IFC, a member of the World Bank Group, is providing a €40 million subordinated loan to Attijari bank Tunisia, a leading private bank in Tunisia, part of the Attijariwafa bank Group, to help strengthen its capital base and grow its lending operations.
ACI Worldwide a global provider of real-time electronic payment and banking solutions has announced that Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, is utilizing ACI’s UP Retail Payments solution to modernize its payments infrastructure.
Equitel processed 87.9 million mobile commerce transactions between April 2018 and June 2018, up from 77.6 million transactions in the preceding quarter, representing a 13 per cent increase. At the same time the value of mobile commerce transactions increased to Ksh328.2 billion, a 13 per cent increase from Ksh290.3 billion that was processed over the same period.
Since launching on 27 March 2017, Ethiopian Airlines has firmly established itself at Norway’s main airport. Now they are enhancing their service offering between Addis Ababa and Oslo Airport.
Intelsat S.A, operator of the world’s first Globalized Network and leader in integrated satellite communications, and Africa Mobile Networks (AMN) have announced that Intelsat has made a strategic investment in AMN.
The Angolan Government invested between US $ 99.5 billion and US $ 99.5 billion between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks electricity.
Several US firms were recently targeted by online fraudsters who used elaborate scamming schemes to dupe them into incurring devastating financial losses.
Frankfurt-based firm GreenTec Capital has announced that it is expanding its West African presence with the opening of a new office in Lagos, Nigeria.
London-based startup accelerator Founders Factory has partnered with Standard Bank to launch its first international location in Johannesburg, South Africa to build and scale a further 100 technology startups.
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) has completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
Google has over the last few months been actively involved in different activities across the continent. The search giant has also been rolling out some new features and also working closely with different organizations to empower local communities.
There is a great demand in Africa for cross-border payments and a need to regulate the payment industry on the continent while at the same time opening it up to include non-banks.
Despite Africa’s impressive growth in past 25 years and its entry into the digital economy, the job market continues to be in a depressed state as youth unemployment continues to rise.
It is those companies that understand how to capture the moment of digital truth to transform the customer experience that will thrive.
We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all sectors.
Paul Randall is the Executive Director of Creditinfo, a credit information and risk management solutions provider in Africa and other countries across the globe. ,
Ugandan businesses are becoming increasingly mindful of competition requirements and domestic antitrust laws when engaging in commercial transactions in other African jurisdictions.
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
Investment in new technology provides the tourism sector with opportunities for novelty, aimed at providing a platform for designing new and tangible tourism products.