COVID-19 fuelling digital transformation in Africa
COVID-19 pandemic and the resulting containment measures have undoubtedly slowed down socio-economic growth. Like the rest of the world, Africa is witnessing unprecedented impacts on the overall...
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COVID-19 pandemic and the resulting containment measures have undoubtedly slowed down socio-economic growth. Like the rest of the world, Africa is witnessing unprecedented impacts on the overall...
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...
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,...
It is a general perception that the informal economy mainly relates to poverty, lack of employment and illiteracy, etc. However, it remains an indispensable part of a region’s growth and development....
Ever since the launch of M-Pesa by Safaricom in 2007, a wave of digital payments has risen in Africa. Over the years, Africa has become a global leader when it comes to mobile payments. According to...