Tag: Financial Inclusion
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Cashless Economy to Strengthen Governance and Fight Corruption, Says PM
Pakistan Drives Toward a Cashless Economy to Improve Governance In a bold push to modernize the economy and tighten governance, Prime Minister Shehbaz Sharif underscored that the shift toward a cashless society will be pivotal for sustainable development. Speaking at a high-level meeting, the PM reviewed the progress of ongoing digital payments initiatives designed to…
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Cashless Economy: A Path to Better Governance and Reduced Corruption, Says Pakistan PM
Pakistan Eyes Cashless Transformation to Strengthen Governance Prime Minister Shehbaz Sharif has reiterated Pakistan’s commitment to a cashless economy as a cornerstone of sustainable development and transparent governance. Speaking at a high-level meeting, the prime minister underscored that digital payments and cashless systems can curb illicit activity, streamline public services, and enhance accountability across government…
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CBN Recapitalisation: A Path to Nigeria’s $1 Trillion Economy by 2030
Introduction: Banking Reforms at the Core of Nigeria’s 2030 Economic Dream As Nigeria eyes a bold milestone—the country reaching a $1 trillion economy by 2030—the Central Bank of Nigeria (CBN) continues to push ahead with its banking sector reforms. In particular, the ongoing recapitalisation drive is positioned as a central lever to unlock credit, attract…
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Awash Bank Unveils Mesmer Digital Lending Platform for Ethiopian SMEs
Reinventing SME Financing in Ethiopia Awash Bank has taken a significant step to redefine access to finance for small and medium enterprises (SMEs) in Ethiopia with the launch of Mesmer Digital Lending. This new platform is designed to streamline the loan application process, reduce turnaround times, and provide SMEs with a more transparent and user-friendly…
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Survey Finds DPI Could Unlock Africa’s Next-Gen Entrepreneurs
New DPI Survey Points to a Path for Africa’s Entrepreneurial Renaissance A recent DPI survey spanning six African markets reveals a compelling link between secure digital payment ecosystems, robust digital identification, and the ease of starting and growing small businesses. The research suggests that when individuals can prove who they are and move money securely,…
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Survey Finds DPI Could Unlock Africa’s Next Generation of Entrepreneurs
Overview: A Data-Driven Path to Entrepreneurial Growth A landmark survey from the Digital Productivity Initiative (DPI) highlights the potential for a more inclusive and vibrant entrepreneurial landscape across Africa. Examining six diverse markets, the study reveals that secure digital payment rails and robust identity systems could dramatically lower the barriers to starting and scaling small…
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Leaders Call on Africa to Harness Domestic Capital at AFIS 2025
AFIS 2025 Sets a New Trajectory for Africa’s Finances The Africa Financial Industry Summit (AFIS) 2025 opened in Casablanca with a bold call: Africa must look inward and mobilize its own capital to drive sustainable growth. The inaugural panel set the tone, stressing that external funding will remain essential, but it is domestic resources—seeded by…
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Kenya’s Investment Sector Rebounds as Jubilee Hits $130M in Retail Assets
Kenya’s Investment Sector Rebounds with a Major Jubilee Milestone The Kenyan investment landscape is signaling renewed vigor as Jubilee, led by financier Dominic Kiarie, reports a significant milestone: its retail assets have surged to about $130 million. Launched in December 2022, Jubilee’s suite of retail investment funds—comprising the Jubilee Money Market Fund (domiciled in KES…
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Pioneer Champions a People-First Approach to Insurance in the Philippines
Introduction: A New Era for Microinsurance in the Philippines Pioneer Insurance is redefining how insurance serves underserved Filipinos by centering accessibility, trust, compassion, and efficient claims settlement. In a market where affordability and reliability are chronic pain points, Pioneer’s people-first philosophy is turning the stereotype of insurance from a guarded expense into a reliable asset…
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Major Changes in Banking Sector for India’s Growth by 2047
Introduction As India strides toward its goal of becoming a developed nation by the year 2047, significant changes are underway in the banking sector. The Indian government has set an ambitious target to elevate two of its major public sector banks into the ranks of the world’s top 20 banks. This initiative aims not only…