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Tanzania’s RAHA Telecom Undergoes Brand Change – Now Part of Liquid

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Liquid Oversees Appointment of New CEO at Tanzania’s Raha Limited

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Absa, Tigo & JUMO Join Forces to Expand FinTech in Tanzania

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Does the Pandemic’s Impact in East Africa Demand Accelerated Digital Transformation?

Image sourced from US News. The COVID-19 pandemic has had a severe socio-economic impact in East Africa. While the region has escaped the worst of the health impact – infection and mortality rates are comparatively low next to those of Europe – the impact on businesses, communities and households has been devastating. With the exception of Kenya, Tanzania and Djibouti, countries in the region experienced negative real GDP growth in 2020, although all countries (with the exception of Sudan) are forecast to record positive growth this year. Traditional foreign exchange revenue sectors such as international tourism have all but disappeared. Data from the UN indicate that tourism numbers declined by 91% in Kenya: in August 2019, the country received 162,000 tourist visitors. By August 2020, th...

Tanzanian FinTech Launches Personal Finance App

Mipango Fintech has launched a new app that will provide free personal financial management to Tanzanians on IOS and Android mobile devices. The app – which is underpinned by AI and operates in Swahili – aims to support Tanzanians to better manage their expenses, provide an opportunity to set up budgets, view, analyze expenses and track personal finances. “Financial literacy is a key gap in the growth and development of this market. Over 50% of Tanzanian adults do not keep track of their expenditures and have no financial goals. This factor leads many citizens to engage in bad debt practices which in turn leads many people into abject poverty,” says Lilian Makoi, co-founder of Mipango Fintech. “We see the launch of this application as an opportunity to change the way our citizens run their...