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Mobile money transfers have become the norm in Somalia. Transactions total as much as $2,7bn a month.
Aerobotics, a South African startup that uses machine learning and artificial intelligence to process satellite and drone imagery and deliver insights to farmers, reports that it has successfully closed a Series A funding round of approximately $2 million. The funding round saw participation from investors such as Nedbank Group, AgFunder,
A new study that hopes to help with expanding digital financial inclusion in emerging markets, including Afrika, has been announced. Titled "Aligning Expectations: The Business Case for Financial Inclusion", the study was published by the International Finance Corporation (IFC), a member of the World Bank Group, along with
Over the past decade, the push for financial inclusion has united governments, companies, technology entrepreneurs, and nonprofit organizations in dozens of countries on every continent — and with remarkable success. In 2011, only 51 percent of the world’s adults had a formal bank account. By 2017, as the World Bank
The World Bank's International Finance Corporation (IFC) has given Rwanda's I&M Bank a $10 million subordinate loan. The IFC has said that this is to help the bank increase its lending to small businesses in Rwanda. Both financial organizations have stated that they hope this will boost economic
A newly published report titled "Driving Toward Equality: Women, Ride-Hailing, and the Sharing Economy" suggests that ride-hailing platforms like Uber, Careem, and Taxify are boosting women's incomes in South Africa and Egypt among many other countries evaluated. The report by the World Bank's International Finance Corporation (IFC) also