The Egyptian Exchange (EGX) ended Monday in green, adding LE 2.17billion to market capitalization, amid Arab buying. The benchmark EGX30 rose 0.58 per cent, or 65.24 points, to end at …
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Kenya Expect to Earn $46 Million Tax From Crypto Exchanges
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency …
- Banking, Finance & InvestmentBusinessNewsSpotlightWestern Africa
Nigeria’s TradeDepot plans national retail expansion
TradeDepot, a supplier to Nigeria’s informal retail stores, plans to expand from Lagos to achieve nationwide coverage this year, co-founder Onyekachi Izukanne tells The Africa Report. The company will need …
- AfricaBanking, Finance & InvestmentBusinessSpotlight
Ghana’s Zeepay plans mobile-money expansion to South Africa, Rwanda
Ghana’s Zeepay plans to raise $10m in equity funding to support the creation of new mobile-money hubs in East and Southern Africa, Andrew Takyi-Appiah, co-founder and managing director, tells The …
- AfricaBanking, Finance & InvestmentBusinessNewsTrending TodayWestern Africa
Bitsika Africa, A Ghanaian Startup Processed $40 Million in Crypto Remittances in 2020
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the …
- Banking, Finance & InvestmentBusinessEastern AfricaNewsTrending Today
High-risk banks start paying higher premiums from July
Banks with higher risks exposures will start paying increased premiums to the Kenya Deposit Insurance Corporation (KDIC) starting July 1 following the expiry of the one-year suspension due to the …
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