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Coronavirus

Customers are served inside the Safaricom mobile phone customer care centre in the central business district of Nairobi

How has Africa’s mobile money market adapted to the pandemic? 

Covid-19 led to widespread regulatory limits on mobile money transaction fees to boost financial inclusion through the pandemic. How have the ... controls impacted mobile money operators, which earn 80%+ of revenues from transaction fees? It looks like the controls are here to stay in some countries. In others, like Tanzania, Vodacom and Airtel successfully lobbied to remove a mobile money tax.

Vaccine rollout, debt and climate change pose risks to Africa’s ‘fragile’ recovery – World Bank

As Africa emerges from the economic shadow of Covid-19, the threat of climate change looms large on one of the regions worst-affected by adverse ... weather events, according to the World Bank’s latest Africa’s Pulse. The continent is projected to grow by 3.3% in 2021, but still lags behind developed economies, which have benefited from massive coronavirus vaccine rollout programmes and substantial fiscal stimulus packages.