Fintech Companies Aim to Slash High Remittance Costs for Sub-Saharan Africa
In 2023, remittances to sub-Saharan Africa were valued at $54 billion. Remittances account for over a fifth of GDP in The Gambia, Lesotho, and Comoros.
Mukuru Launches Mobile Wallet to Expand Financial Access in Zimbabwe
Mukuru launches Mukuru Wallet in Zimbabwe. Mukuru awarded DTMFI license by the Reserve Bank of Zimbabwe.
Zimbabwe: Mukuru awarded Deposit-Taking Microfinance Institution (DTMFI) licence
Mukuru awarded DTMFI licence in Zimbabwe. Focus on financial inclusion for SMEs, women, youth, and people with disabilities.
Financial Services Platform Unveils Mobile Wallet for Malawi
Launch of Mukuru Wallet in Malawi. Response to growing demand for digital financial services.
Fintechs Are Airlifting Hard Currency As Zimbabweans Cling To US Dollars
Remittances from Zimbabweans living abroad have surged 16% to USD 823 M in the first half of 2024. Mobile money companies like Mukuru airlift millions of US dollars into the country every month.
