africa, with a current operation in 30 countries and a goal to expand to 42 countries in the sub-Saharan region.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, lending
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The Future of Digital Credit: A Recent Report Explores How to Make its Second Decade More Impactful Than its First
The first online lending platforms began emerging roughly two decades ago, and since then, the global digital credit market has grown to reach many formerly excluded customers. But according to Dan Cassara, previously at CEGA, this growth has raised concerns about over-indebtedness, exploitation and scams. As the market looks toward the coming decades, he shares a recent report that investigates digital credit — particularly Mobile Instant Credit and airtime loans — and explores approaches that can better protect consumers and support their financial health.
- Categories
- Finance, Technology
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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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Float, a South African Buy-Now-Pay-Later Startup, Secures $11 million to Launch its Card-Linked Installment Platform
Float encourages responsible credit card usage and, at the same time, helps merchants to grow their sales.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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TDB Group Grants $2 Million to MPower Ventures Zambia to Enhance Access to Modern and Affordable Energy Solutions in Zambia
MPower Zambia plans to expand its range of plug-and-play household solar devices and market-driven productive assets.
- Region
- Sub-Saharan Africa
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MTN Aims to Double its Mobile Money Lending in Uganda to Shs1 Trillion This Year
MTN says it will this year double mobile money lending from Shs550b to more than Shs1 trillion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Startup Bfree Secures $3 Million Funding to Facilitate Ethical Debt Recovery for Lenders
Bfree, a Nigerian startup specializing in debt collection, was established with the aim of automating and instituting ethical processes for debt recovery.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- lending
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Analysis: Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire
BBM has expressed its intention to narrow the market gap by tailoring its offerings specifically to women entrepreneurs and MSMEs led by women.
- Region
- Sub-Saharan Africa
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