Report
Financial services | Digital Development
Reviewing Kenya’s New Startup Bill
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Kenya, and particularly its commercial hub, Nairobi, is a major economic player, not just in East Africa, but in Africa as a whole.
Debt burden of least developed countries climb to a record $744bn - World Bank
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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
World Bank Releases Poverty and Shared Prosperity Report for 2020, Themed 'Reversals of Fortune'
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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
Africa’s Pulse: Charting The Road To Recovery
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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
IFC Release Annual Report for 2020
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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,
Nigerian fintech companies raised $600 million in five years – McKinsey Report
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The said McKinsey report has revealed that Nigeria’s fintech companies have raised over $600 million in funding in the last six years.
Policy Framework for Leveraging Digital Financial Services to Respond to Global Emergencies – Case of COVID-19
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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.
Active bank accounts in Nigeria surge to 111.5 million as COVID-19 drives account opening
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A recent NIBSS report reveals the number of active bank accounts surged in Nigeria by 14.41%.
