Africa's largest bank partners with fintech company to offer financial services to SMEs
Standard Bank, the largest bank in Africa by assets, has invested $4 (KSh412) million in the fintech firm Nomanini, in a partnership that seeks to help informal traders in African [...]
Tanzania’s Central Bank warns banks against data non-compliance.
The Central Bank of Tanzania has sounded a warning against banks and financial institutions that lack a primary data center in Tanzania. The Bank now requires financial institutions in the [...]Uganda Revives its National Carrier after 18 years
Revived Uganda Airlines is set to reenter the East African skyline this week after nearly 18 years out of the skies. The airline plans to four initial destinations Nairobi, Dar-es-Salaam, [...]
Lessons from the JSE: AltX, an alternative exchange for medium-sized companies
AltX is an alternative segment at the Johannesburg Stock Exchange for small and medium-sized businesses to catalyze their growth. This public exchange gives companies an option to list on the [...]Naspers gets investors approval to sell its stake in Tencent
Africa's most valuable company, Naspers Ltd, secured enough votes from its shareholders to proceed with listing Prosus NV in the Dutch Stock market on September 11. On Friday, the company [...]Google launches policy to regulate personal loan apps
Google might be on the verge to protect customers from predatory lending, thanks to its latest policies for mobile loan applications. The new developer policy aims to limit developers from [...]Air Tanzania plane impounded in South Africa
An Air Tanzania plane that was due to fly from the OR Tambo International Airport on Friday was impounded by South African authorities. This followed a court order issued by [...]Egyptian stocks expected to soar even higher amid interest rate cuts
The world anticipates stocks on the Egyptian Stock Exchange (EGX) to rise further as the country cuts its interest rates. The country's Monetary Policy Committee reduced Egypt's benchmark deposit rate [...]GT Bank eyeing expansion in East Africa.
Guaranty Trust Bank is considering expanding outside Nigeria into East Africa. The bank, which already has units in Kenya, Uganda, Rwanda, and Tanzania is considering to further its reach in [...]Jumia fires part of its sales staff due to fraud, Q2 Loss Up 60% to Ksh 7.6 Bn
Jumia fired some of its employees in Nigeria and suspended a number with regards to improper sales practices. Jumia Technologies AG says it identified dubious transactions that accounted for approximately [...]Access to electricity in Africa rises to 52% of the population
African Development Bank (ADB) Annual Development Effectiveness Review 2019 shows that the share of the population with access to electricity in Africa increased – from 42% in 2015 to 52% [...]Sub-Saharan Telcos need to restrategize or fall out.
The Telecommunication in Sub-Saharan Africa is on the verge of maturity. A majority of the population already have access to a SIM card if not two. Evolving customer preferences will [...]
