Fintech is boosting financial inclusion across Africa, according to Ecobank ,the leading independent pan-African banking group, a pioneer in Africa’s digital transformation and the main sponsor of the 2018 Africa Tech summit taking place today.
Although over 80% of Africans have mobile phones, only around one quarter (28%) of them...
South Africa’s Reserve Bank said on Monday, the Bank of Baroda has notified the office of the registrar of banks of its intention to exit from South Africa.
“The Registrar, which is part of the South African Reserve Bank (SARB), is in discussions with the Bank of Baroda to ensure...
The Russian Federation’s diplomatic service is set mark the 16th professional ‘Diplomat’s Day’ come this Saturday February 10, 2018.
This is a day set aside by the Federation’s Foreign Ministry, to celebrate men and women who have dedicated themselves to serving their nation in various capacities to ensure better relations...
Zimbabwe is negotiating a $1.5 billion guarantee with Afreximbank to ensure foreign investors’ funds are protected, central bank Governor John Mangudya said on Wednesday.
Under new President Emmerson Mnangagwa, who rose to power following a defacto military coup that forced Robert Mugabe to resign in November, the government is trying...
MTN Nigeria is discussing its planned listing in Lagos and its business plan at a board meeting on Wednesday, a company source told Reuters.
Africa’s biggest mobile phone operator had planned to list its Nigerian unit in 2017, as part of an agreement with the Nigerian government, but it delayed...
Africa cannot depend on others to finance education on the continent when it has the wherewithal to do so, President Nana Addo Dankwa Akufo-Addo has said.
He said Africa has the resources and capacity to finance access to quality education of its citizens, and also promote the continent’s interests.
"If we...
London's benchmark share index, the FTSE 100, has fallen 1% amid signs of greater volatility on the financial markets.
The fall comes after sharp losses for US shares on Friday, when the Dow Industrials lost 2.5%.
That was the biggest one-day loss since June 2016.
On Friday the markets were spooked by...
Botswana’s economy is projected to expand at a faster pace this year compared to last year as the mining sector benefits from a recovery in the global economy, Finance Minister Kenneth Matambo said on Monday.
Presenting the 2018 budget to parliament, Matambo said GDP growth was projected at 5.3 percent...
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters last week Thursday.
Patience Oniha said the country will also try to get back into the...
Contrary to fears that immigrants steal jobs and threaten security, a report released on Wednesday said newcomers boost developing economies and could be far more of an asset than a drain.
“Most developing countries can benefit from immigrants,” said the joint report by the Organisation for Economic Cooperation and Development...