By Kelly Mua Kingsly When Saudi Arabia threw open the doors of the Tadawul – the kingdom’s US$3 trillion stock exchange – to all foreign investors...
By Danilo Desiderio The persistent shortfall in domestic savings represents one of the most binding structural constraints on Africa’s long-term growth and economic transformation. Sub-Saharan Africa...
By Jastine Martine The African Continental Free Trade Area (AfCFTA) promises to unite 1.4 billion people across 54 countries into a US$3.4 trillion market. On paper,...
By Dishant Shah While banks remain flush with capital, millions of African entrepreneurs access credit through trust-based systems that formal institutions fail to recognize. Across Africa,...
By Jastine Martine The true measure of a continent’s economic potential lies not in what it has built, but in what it enables. Africa stands at...
By Ajay Wasserman Here is an uncomfortable truth that eludes most Western observers: connectivity has become the defining currency of upward mobility in the 21st century....
By Dr. Princess C. Mutisya “Africa has 33 currencies, yet none is accepted anywhere on the continent. I fly from Nairobi to Addis Ababa, show my...
By Farouk Mark Mukiibi Some corporate transactions announce themselves with fanfare. Others slip through quietly, their true significance buried in regulatory filings and footnotes. The Safaricom-Vodacom...
By Daki Nkanyane There are moments in history when a continent doesn’t “rise” – it remembers. Africa stands at precisely such a threshold today. For years,...
By Jastine Martine African businesses moved US$205 billion in cryptocurrency transactions last year. The figure is staggering, but the reason behind it is simple: waiting 45...
By Des H. Rikhotso Africa’s fintech revolution is no longer a story of isolated outliers – it’s increasingly a tale of dynamic urban hubs driving continent-wide...
By Danilo Desiderio The adoption of the African Continental Free Trade Area (AfCFTA) Protocol on Digital Trade marks a pivotal moment in Africa’s economic evolution. By...
By Danilo Desiderio Africa, a continent rich in cultural diversity and deeply rooted in communal values, holds a powerful yet underutilized asset that could transform the...
By Andrew Rugasira The Economist‘s recent article, “Africa Needs a Capitalist Revolution”, reflects their trend of oversimplified and paternalistic commentary on Africa. In May 2000, the...
Ethio Telecom has partnered with the African Development Bank (AfDB) to advance Ethiopia’s digital economy and broaden internet access across Africa. This collaboration aligns with a...
Kenya’s wireless provider, Safaricom has launched MPESA Ratiba, a groundbreaking feature on its M-PESA mobile money platform that enables users to set up standing orders directly...
Remittances are pivotal in many African economies, significantly boosting their Gross Domestic Product (GDP). In 2022, remittances comprised 7.6 percent of GDP in Western Africa, 6.8...
A remarkable 59 percent of Kenya’s gross domestic product (GDP) is processed through M-PESA, the country’s leading mobile payment system. This translated into 20 billion transactions...
Reuters | Safaricom’s M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart...
By Chimgozirim Nwokoma Africa is expected to be the fastest-growing region for fintech between 2021 and 2030, even as revenues are projected to reach US$60 billion....
AFP | Ethiopia’s central bank said on Thursday it had issued a mobile money licence to Kenyan telecoms giant Safaricom, the first granted to a foreign...
Kenyan wireless carrier opened a US$2 million operations center in the country’s capital, Nairobi to enhance its M-Pesa mobile money platform and prepare for launches into...
Kenyan banks, increasingly embattled by mobile money providers, are looking to wrestle control from industry leader M-Pesa
Dow Jones Newswires | Airtel Africa PLC said Monday that it has bought additional spectrum to support the growth of its 4G services and 5G roll-out...
By Boutheina Guermazi, Brigit Pickel and Lacina Koné Digital technologies offer new avenues for economic growth in Africa by accelerating job creation, supporting access to public...
Mobile wallet payments are highest in usage as well as preference in Kenya.
Kenyan operator Safaricom has revealed that it has finalized the transfer of its mobile money M-Pesa platform servers to Kenya. According to the company, service outages...
Kenyans transacted US$13 billion on mobile money in the first 6 months of this year as new players joined the sector according to the latest Central...
At least 14 million Ugandans used the mobile money platform to trade, send and receive money last year, putting it among the most used medium of...
When things turned ugly after Kenya’s 2007 elections, an unlikely group of heroes, young African coders, developed a platform that used cellphones and the Internet to...
Mobile technology is helping provide better, more sustainable water supplies in Africa, where a third of hand pumps don’t work at any given time, BBCnews reports. In a...
Mobile banking, an innovative service that allows customers to perform banking transactions via their mobile phones, must be properly regulated in Ghana to ensure the safety...
Transferring cash between West African neighbors Ivory Coast and Burkina Faso could become easier thanks to mobile giants MTN and Bharti Airtel inking a mobile money...
Zimbabwean users of the mobile money platform, EcoCash, are now able to access urgent loans of up to $500 using their cellphones. With over 3 million...
Rwanda’s Tigo will invest a million dollars into its tech business incubator Think as part of its broader innovation and digital strategy. “What the idea behind...
Kenya’s Central Bank has revealed in a report that a total of KSh1.9 trillion (US$22 billion) was transferred in mobile transactions in the country last year....
Imagine a situation where your uncle in a remote village in Africa suddenly does not have to travel one day to reach a bank, only to...
Kenyan M-Pesa (mobile money) based transactions topped US$4.9 billion in the first quarter of this year, according to a report released by the country’s central bank...
An Oxford University study has revealed how the use mobile technology in Africa has dramatically increased the amount of money that water utility companies actually receive...
Pursuant to amendments to the Customs & Excise Duty Act (Kenya) gazetted on 1st February 2012, leading integrated communications service provider Safaricom has effected an upward...
Kenyans deposited US$8 billion into mobile money services for the year ending June 2012 – a 38 percent rise that revealed why the country’s government has...
Digicel has recently entered into a financing deal that could see it well positioned to expand mobile banking technology through out the Caribbean. In an announcement...
Click a few keys, exchange a few numbers, and it’s done. With just a mobile phone and a registration with Safaricom, Kenya’s mobile service giant, you...
Haiti mobile operators Digicel Haiti and Voila have topped 5 million transactions under their mobile money services, thus reaching the target set by the Haiti Mobile...
The Jamaica has plans to launch a mobile payments service to promote financial inclusion among the under-banked population of the country, local media reports. Anthony Hylton,...
Getting money in Haiti can be a harrowing experience: Bank branches are few, most of them are in the capital and a simple transaction can take...
Give Africans a piece of technology and watch them invent a thousand uses for it. This idea was of course exaggerated for laughs in the 1980...
Registration for M-Pesa, Kenya’s dominant mobile phone money transfer service, increases the likelihood of having some savings by 20 percent, according to a new World Bank...
In Haiti, cash is escaping from wallets and savings accounts are breaking free from brick-and-mortar banks. Two years after 2010’s devastating earthquake, mobile money has taken...
(Business Daily Africa) – Four in five new cell phone subscribers in Kenya are signing up for money transfer services, the latest industry data shows. The...
