Inovate Omnicient Award

Omniscient Wins Prestigious Financial Inclusion Award

Omniscient, a prominent South African fintech company, recently received the Finovate 2024 Excellence in Financial Inclusion Award, recognizing its innovation in delivering financial services to underserved communities. This achievement highlights the growing importance of fintech in bridging the financial divide globally, particularly in developing markets like Kenya. Kenya too has made remarkable progress in financial…

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Starlink Introduces a More Affordable Mini Kit in Kenya: Game Changer for Rural Connectivity

Kenya’s internet landscape continues to evolve rapidly, and the latest player making waves is Starlink. A subsidiary of SpaceX, Starlink is known for offering satellite-based internet to regions with unreliable connectivity. Now, with its new mini kit, Starlink is making a bold move by lowering the cost of entry for consumers in Kenya. The newly…

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Smse

Revolutionizing MSME Growth: International Trade Center Launches MSME Financing Gateway in Kenya

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of many economies, particularly in developing regions like East Africa. They drive job creation, innovation, and economic growth, but they often struggle with one critical challenge: access to financing. The International Trade Center (ITC) has recognized this and has recently launched an innovative solution—the MSME Financing…

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Mbridge Cbdc

Project mBridge Reaches Milestone, Unveils Global CBDC Platform and Seeks International Collaboration

Article Highlights: Born from the vision of central banks in Thailand, Hong Kong, China, and the United Arab Emirates, mBridge operates under the Hong Kong BIS Innovation Hub. It’s not a solo act. The project boasts an impressive roster of participants: Africa’s getting in on the action too. The Bank of Namibia, South African Reserve…

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Kenya Mobile Cash Industry

Kenya’s Digital Gold Rush: Unlocking the Financial Markets Potential using Mobile Phones

The Mobile Revolution Kenya, with over 32 million smartphones in use, is undergoing a financial transformation. Mobile money platforms like M-Pesa have revolutionized transactions, allowing many Kenyans to save, send, and receive payments without traditional banking. This change has been pivotal for 44% of the population previously excluded from formal banking services. Now, a new…

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Africhange

Nigerian Fintech Africhange Launches in the UK, Revolutionizing Nigerian Remittances

Africhange, a Nigerian fintech company, has launched its operations in the UK. The company aims to meet the growing demand for convenient remittance services between the UK and Nigeria. This expansion marks a significant step for Africhange as it seeks to provide a seamless and cost-effective platform for money transfers across various regions. Global Reach…

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African Cross Border Fintech

Transforming Africa’s Cross-Border Payments: A Bold New Approach

Transferring money between African countries can be incredibly frustrating. High fees, poor infrastructure, and security risks plague both individuals and businesses engaged in intra-African trade. Fintechs, banks, and mobile network operators (MNOs) are striving to improve cross-border payments in Africa. Innovations like blockchain, real-time transfers, and better national settlement systems are paving the way for…

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