MTN Ghana (Scancom PLC or MTNGH or the Company) delivered a strong performance for the year in a competitive industry, maintaining market leadership with 55.21% market share.

MTN Ghana is the leading provider of mobile telecommunications services in Ghana. The Company has over 17.83 million subscribers with a market share of approximately 55.09% as at December 2017. MTN Ghana, in line with its vision and mission, continues to lead the delivery of a bold new Digital World to customers and to make their lives a whole lot brighter.

Three concepts that have animated this thinking recently are: artificial intelligence, data stewardship and optimization, and the cloud. Each of these concepts has been bandied about ad nauseam but each has a story behind it that liberates vertical solutions from the confines of what was possible in the past.

FinTech, cryptocurrencies, and blockchain technologies are clearly poised to disrupt nearly every industry and completely change the way we think about the application of technology

The big banking brands have shown little interest in cryptocurrency to date. In part, this is due to their general aversion to high levels of risk and an institutionalised culture ill suited to digital change and innovation – but there is also a legitimate fear that they will fall foul of financial regulators. 

As Financial Services organizations think through their FinTech and Cloud Strategy, while there’s clear momentum across industries, and in Financial Services itself, there are still security and efficiency challenges that need to be addressed.

Today, in order to maintain competitive advantage, financial institutions need to be increasingly agile and quick in how they respond to fast-changing customer expectations and ultimately beat their competitors.

The FinTech landscape continues to evolve, with new and continuing litigation related to consumer financial services platform innovation, the economics of cryptotokens, features of a blockchain, and allegedly disruptive cryptocurrency trading practices.

FinTech companies are generally well versed in the complexities of infrastructure analysis, banking and financial industry regulations, and legacy systems.

A whole range of companies within the banking and FinTech industries are starting to explore ways through which they can take advantage of the electronic ledger technology that powers cryptocurrencies, such as Bitcoin

WorldCover is capable of providing premiums at a comparatively low-cost, which, like simplicity, is an essential part of their business model.

The announcement was made at the 2017 LendIt USA Conference in New York. The three investment transactions include Series C financing round in Trumid, an electronic trading platform for the bond market; Series B financing round in WeConvene, an online corporate access management ERP provider for capital markets; and Seed Round financing round in WorldCover, an innovative peer-to-peer insurance network.

M-PESA is a very popular service among Kenyans as it serves to increase money circulation in the economy by offering a fast and secure mode of transferring money, making payments and also borrowing and repaying loans.

“It’s about using insurance to get rid of risk for these farmers and unlock opportunities for them,” Chris says. He says that research found that for farmers who received insurance (rather than cash grants) borrowed and invested more in their farms.

WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.

WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.

Compared to existing empirical evidence on the impacts of digital technologies on African firms, the quantitative analysis hereafter presented incorporates various novelties.

Realizing financial inclusion benefits through the adoption of artificial intelligence relies on its responsible adoption by firms, on competitive market settings, and on continued investment in the necessary infrastructure.

Nephila assists insurtech WorldCover with reinsurance via Lloyd’s syndicate

Emerging markets and climate insurance focused  insurtech start-up WorldCover has partnered with the world's largest ILS fund manager Nephila Capital,

Drought spells disaster for many farmers in the developing world as most lack crop insurance. No rain means no income, no food and not enough resources to replant the next year.