Africa

Savings and credit services are spread across the world. Away from the formal banking systems, most people across Africa come together under small village, community and work associations and start banking groups. They then save on a daily, bi-weekly, weekly, after a fortnight or monthly. They meet periodically, usually every week to review the progress […]

With a population of close to 1.5 billion people, Africa is a continent of endless opportunities. However, due to poor infrastructure, high illiteracy rates and low technology adoption among others, most of these opportunities remain untapped. For instance, the majority of Africans are financially excluded because of the absence of equitable financial products and services. […]

Even though Africa has very many young and talented innovators, most of their start-ups suffer from failure to break even, are bogged down by poor business governance issues and eventually succumb to early exits from the market. Among the major factors that contribute to these early exits is a lack of proper business mentorship, which […]

Tax compliance is key to economic transformation globally as the revenues collected are then used to finance service delivery and infrastructure development. But sometimes, individuals and organizations alike fail to comply due to a cocktail of issues such as the absence of proper tools to support collections and ignorance. To cure these ills, the government […]

Kariakoo is Dar es Salaam’s largest and most vibrant market; filled with energy and a rich cultural experience. The market attracts hundreds of sellers and buyers every day who complete multiple transactions. Being an African market, Kariakoo’s preferred mode of transaction has always been cash. But this is fast changing. A few years ago, a […]

Minus channelling a lot of resources towards product development, companies also spend quite a lot on marketing and sales. But then after doing all of this, many companies struggle to collect payments due to either the absence of effective payment tools or ignorance about the seamless payment tools available on the market. This is where […]

One of the key challenges faced by credit-offering institutions is payments’ collection. Many customers fail to pay promptly because they don’t have the funds while others may have the funds but are simply unwilling to comply. This is further worsened by the hard economic times currently witnessed globally. However, innovators are using technology to address […]

Even though eCommerce platforms have been around for decades, they were not very popular in Africa until 2020, when the unfortunate COVID-19 pandemic happened. The COVID-19 pandemic brought e-commerce platforms to the forefront as the world searched for safe and convenient ways of shopping. Since then, eCommerce has been a fast-growing business around globally. E-commerce […]

Tanzanian FinTech company, Ramani is leading the transformation of Africa’s supply chains through the development of the latest technology financial infrastructure. Founded in 2019, Ramani is focused on fixing fragmented consumer goods supply chains that traditionally suffer from a lack of data visibility and are burdened by limited access to financial services. It fixes this […]

It is not unusual that you will have TZS 100,000 in the morning and by evening you will have spent it all. This is so because while making more is hard, managing this money after earning is even much harder. But that is where technology comes in handy. Innovators have developed several tools to spearhead […]