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4 posts found.

Selected Category: ICT

The bank-in-phone wasn’t a joke after all

Many things changed when two Ethiopian friends opened their first bank accounts. It is evening in the Ethiopian capital Addis Ababa. Horse entrepreneur Eyob Lema carries in his pocket a 100 birr banknote, his earnings for the day. The sum equals to about three euros. Thirty-year-old Eyob Lema is a typical Ethiopian in the sense […]

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Finnfund invests USD 19 million in Zain Iraq to rebuild Iraqi network

Finnfund today announced a USD 19 million loan to Iraq’s leading mobile network provider Atheer Telecom Iraq, known by its brand name Zain Iraq. Zain Iraq, a member of Kuwait-based Zain Group, has been operating in Iraq since 2004. The financing allows Zain Iraq to modernize its network in Northern Iraq as well as enhancement […]

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Finnfund invests in financial services technology platform Jumo

Finnfund, a Finnish development finance company, has made an investment in Jumo, a financial services platform providing mobile financial services in emerging markets. JUMO is a multi-sided platform for Mobile Network Operators and Financial Service Providers.  To date, JUMO has served over 5 million people in Africa and Asia using behavioural data from mobile usage. […]

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Fuzu matches workers with jobs

It is hard to find a job in Nairobi. Even good qualifications do not open all the doors. The competition is ruthless. There is no shortage of applicants and the number swells by a million each year. Nairobi, full of smart young university graduates, may be Africa’s toughest job market. Sylvia Biwott and Gregory Oyolo are […]

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