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Kenya: Microfinance institution to expand beyond tea sector
Greenland Fedha Limited (GFL), a microfinance institution for small-scale tea farmers in Kenya, has implemented a new software solution to improve its efficiency and remain competitive in the market. According to the institution, it had chosen the Microsoft Dynamics NAV…
South Africa on a solid path towards financial inclusion
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.” According to MasterCard, the report explores the progress that 30 developed and developing countries have made in…
Fintech startup reveals money transfer service for West Africa
Azimo, an online money transfer service, has revealed that consumers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up. Michael…
East Africa: Innovation Lab to expand digital financial services
MasterCard has unveiled the launch of MasterCard Labs for Financial Inclusion, a new initiative seeking to impact more than 100 million people globally by developing practical and cost-effective financial tools that expand access and help build stable futures over the…
Will Tanzania’s Finance Bill stymie Internet growth?
Amendments to Tanzania’s recently passed Finance Bill 2013 has ushered in a 14,5% excise duty on all mobile airtime, mobile services, as well as landline and wireless telecommunication services. According to research Tanzanians will have to fork out more for…
