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Fintech
- The pioneering accelerator programme aims to grow insurance coverage among low-income consumers by investing in innovative solutions in nine African countries.
- The expanded pan-African program is designed to support entrepreneurs in developing innovative solutions for the insurance sector.
- It targets Insurtech (insurance technology) innovations from Egypt, Ethiopia, Kenya, Ghana, Morocco, Nigeria, Rwanda, Uganda, and Zimbabwe.
- The expansion of BimaLab is supported by $500,000 financing from the Swiss Re Foundation.
FSD Africa has partnered with the Swiss Re Foundation and the National Bank of Rwanda to launch BimaLab Africa Acceleration Programme to raise insurance uptake among low-income consumers in nine countries across the continent.
The expanded pan-African program is designed to support entrepreneurs in developing innovative solutions for Insurtech (insurance technology) innovations from Egypt, Ethiopia, Kenya, Ghana, Morocco, Nigeria, Rwanda, Uganda, and Zimbabwe.
The expansion of BimaLab is supported by $500,000 financing from the Swiss Re Foundation, which is among the …
An efficient crypto mining industry can generate more job opportunities in Africa as the demand for miners, blockchain specialists, and technology specialists increases, . This encourages nations to enhance their energy and technological capacities to support crypto operations. These enhancements can considerably benefit other industries and the economy as a whole.
African nations must embrace the chance to become a crypto mining hub. This can aid in the digital economy’s growth, citizens’ financial standing, and the infrastructure for energy production. Consequently, African governments can invest in cryptocurrencies to acquire alternative funding sources for developing renewable and alternative energy sources.…
Africa is a strong contender for developing technologies such as blockchain and cryptocurrency owing to the continent’s growing mobile tech adoption rates. Considering the turbulent global financial markets, expensive remittance costs, and restricted banking access, blockchain in Africa offers alternatives to tackle their day-to-day issues.…
Cryptocurrencies might not be trending anymore in Tanzania, as the Bank of Tanzania (BoT) unequivocally issued a statement on November 12, this year.
The bank noted that trading, marketing and usage of virtual currency is contrary to existing foreign exchange regulations, the BoT press release reads.
The first famous decentralized cryptocurrency bitcoin created in 2009, began taking a rather wide interest in Tanzania, for the past three years. The virtual currency disruption has been noted by the BoT, which led to the central bank’s decision to intervene.
“The Bank of Tanzania has noted a growing trend among members of public engaging in activities related to the usage of virtual currencies (cryptocurrencies) in the country. The Bank is also aware of incidences where these currencies are being marketed and traded with a perception of making them appear as if they were a legal tender in the country. Moreover, there are some …
Unlike other industries, customers care more about interest rates and speed…
Diamond Trust Bank (DTB), the East African banking group, has joined African payment services provider DPO Group, and Mastercard, in the rollout of a business to business (B2B) virtual payment card in Kenya and Tanzania.
The DPO Virtual Card will improve the reach and ability of businesses to make instant digital payments to other businesses in Africa and across the world without the need for a physical credit card, debit card or bank account, improving cash flow for firms and opening up African businesses to other markets.
READ ALSO:Global tech giants eyeing Kenya’s digital payment pie
Merchants of the DPO Virtual Card will receive a 16-digit card number, security code and expiry date and this acts like a digital account which can be used worldwide much like a physical card.
The virtual card will enable secure, swift online payments to be made to any vendor both within and outside …
According to the company’s East Africa General Manager, Ivan Mbowa, doing business in Tanzania for the fintech lender is currently on hold until further notice.…
Tala is promising a disruption in the market that has given them the means and confidence to expand into other markets…
Only 43 per cent of Sub-Saharan Africa’s population was financially included by the end of 2018…
