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New Tanzanian fintech firm launches digital payment services in Tanzania
Stakaba Technologies, a Tanzanian fintech company, has launched a suite of digital payment services to boost financial inclusion and support Tanzania’s transition to a cashless economy. Founded by entrepreneur Philip Mchau, the platform offers secure digital payments, agency banking, card issuance, bill payments, e-commerce integration, and remittance solutions.
Stakaba aims to empower all Tanzanians, from urban vendors to rural farmers, by connecting them to modern financial systems. With over 50 million registered mobile money accounts and annual transactions exceeding Sh100 trillion, the company plans to onboard 30,000 agents and merchants by 2027, positioning itself as a key player in East Africa’s digital transformation.
Despite Tanzania’s growing digital finance landscape, about 60% of the population remains underserved by formal banking. Stakaba’s launch addresses this gap, providing financial tools and opportunities for empowerment, dignity, and inclusive economic growth across the country.
Read the original article here: https://www.msn.com/en-xl/money/other/new-tanzanian-fintech-firm-launches-digital-payment-services-in-tanzania/ar-AA1KLn6w?ocid=BingNewsVerp
United Kingdom (UK) boosts African mining investments in lead-up to African Mining Week (AMW) 2025
African Development Bank and Invest in Africa sign $850,000 grant agreement to boost inclusive green jobs in Ghana
The African Development Bank has partnered with Invest in Africa (IIA) to launch MicroGREEN, a $850,000 initiative that creates sustainable employment opportunities in Ghana and Senegal. The project aims to create 500 green jobs, with a particular focus on targeting women, youth, and individuals with disabilities in agroforestry, fisheries, and biodiversity conservation.
The initiative is funded through the Bank’s Fund for African Private Sector Assistance (FAPA), complementing an existing $1 million grant from the Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. The two-year project will focus on developing climate-resilient employment opportunities in sectors requiring ecosystem management and green technology expertise.
MicroGREEN addresses the underrepresentation of women and youth in Africa’s sustainable growth sectors by providing entrepreneurship training, business development services, and mentorship programs. The project specifically targets small and medium enterprises (SMEs) in Ghana and Senegal, where access to business development resources is often limited, particularly for women- and youth-led ventures.
Read the original article here: https://afdb.africa-newsroom.com/press/african-development-bank-and-invest-in-africa-sign-850000-grant-agreement-to-boost-inclusive-green-jobs-in-ghana-and-senegal?lang=en
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