Western Union and Airtel Money collaborate to facilitate cross-border money transfers
Tanzania and the Canadian mining giant Barrick Gold Corp on Friday signed an agreement to kick-start their new joint venture company to oversee Barricks future gold mining operation…...
Read More Safaricom partners with global money transfer firm Ria
Safaricom M-Pesa customers will now receive money from over 20-countries across the world following the signing of a partnership with Euronet Worldwide subsidiary Ria Money Transfe…...
Read More Ethiopia to Keep Control of Its Banks as Other Sectors Open Up
By Samuel GebreEthiopia is shaking up its economy by opening many industries to foreign investors. Just don’t expect the government to loosen its grip on banks yet.“Banking, insur…...
Read More World Bank projects modest 6pc growth for Kenyan economy
Kenya’s growth is projected to accelerate slightly in 2020, according to World Bank Group’s economists, partly supported by increased credit flow to businesses amid more favourabl…...
Read More Make safety a priority for digital banking - Exim Bank chief
The drive to strengthen protection of customers’ funds has been a rallying call from the Bank of Uganda Governor who wants commercial banks step up safeguards.The banking industry …...
Read More Kenya leads in mobile money transactions in Sub-Saharan Africa
The World Bank has ranked Kenya as a country with the highest user of Mobile Money Transactions in Sub-Saharan Africa.The international lender said Kenya emerged top with a 68% scor…...
Read More Ghana joins push for West African currency
By Oluwatosin AdeshokanPosted on Friday, 3 January 2020 08:48Ghanas President Nana Akufo-Addo addresses participants of the "G20 Investment Summit in Berlin November 19, 2019. …...
Read More Tanzania: African Development Bank’s $55mln facility to jumpstart private sector growth
23-Dec-2019 -- The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private s…...
Read More End of an era: West African states to halt use of CFA Franc
West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common curren…...
Read More Digital currency use surges in Africa as providers push for laws to protect clients
When a fourth-year student at Uganda’s Makerere University committed suicide last month after losing Sh500,000 from his digital wallet in what police confirmed to be a cryptocurren…...
Read More