Ethopia
Ethiopia: Safaricom Ethiopia to Go Operational in 2022
Safaricom Ethiopia PLC will start operating in 2022 as per the business license agreement, said Ministry of Finance. Discussing the progress and the ...
Innovation
Tanzania: Tigo Pesa partners BoA to Launch ‘Kibubu’
TIGO Pesa and the Bank of Africa (BoA) have launched a mobile money savings product dubbed as Tigo Pesa ‘Kibubu’ that enables their ...
Ethopia
Ethiopia: NBE Sets 10 Percent Minima for Banks’ Reserve
National Bank of Ethiopia (NBE) has announced that it has decided new minimum reserve amount for banks to be 10 per cent from ...
Regulatory
Zimbabwe: CBZ Bank Introduces Payday Loans
CBZ Bank has introduced an instant loan facility called Payday loan. The facility is open to CBZ clients and is disbursed within 24 ...
Intelligence
Kenya: Banking Sector Accounts for 27% of Corporate Taxes
The banking sector contributed 27 percent of all corporate taxes paid in Kenya in 2019 and 2020, a survey by Pricewaterhouse Coopers (PwC) ...
Kenya
Kenya insurtech startup MotiSure launches API platform
MotiSure a Kenya insurtech has launched an API-powered platform that provides personal accident cover for both riders and commuters by embedding insurance in their ...
Innovation
SA: Vodacom rolls out 5G network in ‘Free State’ province
Vodacom Central Region has switched on 5G mobile network in Mangaung Municipal District, in the Free State province of South Africa. The telecom ...
Nigeria
Nigeria: Agtech spice export company Agricorp International raises $17.5M
Nigeria’s Agricorp International a company that produces, processes, and exports spices has raised $17.5 million in Serie A funding to increase its processing capacity to ...
Africa
African energy startups to benefit from SIMA’s $68,000,000 Energy Access Relief Fund
With a focus on ensuring adequate decentralisation of clean energy globally, Social Investment Managers and Advisors’ (SIMA) has made its $68,000,000 Energy Access ...
Innovation
Nigeria: SEC creates Fintech division to understudy cryptocurrency investments
The Securities and Exchange Commission (SEC) said that it has set up a Fintech division to study cryptocurrency investments and products in order ...