08/15/2023
Absa CIB joins Contour trade finance network
Many of Africa’s trade transactions are manual and paper-based, which slows down trade growth and creates another layer of complexity and costs.
FinTech
08/15/2023
Mastercard buys minority stake in MTN fintech business
The deal follows an earlier $100 million investment by Mastercard two years ago in MTN's chief rival Airtel Africa.
08/15/2023
Unique mobile uptake rises to 64 percent
The Communications Authority of Kenya (CA) counts multiple SIM cards in a process that saw it place the country’s mobile uptake at 130.5 percent in the quarter ended March 2023.
08/14/2023
Nigerian Exchange preps dollar settlement platform for fintechs
NGX is addressing this by securing approval from the Securities and Exchange Commission in the US to launch a technology board for fintechs and tech companies to raise capital.
08/14/2023
FirstBank Launches Automated Self-Service Branch In UI
First Bank of Nigeria Limited has launched its second fully automated branch
08/14/2023
Standard Bank eyes crypto in South Africa
Standard Bank, Africa’s largest lender by assets, will instead monitor the evolution of digital currencies while being mindful of the risks.
08/10/2023
Zain Group reports net profit of 14% for Q2 2023
The mobile voice and data services operator reported that it served 52.7 million customers at the end of the period across seven countries
08/10/2023
Robust growth in the value of e-payment transaction
Cumulatively, the total value of transactions processed through the NIP platform increased by 45% to NGN123.9trn in Q1 ‘23. .
08/08/2023
Digital payment fraud on the rise in South Africa, warns Ombudsman for Banking Services
The South African Ombudsman for Banking Services says digital payment fraud is on the rise in SA.
08/07/2023
Banking scam — international crime syndicate targets South Africans using smartphones
The banking ombud, Reana Steyn, has sounded an alert after her office recently received about 124 near-field communication (NFC) fraud-related complaints.
08/04/2023
Nigeria’s biggest companies post losses worth $385mln as naira weakens
Apart from weakening the naira, the government has also ended a fuel subsidy that cost $10bln last year
08/03/2023
How can Africa guard against cybercrime?
With increasing digitalisation and use of online and mobile transactions, cybercriminals are having a field day. What is the scale of the problem and how can global law enforcement head off the criminals?
08/03/2023
Businesses should take steps to protect customer data or risk costly lawsuits
Last month, a well-known Kenyan business was allegedly hacked and customer details such as credit card data were published.
08/02/2023
Firms woo middle class with mobile money hire purchase
BNPL is a type of short-term financing where consumers can pay for items over time after an up-front payment.
07/31/2023
Insurance Operators Takes to Technology for Seamless Operations, Access to Customers
The insurers have also launched a website where all operators and agents are expected to upload the details of their motor insurance policy issued for record keeping and authentication.
07/31/2023
African Development Bank Partners with Cabo Verde to Boost Climate-Resilient Technology Park
The project is collaborating with international universities and corporations to provide soft skills training to 300 African youth over the next three years
07/28/2023
Hackers shake Kenya’s digital financial system
But it is the hacking of e-Citizen — a government e-services portal — that has shocked the national intelligence and financial systems on the risk of a shutdown of public services days after the government shifted to the platform.
07/27/2023
The pivotal role of digital credit in Kenya’s economy
Small and Medium-sized Enterprises (SMEs) are the backbone of Kenya's economy, driving employment and economic diversification.
07/26/2023
iKhokha and Mastercard partner to drive contactless payments in South Africa
While businesses have embraced digital payments, many still operate on a cash basis as card machine rentals or upfront investments prevent them from going digital.
07/24/2023
Kenya's Safaricom, TerraPay extend mobile money reach to Bangladesh, Pakistan
More than 32 million Safaricom subscribers will be able to transact with the Asian countries