19 Results

Vehicle Inspections Cost Too Much for Many DRC Drivers, But Who Pays the Price?

Region: Democratic Republic of Congo

Topics: Human RightsMoney

In Democratic Republic of Congo, drivers are reluctant to take their vehicles for official routine inspections because the price is too high. But poor maintenance has resulted in shoddy vehicles, the use of which can have deadly consequences.

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In Zambia, Scams on the Rise as Mobile Money Booms

Region: Zambia

Topics: BusinessEconomyMoney

Across Africa, mobile money is everywhere. But, as some Zambians are finding out the hard way, scammers are everywhere, too.

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Tired of Corruption, Ugandans Explore Formal Banking Opportunities

Region: Uganda

Topics: CorruptionMoney

In Uganda, formal banking has not been a popular or traditional option for investing money. But that may change as the challenges of doing business have more Ugandans seeking out low-risk alternatives.

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As Bond Note Value Drops, Zimbabwean Money Clubs Watch Savings Disappear

Region: Zimbabwe

Topics: EconomyMoney

Members of savings groups in Zimbabwe eagerly anticipate receiving the money they’ve saved incrementally over the previous year. But as the bond note continues to drop in value, some members are in for a rude awakening.

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DRC’s Unemployed Football Fans Hope to Monetize Their Passion – in Betting Shops

Region: Democratic Republic of Congo

Topics: Money

DRC has never been one of Africa’s gambling hot spots, but high unemployment has made gambling a popular way to make quick money. Now, football fans with few employment opportunities are spending hours playing the odds – at any cost.

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Minimum Wage Hike Backfires for Domestic Workers in Zambia

Region: Zambia

Topics: EconomyJobsMoney

The Zambian government passed a law in 2018 that dramatically increased the minimum wage. But the move, intended to help workers, has left maids scrambling to find jobs.

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Loosely Regulated Microloans and High Interest Rates Trap Sri Lankans in Debt

Region: Sri Lanka

Topics: InfrastructureMoney

Microloans have been praised worldwide for their ability to help women start businesses and rise out of poverty. But in Sri Lanka, microloans with exploitative interest rates are having the opposite effect.

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When Is a Dollar Not a Dollar? Inside Zimbabwe’s Labyrinth of Currencies

Region: Zimbabwe

Topics: EconomyMoney

In Zimbabwe, legal tender can take the form of U.S. dollars, bond notes, EcoCash, mobile wallets and a pseudo-currency called RTGS. As their values rise and fall throughout each day, there’s real money to be made from trading money.

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New Income Tax in Rwanda Causing Major Financial Strain for Many Mobile Money Agents

Region: Rwanda

Topics: BusinessMoneyPolitics

More than 7 million Rwandans do their banking through their cellphones, but many of the agents who facilitate the banking transactions never declared their income to the country’s tax authority. Now the tax authority has started taking a 15-percent withholding tax from these agents’ incomes with the cellphone provider, plunging some of these agents into financial turmoil.

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Argentina’s Peso Falls – and so Do Migrant Workers’ Remittances

Region: Argentina

Topics: EconomyHuman MigrationMoney

Workers from around the world came to Argentina for jobs that would let them send meaningful remittances to family members in their home countries. But Argentina’s peso is rapidly depreciating, and inflation is rising, and now many of these migrant workers are wondering what to do about the plunging values of their remittances and their bank accounts.

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