Tech-savvy Africans are hedging against inflation by going digital

By Conrad Onyango, bird story agency The recent announcement by Opera MiniPay that it had signed up over one million users in Kenya, Nigeria, and Ghana just five months after its launch is the clearest indication yet of the rising popularity of decentralised finance, or DeFi tools, across the continent. “MiniPay makes it easier and more affordable for individuals across Africa to acquire, send and receive Mento […]

February 19, 2024 19

Africa

Climate adaptation funds are not reaching frontline communities: what needs to be done about it

By Katherine Browne, Stockholm Environment Institute Communities around the world face increasingly severe and frequent impacts from climate change. They are on the “frontlines” of droughts, flooding, desertification and sea level rise. International climate finance is supposed to help. In the 2015 Paris Agreement, the world’s wealthiest countries pledged US$50 billion annually to support climate adaptation among those “particularly vulnerable” to climate change. Climate adaptation is the adjustments humans make to […]

November 27, 2023 7