What are Saving Groups in Sub-Saharan Africa?
In Africa, a saving group refers to a collective financial arrangement where individuals come together to pool their resources and save money collectively. These groups are commonly known by names...
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In Africa, a saving group refers to a collective financial arrangement where individuals come together to pool their resources and save money collectively. These groups are commonly known by names...
Introduction: Understanding the Informal Space and its Importance in Africa In many countries around the world, the informal sector plays a significant role in their economies, often accounting for...
Let me start by sharing an incredible fact: did you know that around 1.7 billion people worldwide don't have access to basic financial services? That's about one-third of the global population!
Digital financial services combined with affordable technology have expanded opportunities for millions of women worldwide. Financial inclusion in Sub-Saharan Africa has almost doubled from 23% to...
While the global poverty rate is decreasing, the gap between developed and developing countries is widening. According to the United Nations Development Programme, 10% of the world’s population lives...
Financial inclusion happens when a person gets an account that he/she can use to store money and make transactions. In Sub-Saharan Africa, 48% of men have an account compared to only 37% of women....
The impact of financial technology (fintech) in Africa has been substantial. Fintech, especially mobile money, has emerged as a worthy adversary to traditional finance. It has created an open...
We are excited to announce that we have received the National Application Services License from Tanzania Communications Regulatory Authority (TCRA). We now hold a stronger position in Tanzania to...
Financial inclusion is considered a key indicator for the development and well-being of people in any country. It is more critical for women, who largely remain financially excluded due to poverty,...
East Africa has always hailed as the torchbearer to the fintech industry. The region has offered immense opportunities for fintechs to grow and solve issues related to savings, loans, payments,...
Access to banking services in Africa has improved significantly over the years. Digital transformation of financial services has enabled banks to reach wider audiences in many countries. People can...
Tanzania is witnessing a digital transformation. More people now connect to digital services in various sectors, including healthcare, finance, commerce, education, etc. The digital transformation in...