Launch of new reports on the impact of the COVID-19 on the low- and moderate-income populations and MSMEs in Asia and Africa
MSC and Swiss Capacity Building Facility(SCBF) launched the new reports on the impact of the COVID-19 on the low- and moderate-income populations as well as micro, small, and medium enterprises (MSMEs) in Asia and Africa, through an interactive webinar on 28th of January, 2021.
Use of remittances to encourage the unbanked to open accounts—a missed opportunity
The activities of many entrepreneurs in Senegal require financial flexibility that banks and microfinance institutions find difficult to provide. Life would be much easier for people like Abdoulaye, if financial institutions were to partner with money transfer companies to create digital profiles and develop an alternative credit history to extend them credit. Read Abdoulaye’s story.
Inclusive FinTechs in Francophone Africa: Senegal country report
With a vibrant startup ecosystem and growing access to investors, Dakar ranks ninth in Africa in terms of Fintech activity, according to the Global FinTech Index City Rankings 2020. The Government of Senegal is supportive and wants to enhance the growth of digital industries and strengthen the entrepreneurial ecosystem, yet FinTechs need access to funding and qualified staff.
COVID-19: Impacted yet proactive youth response to the crisis through innovation
COVID-19 has disrupted normal life—in terms of health, economy, and society. The pandemic is unique in that it affects all segments of the population, including youth. Young people are more vulnerable to declining labor demand. However, instead of giving up, youth have shown their resilience and turned this crisis into business opportunities, creating brilliant initiatives.