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FinTech is booming in the MENA region
Aug 10,2023
The Dubai International Financial Centre (DIFC) received 620 global, regional, and local applications for the FinTech accelerator 'FinTech Hive'. Applications were submitted in a wide range of specialisations including FinTech, InsurTech, RegTech, an...
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GSMA and WFP accelerate use of mobile financial services for humanitarian assistance
Aug 06,2023
The GSMA and UN World Food Programme (WFP) announced a three-year collaboration that aims to use mobile money to deliver digital assistance through cash based transfers to save lives in global emergencies, including pandemics and natural disasters. W...
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Fintech Saudi announces the results of national fintech adoption survey
Aug 05,2023
The Saudi Central Bank (SAMA) and the Capital Market Authority (CMA) released the results of the 'national fintech adoption survey', designed to measure the level of the people's interest in embracing fintech solutions and developing a clear understa...
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Egypt's Finance Ministry to integrate its electronic systems by June 2021
Aug 04,2023
The Egyptian Minister of Finance Mohamed Maait announced the ministry's initiative to fully integrate its electronic systems by the end of June 2021, establish financial discipline, raise the efficiency of public spending, and modernise and automate ...
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Safaricom protests cost-free mobile money transactions
Jul 30,2023
Kenyan mobile network operator Safaricom will lose around Ksh. 19 billion in revenue following a government directive for cost-free mobile money transactions in the COVID-19 period. The directive was initially given by the Central Bank of Kenya in Ma...
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AU holds consultation on continental digital ID interoperability framework
Jul 28,2023
The African Union Commission (AUC) held a consultative workshop to receive input on its draft digital ID framework developed by a digital ID taskforce. The process, supported by German development cooperation agency GIZ, was open to civil society, re...
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CBE, MCIT partner to facilitate government e-payments in Egypt
Jul 18,2023
In line with Egypt's Vision 2030 to promote digital transformation in providing government services, the Central Bank of Egypt (CBE) and the Ministry of Communications and Information Technology (MCIT) revealed a new cooperation protocol to promote t...
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UNCTAD urges African countries to rethink export diversification to survive economic shocks
Jul 14,2023
The UN United Nations Conference on Trade and Development (UNCTAD) published the Economic Development in Africa Report 2022 under the title Rethinking the Foundations of Export Diversification in Africa: The Catalytic Role of Business and Financial S...
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Niger secures US$100 million World Bank fund for digital migration
Jul 10,2023
The World Bank's International Development Association (IDA) endorsed the disbursement of US$100 million to accelerate the digital transformation in Niger through modernising the economy and improving access to essential services. The project will es...
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UN lauds progress made on financial inclusion in Bangladesh
Jul 10,2023
UN Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA) Queen Maxima has lauded the progress made in financial inclusion in Bangladesh, noting that the country had improved from 31% in 2014 to 50% in 2017. She was speak...
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Mobile wallets report launched
Jul 09,2023
Payments company Boku in partnership with Juniper Research have released the 2020 mobile wallets report. The report shows that many people in the Global South still lack access to bank accounts, with Africa leading at 39%, followed by Indian (27%) Ce...
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Zambian fintech bags UDS$1 million investment
Jul 09,2023
The Zambian fintech company Lupiya has received an investment of USD$1 million from the US venture capital fund Enygma Ventures. Lupiya is an all-digital microloan service that was founded in 2015. Its products target small and medium-sized businesse...
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