Africa

Businesses and households in South Africa held on to more cash in the third quarter, when power outages reached an all-time high. Gross savings by corporates climbed to 15.9% of …

UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth …

Customers have commended Polaris Bank for emerging as the ‘MSME Bank of the Year 2022’ in BusinessDay’s Banks and Other Financial Institutions (BAFI) Awards. The award is coming on the …

Chipper Cash, a cross-border payments app used by over five million people throughout Africa and its diaspora has received authorization from the Bank of Ghana (BoG) to provide remittance services …

After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million …

Pan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal. This acquisition will allow Chipper Cash, which …

Chipper Cash, an African cross-border payments company startup valued at slightly over $2 billion, has reportedly laid off many employees. This comes about one year after the company announced that …

Kenya’s largest telecoms operator Safaricom launched its 5G high-speed internet service on Thursday, becoming the first firm to deploy the technology commercially in East Africa. The company, whose internet provision …

Safaricom has cut rates for its monthly packages of bundled minutes, mobile data and SMS by nearly five per cent as the telco seeks to deepen dominance amid stiff competition …

Safaricom has crossed the one million mark in subscriber numbers in Ethiopia just a month after the launch of operations in the populous nation indicating the telco’s warm reception. The …