Opportunities abound for Africa to engage in and benefit from e-commerce and the digital economy as the African Continental Free Trade Agreement comes into force.
Egyptian e-health startup Vezeeta has raised $1 million in additional funding from IFC to add to the $12 million in Series C financing it raised earlier this year to continue its international expansion.
Although e-commerce is snowballing in Africa, with more than 21 million Africans shop online, countries are at very different stages of development.
Mastercard and DPO Group have partnered to enable more than 40,000 African merchants to accept Mastercard payment.
Addis International Bank, WorldRemit target 2 million Ethiopians in diaspora with money transfer service
Global digital money transfer service WorldRemit has joined forces with Addis International Bank for digital money transfers.
Pay-as-you-go solar pioneer Azuri and consumer goods company Unilever have launched an e-voucher system designed to help off-grid rural consumers in Kenya access consumer goods and services via pay-as-you-go solar.
Pan-African payments company Cellulant has announced plans to build an application programming interface (API) for Africa’s payments companies to solve Africa’s payment problems.
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.
After making good progress on financial inclusion, Senegal has turned its attention to digitizing payments in order to speed up its growth and inclusive development.
Blockchain technology is a disruptive innovation that is gradually gaining traction in Africa.
NGExchanger, a Bitcoin Exchanger in Nigeria, is posed to change the face of Crypotcurrency and Bitcoin e-currency exchange in Nigeria.
Majid Al Futtaim, the exclusive franchisee operator of Carrefour in 15 countries across the Middle East, Africa and Asia, has partnered with Jumia to provide a secure and convenient way for Carrefour customers to shop for groceries and household goods online starting end of December.
In a further move to cement its position as an integrated financial services organisation offering exceptional value, Standard Bank is entering the airtime and data market.
[Kenya] Cellulant patners with Facebook to launch Augmented Reality (AR) powered try-on experiences on Messenger
Pan-African Payments company, Cellulant, has built Africa’s first Augmented Reality (AR) powered try-on experiences in Facebook Messenger.
NASCU and Mastercard today announced a landmark agreement to drive financial inclusion by extending formal financial products and services to undeserved members of cooperatives.
Sureswipe has acquired a 50.1% majority stake in the Point of Sale software company Humble Till, a move which will enhance Sureswipe’s offering to small and medium-sized businesses using card payment solutions in-store.
Moroccans can now use their mobile phones to send or receive money and pay for services.
Black Friday alert: Popular online fashion shops among top targets for data stealing malware in 2018
As the big annual holiday shopping season gets underway, new Kaspersky Lab research shows that banking Trojans are actively targeting online users of popular consumer brands, stealing credentials and other information through these sites.
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
Statistics released by the Nigeria Interbank settlement System showed that despite the concerns over slow growth of the electronic payment system, mobile money is gaining traction in Nigeria.
Spanish fashion retailer Zara has launched online sales through a dedicated worldwide online platform bringing its fashions to customers in 106 new markets.
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an electronic world trade platform hub in Rwanda.
MTN Group has announced its Sudan operation as the winner of this year’s 21 Days of Y’ello Care employee volunteerism programme. The programme, which ran for 21 days in June, saw over 9000 employees across the company’s footprint dedicating their time and efforts to uplifting local communities.
Amazon Web Services (AWS), an Amazon.com company, has announced that it will open an infrastructure region in South Africa in the first half of 2020.
Cybercrime has become one of the biggest threat to most organisations and businesses in Africa. The threat has continued to accelerate especially due to the power of digital technology and cybercriminals becoming more sophisticated.
Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard's support for the country's drive to create a new wave of digital payments and inclusive growth.
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.
Jumia plans to grow its vendor base from the current 10,000 to 15,000 by 2019. The e-commerce leader made this announcement during Jumia Black Friday launch event held at Movenpick Hotel in Westlands, Nairobi.
E-commerce platform Mall for Africa has announced that it will add cars from the United States to its list of items for sale.
Since the launch of the first mobile money service in Senegal in 2010, the market for digital financial services (DFS) there has boomed.
The GloCash payment app, which is designed to make it much easier for Africans to send and receive cash, is now on BETA and available for limited download to Android devices.
Kenya’s postal service provider the Kenya Postal Corporation of Kenya is eyeing a deal with American e-commerce company Amazon that will see it become their official logistics in the country.
Burkina Faso, Senegal and Togo need far-reaching reforms of their infrastructure and legal systems to benefit from e-commerce, new studies of the West African countries by UNCTAD have revealed.
Provider of secure payment technology Net 1 UEPS Technologies, Inc. has entered into a strategic relationship with Zapper, South African QR payments technology company with more than a million customers.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
South Africans can now buy prepaid utility services or pay their accounts from approximately 600 bill issuers with the new EasyPay Mobile app using Masterpass, the global digital payment service from Mastercard.
Jumia has partnered with Amadeus, a leading travel technology company to launch the first flight marketplace in Africa.
Moneytrans and Remitly, the largest independent digital remittance company in North America, have entered into a global co-operation agreement.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
Naspers’ Classifieds business, OLX Group, has announced an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars.
MallforAfrica (MFA), Africa's largest e-commerce platform, has announced its customers will now be able to purchase products from the most sought-after Chinese brands.
Naspers has announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders.
International digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.
Ethiopian Airlines has partnered with CellPoint Mobile to accept payments via Alipay – China's leading alternative payment method (APM), in the mobile app of Ethiopian Airlines.
Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank.
Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs.
Hashmart Kenya, which specializes in electronics says it is positioning itself to give established players in e-commerce segment a run for their money.
Comsol Networks, a leading provider of enterprise-grade wireless infrastructure, and Samsung South Africa have lit up Vilakazi Street in Soweto with a live 5G pilot network.
Rwanda Based women health and personal care e-commerce and mobile platform Kasha, has launched its operations in Kenya.
International money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent.
The potent forces of globalization and migration make the global economy a formidable entity. Migration is integral as it helps boost the economy of the host country while simultaneously bolstering the economy of the origin country through remittances.
EcoCash and Mastercard have announced the launch of EcoCash Scan & Pay, a simple, secure and instant mobile payments solution for consumers and merchants.
From April to June, a total of 20.7 million transactions were carried out in the country through the mobile payment platforms.
European digital money transfer Azimo has announced a partnership with African payments firm Interswitch Group.
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding.
Online food delivering company Jumia Food has announced the launch of online pre-payments for its customers in Kenya and Uganda.
In a bid to identify tax evaders, the South African Revenue Service (SARS) is actively working towards identifying and tracking various transactions carried out by cryptocurrency traders.
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
Samsung Electronics Co., Ltd. has announced that its mobile payment service, Samsung Pay, has launched in South Africa.
Mastercard is working with participating banks in South Africa to enable Mastercard cardholders to make quick, secure and convenient in-store payments from their mobile devices using Samsung Pay.
In its quest to train the next generation of global entrepreneurs Alibaba Business School has unveiled a program tailored to educators in Rwanda.
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.
According to Google Trends last year, South Africa registered the largest ‘Black Friday’ search interest of any country, even ahead of the US where the retail mega-event was conceived.
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth.
South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones.
This has been perhaps one of the busiest weeks for African startups seeking funding to improve the operations or products.
Bolloré Transport & Logistics has signed an agreement with Jumia, a company specialising in e-commerce, and the Cameroon Customs to facilitate e-commerce in Cameroon and contribute to its development.
Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory.
International organisations have shown an increased interest in the Nigerian economy since the stablization of the dollar and the exit from the recent crisis that befell the country.
Wirecard, the global innovation company in digital financial technology has launched secureEFT in South Africa.
Enabling higher levels of financial inclusion across Africa means banks and payments companies must drive solutions allowing small and informal merchants to accept digital payments at lower cost.
The Kenya Pipeline Company (KPC) has completed the migration of its manual procurement to the new Supplier Relationship Management (SRM) platform.
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time.
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Uganda operations as “Unimoni”.
Close to $100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector.
Diamond Trust Bank Uganda (DTB) has announced that it will be offering Mastercard’s premium card payment solutions in the country, which includes the Mastercard Gold Debit Card and Platinum Credit Card.
Pan-Africa’s pioneer Business to Business (B2B) e-commerce platform for made in Africa products, AFRIMART, has officially been launched.
DHL, the world’s leading international express services provider, today announced its partnership with e-commerce giant, MallforAfrica’s new platform, Marketplace Africa, to help online retailers bring African-made products to the US and global market.
WatchBox, the global ecommerce platform for the buying, selling, and trading of pre-owned luxury timepieces has announced its expansion into South Africa through a strategic partnership with Topwatch.
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a partnership to strengthen the remittances ecosystem in CEMAC region.
walletdoc, a South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements.
Western Union, a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast.
The Mint Corporation’s subsidiary, Mint Gateway for Electronic Payment Services LLC, has entered into a payment processing services agreement for the processing of Mastercard branded payroll cards in an African based payroll card program.
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy.
RS Components has launched the Africa e commerce site to meet the requirements of a growing continent with demand from various industries.
The African Trade Policy Centre (ATPC) has launched its knowledge platform coming after the historic signing of the African Continental Free Trade Agreement (AfCFTA).
Union Bank announces its attainment of the Payment Card Industry Data Security Standard version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
Mastercard has announced that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya
Businesses in Cameroon are poised to take advantage of new proposals to boost their digital economy.
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (FirstBank) for instant money transfers to First Bank accounts in Nigeria.
Mastercard has announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years.
MTN announces the signature of a Memorandum of Understanding with the Ministry of Secondary Education for the use of its Mobile Money solution for the payment of school fees and related charges in Cameroonian secondary schools.
OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross- border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa.
Mastercard and Tigo have announced that Tanzanian’s can now use their Tigo Pesa app to make quick, easy and secure payments with Masterpass QR.
Technology is becoming increasingly safe, online shopping is not a rarity anymore, even here in Namibia.
Ecobank has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea.
The latest report Africa B2C E-Commerce Market 2018, cites sources indicating that online retail sales in the continent are prepared for rapid expansion in the next five years.
[South Africa] DSV ByBox relaunches as DSV Locker to sate growing demand for digitally supported parcel services
The growth of e-commerce has fueled an increased demand for easy and safe parcel delivery in South Africa.
Mastercard, IFC partnership reaches 7.2 million new digital financial service users in Sub Saharan Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation have released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.