Ivory Coast – Africa Tech Digest

Jumo, MTN launch mobile money loan offering to improve SME credit access in Ivory Coast

15Sep

By Africa Tech DigestNo Comments

ecommerce, Mobile

Jumo, MTN launch mobile money loan offering to improve SME credit access in Ivory Coast

South Africa-based Jumo has partnered with MANSA Bank and MTN Mobile Financial Services to provide loans to entrepreneurs and small businesses in Ivory Coast. Founded in 2015 and backed by Goldman Sachs, Jumo offers savings and credit products to entrepreneurs in emerging markets, as well as financial services infrastructure to partners such as e-money operators and banks. In Ivory Coast, which is Jumo’s most recent market, the collaboration will see the company introduce its new short-term and small-scale loan product, VitKash, built in partnership with MANSA and offered through MTN’s mobile money platform. Continue reading Image: UNCDF

Meet Julaya, a startup solving payment frictions for the World Bank in Ivory Coast

Grace Kouassi, an Ivorian construction retailer, goes through a lot of hassle when she has to pay employees their monthly salaries. Her challenges are not due to a lack of cash but stem from how best to disburse the funds. She has three options – use bank transfers, mobile money, or cash. In countries like Nigeria or South Africa, the first option, to an extent, is effective for business payments but not in Ivory Coast. Charges on real-time gross settlement (RTGS) interbank transfers can be as high as CFA17,000 ($30) and most times, the transfers take longer than expected – up to three days instead of a few hours – while also being prone to transaction issues. Continue reading

African Development Bank Coding for Employment program marks milestone: 130,000 users across Africa

The program’s online platforms offer in-demand technical courses such as web development, design, data science and digital marketing – for free ABIDJAN, Ivory Coast, August 13, 2021/APO Group/ -- On International Youth Day, the African Development Bank (www.AfDB.org) announces the enrolment of 130,000 users in its Coding for Employment digital skills program. The milestone comes as Coding for Employment works to equip African youth with information and communication technology, entrepreneurship and soft-skills training to compete in a digital economy. The program’s online platforms offer in-demand technical courses such as web development, design, data science and digital marketing – for free. With the onset of the Covid-19 pandemic, resulting in lockdowns and school...