How fintech is eradicating poverty in Africa
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...
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Importance of Microfinance Institutions and VISACAs in The Gambia
Providing affordable and reliable credit services to the communities has been a prime component of development in The Gambia, especially in rural areas where people are primarily engaged in farming...
Banks adopt digitization amidst the COVID-19 pandemic
The number of people having bank accounts rose from 170m in 2012 to 300m in 2017. It is expected to reach 450m by 2022. However, access to physical branches and manual processes for most services...
How technology can drive women towards formal financial services
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....
Impact of COVID-19 on remittances in Africa
The spread of COVID-19 and measures to cope with the crisis are reshaping the African economy. The pandemic restrictions are affecting businesses and households drastically. The biggest impact can be...
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Collaboration and Innovation – building Africa’s fintech landscape
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...
Women’s financial inclusion in The Gambia: Challenges and solutions
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,...
AfriMoney joins Wakandi to provide mobile payments on CAMS
It is an honour to announce AfriMoney as our new partner in The Gambia. AfriMoney has now become one of the mobile money providers on our Credit Association Management System (CAMS). It is great news...
Capitalizing on Fintech – Financial inclusion in East Africa
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,...
How automation can play a critical role for SACCOs
SACCOs are considered a reliable tool to accomplish social and financial needs in many parts of Africa.
4 ways to bring Africa’s informal sector under the formal system
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....