Two weeks ago, Friends of Europe organized a stimulating conference called ‘Making the Digital Revolution Work Better, Faster for Development’ and my main takeaway was that there’s nothing fast about it.
After a period of selection and voting, the Bank of Sierra Leone (BSL) in collaboration with Financial Sector Deepening Africa (FSD Africa), UNCDF’s Mobile Money for the Poor (MM4P), with support from USAID and the Sida-funded Last Mile Trust Fund, will today announce the finalists of the Sierra Leone FinTech Challenge 2017.
The United Nations Capital Development Fund will be hosting the premier digital financial services (DFS) awards event in Zambia. The Digital Chikwama Awards will be given to organizations and individuals from the private sector who have contributed significantly to advancing digital financial inclusion for the benefit of all Zambians.
Godson Kayiza, a farmer in Kira, Uganda has four school-going children, two of whom are in secondary school. One of these, his daughter, goes to the Kira View secondary school, which is run by PEAS (Promoting Equality in African Schools), an NGO that runs 28 secondary schools in Uganda. Kira View secondary school is about one kilometer from their home. The other child studies in Entebbe, which is about a four-hour drive from home.
Would you be surprised if we told you that there are over 5 million youngsters in Nepal and 82% of them are literate and over 95% of them have access to internet and mobile phones- Pretty good, right? But what if we tell you that only 19% of them are banked- have access to an official banking product.
The game is on. The legislation needed to enable agency banking in Uganda has been passed and so now, banks in the country are preparing to roll out their agency banking strategies. To acquire new customers, especially in the rural areas of the country.
If you ever get a chance to interact with a farmer in Nepal, do not forget to ask this question, “How do you pay your workers and how do you receive the money from your distributors?” The most common answer will be “In cash”.
Our role as UNCDF is often to highlight opportunities. Opportunities for both the private sector and NGOs. That is also what UNCDF is doing this time in refugee settlements in Northern Uganda; showcasing that it is in the best interest of all parties involved to consider digitizing cash based interventions.
It was a day like any other, a quiet Saturday morning. The streets were empty as it was the weekend, everyone was getting ready to get on with their day. Suddenly, things started to move... The 7.8 magnitude earthquake that hit Nepal on the morning of April 25, 2015 scarred the nation forever. Nearly 9000 people died that day and many more were left without homes, properties and family. The personal losses of people can still be left to this day but the nation as a whole, incurred a loss equivalent to US$10 billion.
Le Bénin compte plus de 250 000 Zémidjans, des conducteurs de mototaxis familièrement appelés « Zem ». Ces derniers occupent une place particulière dans l’économie du pays : plus d’un million de personnes vivent des revenus issus des activités de Zémidjans et plus de deux millions de personnes en sont des usagers. La plupart d’entre eux ne sont pas bancarisés et font circuler beaucoup d’argent liquide. Ils représentent donc un véritable potentiel pour le secteur des services financiers digitaux.