World Bank

Total 15 Posts

African digital payments can spur Africa's development

Africa has undergone a remarkable journey over the past 30 years. The continent has not only leapfrogged legacy technology and systems into a more relevant future, but it has done so despite challenging circumstances.

Challenges of providing electricity to rural parts of Kenya

Rural electrification was hailed as a game-changer in improving the livelihoods of people in rural areas of Kenya. It didn't go as planned because for people to use electricity, there needs to be some form of economic empowerment.

Kenya should embrace automation

The World Bank has reported that Kenyans earn more than twice the country's output. Part of the problem is the use of manual labor in fields that can easily be mechanized or automated.

Kenya secures $750 million loan

Kenya’s has secured $750 million loan to enhance inclusive growth, accelerate poverty reduction, and support of reforms in agriculture, housing, digital technology and fiscal management.

The growth of mobile money in Somalia comes with some risks

Mobile money transfers have become the norm in Somalia. Transactions total as much as $2,7bn a month.

South African artificial intelligence and drone startup closes Series A funding round

Aerobotics, a South African startup that uses machine learning and artificial intelligence to process satellite and drone imagery and deliver insights to farmers, reports that it has successfully closed a Series A funding round of approximately $2 million. The funding round saw participation from investors such as Nedbank Group, AgFunder,

Study hopes to help expand digital financial inclusion

A new study that hopes to help with expanding digital financial inclusion in emerging markets, including Afrika, has been announced. Titled "Aligning Expectations: The Business Case for Financial Inclusion", the study was published by the International Finance Corporation (IFC), a member of the World Bank Group, along with