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Global Fintech Platform Collaborates with Visa to Facilitate Real-Time Cross-Border Payments
Afriex, a global fintech platform, announced a collaboration with Visa to enable real-time delivery of funds directly to eligible Visa endpoints, connecting to billions of accounts. By integrating Visa Direct through Afriex’s financial institution partner, Afriex is making it faster and…
Safaricom Ethiopia Formalizes its Investment From the World Bank Group
Ethiopia| Safaricom Ethiopia is set to receive funds from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group, following the closure of the transaction during a funding ceremony held at the telco’s…
The African Internet Connectivity Journey is on its Path to Global Economic Success
Africans are getting ready to take over the world. This may not be a sentiment the developed world tends to agree with, but it is time to acknowledge the facts. Around 17% of the world’s population resides in Africa and…
ByZintle
Zimbabwe to Load Shed 12 Hours a Day Amid Severe Power Shortage
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has said on Sunday that it has begun rolling out daily 12-hour power cuts due to limited generation at its thermal plant and further constraints placed on the Southern African country’s grid…
Ethiopia’s telecom privatisation leads new wave of deals for 2019
Last week, during a press briefing, Ethiopia’s state-owned telecommunications company announced it will be the first of four companies to be privatised. Telecom, media and tech investment and consolidation activity in Africa is predicted to reach a record high for…
WATCH: Rwanda strengthens ties with fellow African countries
According to Rwandan President, Paul Kagame, there are chances the continent will increasingly become globally relevant and produce better outcomes, now that Africa is focusing on cooperation and integration. Kagame was speaking in Davos, Switzerland at the World Economic Forum…
MoneyGram launches money transfer service to mobile wallets in Ghana
MoneyGram and Zeepay, a mobile financial services company, announced a new partnership that enables customers around the world to send money directly to more than 11 million mobile wallets in Ghana. With this new service, MoneyGram becomes the only leading…
Uganda becomes the first African country to de-risk small and medium scale renewables
Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency , a Pan-African and multilateral guarantor and KfW with funding from German Ministry of…
Top 10 fastest growing economies in Africa 2018
Africa’s economy is projected to continue to rise to 3.2 percent in 2018 and to a further 3.5 in 2019, this is according to the latest World Bank report released early 2018. According to the report, non-resource intensive countries are…
20 African startups selected for XL Africa
On Monday 6 November 2017 the World Bank Group’s infoDev program announced 20 of the most promising African digital start-ups which will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April. The…
Kenyan Government hails Huduma Card
The Kenyan Government has given a vote of confidence in the implementation of the Huduma Card in the country, and its role in driving financial inclusion. The announcement was highlighted during the 2017 World Economic Forum (WEF) on Africa, and is…
Mobile technology can set the world ablaze with innovation and opportunities
The World Bank’s Global Findex financial inclusion study shows that 12% of adults in sub-Saharan Africa have mobile money accounts – compared to just 2% worldwide – and of these 64 million adults, 45% of them have only a mobile…
Investment in Africa has never been higher
Investment in Africa has never been higher. According to the World Bank, Foreign Direct Investment (FDI) in the region hit a record $60 billion by the middle of this year. And yet, many multinational companies looking to expand across the…
Social media is transforming money transfers to Africa
A new World Bank Development Research Group Report released in August, sponsored by the Bill & Melinda Gates Foundation, shows that digital payments and remittances are playing a key role in increasing financial inclusion throughout the developing world and in…
Zambia, IBM work to provide access to life saving drugs
IBM today announced a collaboration with the Zambian Ministry of Health to provide citizens with improved access to 200 lifesaving drugs. Supported by the World Bank, the Department for International Development, UNICEF and London Business School, Zambia’s Medical Stores Limited…
Arm yourselves with the right tech skills for 2014
If global forecasts such as Computerworld’s annual Forecast Survey 2014 prove accurate, decision makers across Africa’s ICT sector will have little time to waste in recruiting the very best and most sought-after technical skill sets available. The outcomes of this…
