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News About Africa
September 29, 2016
Can Africa's mobile money revolution reduce poverty?
Dakar (AFP) Sept 28, 2016
When farmer Isaac Tondo fell on lean times in Liberia's long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children's school fees would still be paid. Across Africa more and more people - from urban start-ups to hard-up villagers - are now spending, saving and planning for the future through banking services offered by mobile phone companies. And experts believe growth and poverty reduction will follow, if certain k ... read more

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