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A World’s First? Kenya’s USSD-Powered Government ‘Hustler Fund’ Loan Program Kicks Off
The Kenya government's Hustler Fund quickly disbursed over 413 million Ksh ($3.3 million) in loans after its launch, aiming to support small businesses and encourage savings. Accessible via mobile, it offers flexible loan options and promotes financial stability.
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LAUNCH | Mauritius Government Launches Multi-Sectoral Blockchain Verification System for Citizen Records
The Vice-President of Mauritius launched a blockchain-based eVerify service to enhance digital verification during an ICT workshop, emphasizing the need for regulations to protect citizens amid technological advancements. The service aims to improve trust and efficiency across various sectors.
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INFLATION | Zimbabwe Inflation Soars for First Time Since ZiG Launch
Zimbabwe's monthly inflation has risen sharply since the introduction of the ZiG currency in April 2024, driven by increased food prices. The ZiG depreciated against the U.S. dollar, and despite its recent stability, food shortages and upcoming droughts threaten further inflation.
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SAVVY MINING Receives Strategic Financing as Cloud Mining Grows in Influence
SAVVY MINING has raised $500 million to enhance its decentralized governance solutions. Founded in 2017 and regulated in the UK, it provides cloud mining services and public offering technologies, making cryptocurrency mining accessible without heavy investments.
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Chipper Cash Formally Launches Operations in Rwanda, its 6th African Country
Chipper Cash has expanded its fintech services to Rwanda, aiming to enhance financial inclusion through a mobile app facilitating cross-border transactions and global payments. This expansion seeks to empower Rwandans with easy access to financial services, supporting economic growth. Future offerings include a virtual card and tools for SMEs.
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