Archive for the ‘Banking & Financial Services’ category

Africans to surge up the ranks of ultra-high-net-worth individuals over the next decade

The number of ultra-high net worth individuals in Africa will increase by 59% over the next 10 years.

Financing boda-bodas in Uganda: Where banks say no, this entrepreneur says yes

Michael Wilkerson is one of the founders of Tugende, a company that offers a lease-to-own model to help Ugandan boda-boda drivers own their own motorcycle.

Mobile financial services in Africa not as advanced as some might think

Although there has been a surge of mobile money use in sub-Saharan Africa, mobile money services are really just getting started.

MasterCard talks Zimbabwe’s remittance market and the role of mobile money

A look at MasterCard’s partnership with Steward Bank and EcoCash to assist remittance transfers.

African pension funds should invest more in local private equity, says fund manager

Pension funds in Africa should direct more money towards financing private equity firms that fund local enterprises.

Bitcoin exchange expands to Kenya, sees potential in using M-Pesa

Global Bitcoin exchange Igot has been granted access to the mobile money service M-Pesa, currently used by about 17 million Kenyans.

Study: Weather-based insurance benefits farmers

A new study shows that weather-based insurance will help smallholder farmers to withstand the effects of climate change and market shocks.

Factors private equity firms consider when investing in African mining

Private equity industry experts discuss what they consider when looking at potential mining deals.

Aggressive strategy required to reduce the unbanked in Nigeria – but possible

Nigerian banking continues to face significant headwinds – in relation to both revenue and costs.

Meet the Boss: Ismail Ahmed, founder, WorldRemit

“Coming across sceptics in professional life can actually be more useful than advice. It makes me work even harder towards my vision.”

Meet the Boss: Jannie Mouton, founder, PSG

“Thinking back, my biggest lesson was back when I was fired because I was too relaxed and too sure of myself.”

Five reasons to be upbeat about Africa’s insurance industry

Elmehdi Amid, a senior analyst at Infomineo, highlights five realities supporting the idea of a booming African insurance market.

Why a new fund is targeting intra-Africa trade

COMESA is set to see up to US$1bn injection with new trade finance fund.

What Bitcoin could mean for remittances in Africa

Could Bitcoin help curb Africa’s loss of US$1.8bn annually in remittance fees?

Why a South African law firm is accepting Bitcoin as a payment option

Thomson Wilks is now accepting the crypto-currency Bitcoin as a form of payment from its clients.