The AfricaNenda report on the State of Inclusive Instant Payment (SIIP) in Africa for the year 2023 indicates that as of June this year, Instant Payment Systems (IPSs) in Africa recorded 32 billion transactions valued at a whopping US$1.2 trillion. Deputy Chief Executive of AfricaNenda, Sabine Mensah told journalists in...
South Africa prepares to host the African Growth Opportunity Act (AGOA) forum to review critical challenges and obstacles adversely impacting on trade opportunities and economic cooperation between the United States and Africa. The United States first introduced the African Growth and Opportunity Act (AGOA) in 2000. It is the...
Along with Canada, the Bill and Melinda Gates Foundation, the United States of America (USA) and partners in Africa, the United Kingdom (UK) is helping to fund a £80million boost in Artificial Intelligence (AI) programming to combat inequality and boost prosperity in Africa. The goals of the UK Government’s AI for Development...
Amid heightened criticisms and intense debates over several significant global issues, including new financial architecture, economic diversification, growing debts and reforms, the International Monetary Fund (IMF) and the World Bank, on October 15, wrapped up their week-long annual meetings held under the theme ‘Global Action, Global Impact’ in Marrakesh,...
Africa has the potential to play a leading role in global energy demand over the next few decades, given the right policy clarity and economic stability in the region. This was the major view from Tullow at the just-ended Africa Oil Week 2023 in Cape Town, South Africa. Chief Executive...
Scheduled for 15th & 16th November in Lomé, Togo, the Africa Financial Industry Summit will unite over 1,000 global financial experts, policymakers and industry leaders. The upcoming Africa Financial Industry Summit-AFIS is scheduled for the 15th and 16th November in Lomé, Togo. As the continent faces a global credit...
In the 14th century, some Portuguese seafaring entrepreneurs had a problem. They had discovered a lucrative business, supplying skilled workers to sugar plantations in Portugal and there was a demand for these workers. The Portuguese entrepreneurs would dock their boats along the coast of West Africa, hide in the weeds...
Introduction to Correspondent Banking Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
A silent but profound form of dominance is underway, spearheaded not by nations but by tech behemoths that dominate the digital realm. It pertains to these powerful entities' control and use of data, algorithms, and digital spaces to extend their economic and political dominion. It is crucial to note that...
In an official report after their landmark meeting, President of the Chamber of Commerce and Industry of the Russian Federation, Sergey Katyrin, and the Member of the Foreign Affairs Committee of the Parliament of Ghana, Samuel Okudzeto Ablakwah, have discussed the current state and future prospects for developing bilateral...