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Telecom Industry Coalition to Boost Access to Smartphones in Poor Countries
The coalition will assess ways to lower the cost of entry into the digital economy for low-income populations, particularly in Sub-Saharan Africa and South Asia.
- Categories
- Technology, Telecommunications
- Region
- Global
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ThriveAgric Partners with Visa to Expand into Kenya
The hubs, located in Homabay and Busia counties, will serve as learning centres where farmers can gather for training sessions and facilitate the distribution of inputs. The project aims to reach up to 10,000 farmers.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Zimbabwe Plans to Come up With a Crypto Regulatory Framework
Zimbabwe has launched a public consultation on cryptocurrency, seeking feedback from crypto service providers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South African Fintech Company Adumo Acquired by Lesaka in $85.9 Million Deal
Adumo is South Africa’s largest independent payments processor, assisting approximately 23,000 active merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Promoting Financial Inclusion in the Caribbean: A Broken ATM in the Bahamas Reveals the Need for Digital Banking Solutions Across the Region
Imagine if your only access to your salary and savings depended on a single ATM. Now imagine that someone takes a hammer and smashes it up. As Nicholas Rees at Kanoo Pays explains, that was the situation facing a community in The Bahamas after vandals damaged the district’s sole ATM. He discusses the challenges experienced by remote, cash-dependent populations across the Caribbean, and explores how Kanoo Pays' digital wallet leverages offline payment capabilities and Central Bank Digital Currencies to address these customers' unique needs.
- Categories
- Finance, Technology
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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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Inclusion Requires Interoperability: Why All Digital Financial Services Should be Interoperable
As of 2021, there were 1.4 billion financially excluded people globally — over 1 billion fewer than there were in 2011. As Briana Marbury at the Interledger Foundation explains, mobile money and other digital financial products and services have helped to drive this progress, reaching populations that have traditionally been excluded. But she argues that this momentum has highlighted an emerging issue that could limit the impact of the growth in financial inclusion: the lack of interoperability between digital systems.
- Categories
- Finance, Technology, Telecommunications
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Bayobab Acquires MTN Zambia’s Fibre Assets to Further Growth Plans
According to Bayobab, the milestone marks a major step in its strategic growth plans in line with the company’s 2025 targets set by MTN.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa