Formal - eriinfo

Telco-powered credit score aims to add millions to formal economy

eriinfo.com1 month ago06 mins

Africa accounts for 70% of the R18 trillion stored in mobile wallets. Credit bureau TransUnion believes it is possible to enable as many as 500 million financially excluded Africans to join the formal economy, growing gross domestic product (GDP), through analysing mobile network subscribers’ behaviour when they buy data or airtime. TransUnion Africa − in…

Africa

Africa: Sub-Sahara Africa Progresses in Closing Gender Gap …Women in Lower – and Middle-Income Economies Move Into Formal Jobs

eriinfo.com1 month ago09 mins

Sub-Saharan Africa ranks sixth in terms of the global gender gap, with a current score of 68% according to the World Economic Forum (WEF). In its latest Global Gender Gap Report 2025, released this week, the WEF notes Sub-Saharan Africa displays wide variation across countries, but its success stories demonstrate that progress is possible in…