Flutterwave announced as lead fintech sponsor for Africa Fintech Summit 2023
Flutterwave, Africa's leading payment service provider, has been announced as the lead fintech sponsor for the Africa Fintech Summit (AFTS) in 2023, which will be held in Washington DC on [...]
South Africa's Economy Declines Below its Pre-Pandemic Levels Amid Power Crisis
South Africa's economy declined below its pre-pandemic levels in the final quarter of 2022, primarily due to the impact of severe power shortages on economic activity. The country's gross domestic [...]South African Reserve Bank to Launch PayShap-New Payment System that Works Over WhatsApp
The South African Reserve Bank (SARB) will soon launch a new payment service called PayShap, aiming to expedite the transition towards a cashless society in the country. The Rapid Payment [...]Nigeria Extends Validity of Old Notes to 31st December
Nigeria's Supreme Court on Friday ordered the central bank to extend until Dec. 31 the use of old banknotes, whose withdrawal from circulation became an election issue after it caused [...]
IMF Approves $114.8 Million Emergency Funding to South Sudan
The International Monetary fund's (IMF) executive board has granted the government of South Sudan an emergency fund of $114.8 million to assist with the pressing balance of payments issues resulting [...]Kenya-Congo Set to Review Visa Requirements
Kenya's President William Ruto has disclosed plans for a collaborative effort with the Republic of Congo to assess the visa requirements for their respective citizens. President William Ruto stated that [...]Microsoft Plans to Expand Internet Access in Africa
Microsoft has partnered with Liquid Intelligent Technologies to expand internet access to an additional 20 million people in Africa by 2025. Through this collaboration, Microsoft's Airband Initiative, which aims to [...]Africa Fintech Summit 2023: Unlocking the Potential of Fintech in Africa with Global Collaboration
The Africa Fintech Summit (AFTS) is set to hold its 9th edition in Washington DC, USA, on April 12, 2023. The summit will bring together top regulators, policymakers, financial and [...]
Eskom, South Africa’s Power Utility Receives $13.9 Billion Debt Relief from the Government
Eskom, the South African power utility, has received a debt relief worth 254 billion rands ($13.9 billion) from the government over the next three years. However, this assistance is conditional [...]EIB and TDB team up to unlock $400m for African businesses affected by trade shocks
Investment by business across Africa most impacted by trade and supply chain challenges will be supported by a new targeted financing initiative backed by the European Investment Bank (EIB) and [...]JP Morgan opens regional office in Nairobi, Kenya
JP Morgan, the largest bank in the United States and the world's sixth-largest bank by total assets, has announced the opening of a regional office in Nairobi, Kenya. Kenya's President [...]Netflix Lowers Monthly Subscription Fees by 37% in Kenya and Sub-Saharan Africa
Netflix has reduced the cost of its monthly subscription fees by 37% in Kenya and Sub-Saharan Africa, effective February 21, 8 am. The aim is to give its customers greater [...]
