AI Could Create Turning Point for Financial Inclusion in Africa
It’s difficult to imagine a time before the widespread adoption of mobile technology in Africa – particularly where financial services are concerned. For millions of unbanked people, transactions were limited [...]
20% Excise Duty on Digital Lenders is Financially Excluding Millions in Kenya
Digital lenders are against the 20% excise duty charged on interest and fees, on top of other taxes, arguing that it has raised the cost of credit and stifled innovation [...]
How VunaPay is Revolutionising Small-Scale Agriculture
When VunaPay, an agritech startup that provides produce management solutions, was founded last year, its co-founder and CEO Judy Njogu Mokaya did not anticipate that the platform would [...]Cross-Border Payments Remain Costly across East Africa-IMF
Sending money between Tanzania and her East African neighbors incurs more than 30% in transactional costs, hindering regional economic growth, according to the IMF. Such bank fees tend to be [...]Change in Telkom Kenya Ownership Reduces Kenya's Mobile Subscriptions in Q2/23
The change in shareholding structure of Kenya’s third largest telecommunications company-Telkom Kenya- has impacted mobile money and the mobile subscriptions in the second quarter of the 2023/24 Financial year. The [...]Fintech Association of Kenya Appoints Andrew Barden as Board Member
The Fintech Association of Kenya (FINTAK) has appointed Andrew Barden to its board of directors for a two-year term. We are thrilled to welcome Andrew to our board, said Duncun [...]LemFi Hires Ex OPay COO, Allen Qu to lead China Expansion
Allen Qu will lead LemFi’s growth efforts amongst the Chinese diaspora. With over 14 years of professional experience, Allen has a track record of building multi-billion dollar companies in many [...]
Africa Fintech Summit Announces First Roadshow Ahead of AFTSNairobi in September
Africa’s financial technology leaders will be gathering in Washington DC, USA, on the sidelines of the IMF/World Bank Spring Meetings on April 17, 2024, ahead of AFTS Nairobi on September [...]
Disruptive Innovation in Africa's Digital Payments
Many businesses across Africa depend on bank partnerships and Fintech solutions to facilitate cross-border payments. There are 42 different currencies in the continent derailing trade flow and limiting enterprise expansion. [...]Pan African Payment and Settlement System (PAPSS) Expands into North Africa
Afrieximbank's Pan African Payment and Settlement System (PAPSS) has expanded into North Africa after Banque Centrale de Tunisie (BCT) joined the regional payments platform as its thirteenth member. Banque Centrale [...]Frank Molla Appointed MD of Digital Payments Company MDP Africa
Digital payments company MDP has appointed Frank Molla as the Managing Director of MDP Africa. The new MD has also worked at American Express in Spain and the United Kingdom. [...]Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]
