geo/africa
This state of practice report identifies and describes 74 government initiatives in the Savings Group sector across 20 countries in Sub-Saharan Africa – related to financial inclusion, social protection, women’s empowerment, and sector regulation and coordination.
Seamless is the region's leading payments and commerce technology conference and exhibition. The event has seperate conference agendas covering the world of Payments, Fintech, Ecommerce and Retail . With one shared free-to-attend exhibition hosting the region's leading technology providers.
All eyes are on Southern Africa as the prime opportunity & incubator for innovation, particularly in the commerce space.
In its fourth edition, this EIB report focuses on recent developments in Africa’s banking sectors and the policy options for all stakeholders.
The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa.
Three thematic chapters address challenges and opportunities for financing investment in Africa:
Here is one of three Field Notes from the Partnership for Financial Inclusion, a joint initiative of IFC and the Mastercard Foundation, to help DFS providers to tailor products and services to particular market segments as they shed new light on two particular market segments, youth and women, as well as the potential for digitizing social payments on the continent.
Here is one of three Field Notes from the Partnership for Financial Inclusion, a joint initiative of IFC and the Mastercard Foundation, to help DFS providers to tailor products and services to particular market segments as they shed new light on two particular market segments, youth and women, as well as the potential for digitizing social payments on the continent.
Here is one of three Field Notes from the Partnership for Financial Inclusion, a joint initiative of IFC and the Mastercard Foundation, to help DFS providers to tailor products and services to particular market segments as they shed new light on two particular market segments, youth and women, as well as the potential for digitizing social payments on the continent.
In the fifth edition of the Africa Cyber Security Report themed ‘Demystifying Africa’s Cyber Security Poverty Line’, the authors take a deeper look at the financial limitations impacting many African organizations. They also provide a comprehensive analysis of the top cyber security questions for board members and executives. This report comes at a time when African organizations are grappling with evolutionary changes in their social, technological, economic and regulatory environments.
Commercial Bank of Africa (CBA), the largest privately-owned bank in East Africa has transformed its offering in the last six years, acquiring over 26 million customers. As Kenya’s most popular bank, SMEs account for 50 percent CBA’s customers and 30 percent of the bank’s overall revenues.
With three out of every four people employed in Kenya working for SMEs and contributing to 20 percent of Kenya’s gross domestic product (GDP), services the CBA provides are crucial to the sector.
Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.
Article via TechCrunch
The Commercial Bank of Africa (CBA) now has the highest mobile phone loan, allowing their customers to borrow Sh3 million digitally. The Loop platform, received an upgrade and now allows customers to apply for loans.
With default rates at less than ten percent, bank execs are more trusting to move in the direction of the mobile money movement.The General Manager for new business at CBA, Eric Muriuki shared customers are provided overdraft protection of up to Sh100,000 based on their financial history.
