South Africa’s rand was little changed on Friday, holding on to most of the gains made in the previous session after the central bank announced its biggest rise to the …
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Africa
- BusinessManufacturing & Consumer GoodsPress OfficePress ReleasesTransportation & LogisiticsWestern Africa
Innoson soon to launch tricycle production in Nigeria
The company says it has produced 100 prototypes to get feedback from users in Nigeria. Innoson Vehicle Manufacturing Comapany (IVM) says it is diversifying into the production of tricycles, in …
- Banking, Finance & InvestmentBusinessInformation & TechnologyPress ReleasesWestern Africa
MTN’s MoMo Payment Service Bank sets to begin operations in Nigeria
MoMo Payment Service Bank (PSB), the fintech subsidiary of MTN Nigeria Plc has commenced commercial operations in Nigeria. The telecom giant notified its shareholders and the investing public of the …
- AirtelBanking, Finance & InvestmentBusinessTechnologyTelecommunicationsWestern Africa
SmartCash, Airtel’s Payment Service Bank commences operations in Nigeria
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash has commenced operations in Nigeria. This was disclosed in a statement signed by the company’s secretary, Simon O’Hara …
- AfricaFinance & Services
EFG Hermes Recognized by the Financial Times and Statista as one of Africa’s Fastest Growing Companies in 2022
EFG Hermes Holding, the leading universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that it has been featured on the Financial …
- Finance & ServicesInformation & TechnologyWestern Africa
Mastercard and OPay announces strategic partnership to grow cashless ecosystem and advance digital financial inclusion for millions
Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet · OPay consumers will …
In a bid to tackle the problem of lack of telecom network services in rural areas, Loofca International Limited United Kingdom has partnered with Vanu Incorporated, United States, to deploy …
Zimbabwe’s central bank has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly and encourage remittance of export proceeds back …
Naira hit a four month low on Thursday, depreciating 0.30 per cent against the U.S. dollar at the official market. The currency which opened trading at N416.50 closed at N420.00 to …
Over the last two decades, China has established itself as Africa’s largest bilateral lender, helping bankroll key infrastructure projects on the continent but a new report by the Boston University’s …