Norton Rose tells insurers to tread carefully in Africa

[Phakamisa Ndzamela] Global legal practice Norton Rose has advised South African insurers expanding into other African countries to look beyond the sector-specific regulatory requirements in the jurisdictions they are entering as failure to do so could undermine their investments. 20 Mar 2013 09:25

Mobile cash services bank on growth

[Thabiso Mochiko] The growth of mobile money will continue at a rapid rate this year‚ global mobile industry body GSMA said in a recently released report entitled The Economy of Mobile 2013. 20 Mar 2013 07:09

Mobile money could encourage savings

[Helmo Preuss] Research in northern Ghana funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication) showed that mobile money can help foster a savings culture and address financial exclusion. 27 Feb 2013 07:33

SA mining companies forced to fund indigenisation

[Tawanda Karombo] HARARE, ZIMBABWE: Zimbabwe has ratcheted up the pressure on SA platinum mining companies to finance empowerment proposals as the government is too cash-strapped to provide funding for this. The mines have insisted that the new shareholders be forced to abide by their obligations to fund operations where necessary. 19 Dec 2012 09:43

Fundamo reports mobile financial services growth

Fundamo, a Visa Inc. company and a global specialist mobile financial service provider, have reported accelerated growth of mobile financial services in Africa. In 2012, Fundamo has launched three new services - FirstMonie with First Bank Nigeria and Celpay with Celpay International in Uganda and Zimbabwe. 13 Nov 2012 10:50

IMF relaxes Zimbabwe restrictions

WASHINGTON - The International Monetary Fund relaxed its restrictions on providing consulting support to Zimbabwe as the country moved toward constitutional reforms and showed improvement in economic policy co-operation with it. 7 Nov 2012 10:13