-
The Latest Marker of Chinese Interest in African Fintech Is a $120 Million Funding Round for OPay
Notably, OPay’s round follows on the heels of another major funding round by Chinese investors in an African-focused fintech startup after PalmPay raised $40 million in a seed round from Shenzhen-based Transsion Holdings, the top selling phone maker in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Southeast Asia’s Booming Internet Economy to Boost Fintech Growth
In the e-Conomy SEA Report 2019, released earlier this month, the companies say that the region’s Internet economy has hit a new milestone, reaching US$100 billion for the first time this year, corresponding to a 39% increase from 2018. The sector is on track to hit US$300 billion in 2025, the report says.
- Categories
- Technology
- Region
- Asia Pacific
-
Malawi Scraps 1% Withholding Tax on Mobile-Money Transactions
The mobile tax drew criticism from Telekom Networks Malawi Plc, the country’s biggest phone operator.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Fighting TB With Phone Calls: A Project That Reminded Patients to Take Their Medicine
The 99DOTS project was withdrawn from hospitals after only two years, in a move that forced patients to revert to the previous method, which was largely considered inconvenient and unreliable.
- Categories
- Health Care, Technology
-
World’s First Blockchain Smartphone to Become Available in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country.
- Categories
- Technology
- Region
- South Asia
-
Tesla Batteries Are Keeping Zimbabwe’s Economy Running
The southern African country faces chronic shortages of physical cash, so almost all transactions are done digitally, and many via mobile phones.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
More African Countries Are Looking to Tax Mobile Money Transactions
Just over a year ago, Uganda’s regulators introduced a so-called social media tax and a levy on mobile money transactions. Uganda is not alone: Industry research from 2017 shows up to 26% of the taxes paid in the mobile industry in 12 Sub-Saharan countries were industry-specific.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Huawei Technicians Helped African Governments Spy on Political Opponents
Employees embedded with cybersecurity forces in Uganda and Zambia intercepted encrypted communications and used cell data to track opponents, according to a Wall Street Journal investigation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
Parent Organization
