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Financial services | Digital Development

Reviewing Kenya’s New Startup Bill

Reviewing Kenya’s New Startup Bill
Members Public

Kenya, and particularly its commercial hub, Nairobi, is a major economic player, not just in East Africa, but in Africa as a whole.

Ola Olaoluwa
Ola Olaoluwa
Report
Debt burden of least developed countries climb to a record $744bn - World Bank

Debt burden of least developed countries climb to a record $744bn - World Bank
Members Public

The debt burden of the world's least developed countries continues to climb to a record $744 billion in 2019, World Bank revealed on Monday through the latest edition of its International Debt Statistics (IDS) report. According to the 2021 IDS report the total external debt of DSSI-eligible countries climbed by

Ola Olaoluwa
Ola Olaoluwa
Report
World Bank Releases Poverty and Shared Prosperity Report for 2020, Themed 'Reversals of Fortune'

World Bank Releases Poverty and Shared Prosperity Report for 2020, Themed 'Reversals of Fortune'
Members Public

The Poverty and Shared Prosperity series provides the latest and most accurate estimates on trends in global poverty and shared prosperity. For more than two decades, extreme poverty was steadily declining. The World Bank Group reports that for the first time in a generation, the quest to end poverty has

Adaugo Nwankpa
Adaugo Nwankpa
Report
Africa’s Pulse: Charting The Road To Recovery

Africa’s Pulse: Charting The Road To Recovery
Members Public

Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to a recent World Bank regional economic analysis, Africa’s Pulse: Charting the Road to

Ola Olaoluwa
Ola Olaoluwa
Report
IFC Release Annual Report for 2020

IFC Release Annual Report for 2020
Members Public

International Financial Corporation (IFC) have released their annual report for 2020, themed "Transformation". IFC had a strong year in spite of the global challenges presented by COVID-19. They invested $22 billion, including $10.8 billion mobilized from other investors. Their comprehensive approach helped businesses innovate, build internationally competitive industrial sectors,

Tochukwu Egesi
Tochukwu Egesi
Report
Nigerian fintech companies raised $600 million in five years – McKinsey Report

Nigerian fintech companies raised $600 million in five years – McKinsey Report
Members Public

The said McKinsey report has revealed that Nigeria’s fintech companies have raised over $600 million in funding in the last six years.

Tochukwu Egesi
Tochukwu Egesi
Report
Policy Framework for Leveraging Digital Financial Services to Respond to Global Emergencies – Case of COVID-19

Policy Framework for Leveraging Digital Financial Services to Respond to Global Emergencies – Case of COVID-19
Members Public

The global pandemic COVID-19 and the ensuing emergencies have reinforced the urgency of using Digital Financial Services (DFS) to preserve the functioning of financial systems and the security of people during the period of declining demand, reduced supplies, and tightening credit terms.

Ola Olaoluwa
Ola Olaoluwa
Report
Active bank accounts in Nigeria surge to 111.5 million as COVID-19 drives account opening

Active bank accounts in Nigeria surge to 111.5 million as COVID-19 drives account opening
Members Public

A recent NIBSS report reveals the number of active bank accounts surged in Nigeria by 14.41%.

Tochukwu Egesi
Tochukwu Egesi
Financial inclusion