Financial Inclusion
Latest articles about financial inclusion in African payments and fintech
Fido Money Launches AI-Powered Lending Platform in Ghana
Ghanaian fintech Fido Money has introduced an AI-powered lending platform to expand credit access. The launch coincides with the Ghanaian government's stated policy of using digital payments and fintech regulation to stimulate financial market growth.
Solar Power Fuels Malawi's Mobile Money Growth, Yet Access Gap Widens
Solar-powered phone charging has enabled a mobile money boom in Malawi, but the daily cost of charging is creating a new financial barrier for the poorest households. This highlights the complex challenge of achieving true financial inclusion in markets with critical infrastructure gaps.
The MoMo Paradox: Ghana's Mobile Money Boom Fails to Lift Formal Financial Inclusion
Ghana's mobile money market shows a 'MoMo paradox,' with transaction value rising over 25% to GH¢1.56 trillion in 2025 while active accounts fell by one million. This highlights a gap between increased digital payments usage and stalled progress in formal financial inclusion.
Fido Ghana Secures $5.5 Million Debt Facility to Expand Lending
Digital lender Fido Ghana has obtained a $5.5 million debt facility to grow its loan portfolio and develop new products. The investment, announced on March 3, 2026, will support the company's expansion in Ghana's competitive digital credit market.
South African Fintech Lula Secures ZAR340M from FMO for SME Lending
South African digital lender Lula has obtained a ZAR 340 million debt facility from FMO to finance small business loans. The deal highlights the growing role of fintechs in addressing SME funding gaps in competitive markets like South Africa.
World Bank Backs Burkina Faso's Digital Infrastructure Plan
The World Bank has announced support for Burkina Faso's nationwide digital infrastructure expansion program. The initiative aims to enhance digital connectivity and financial inclusion across the West African nation of 21 million people.
MNT-Halan Partners with Visa to Expand Digital Payments in Egypt
MNT-Halan has partnered with Visa to expand its prepaid card offerings in Egypt. The collaboration aims to boost financial inclusion in a country where the majority of the population remains unbanked.