Visa and Vivo Energy partner to enhance digital payments

Visa and Vivo Energy have announced a pan-African agreement to provide digital payment services to consumers across 15 African countries, where both companies operate...

28 Nov 2018

Mobile money transfers have taken off in Somalia. But there are risks

A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa...

By Victor Odundo Owuor 15 Oct 2018

Demand for affordable, cross-border payments drives innovation in Africa

The future of payments ecosystems is taking shape in Africa as the continent paves the way for innovation that brings together retail, banking, financial services and mobile technology...

3 Sep 2018

Absa embraces Africa with new brand

Reclaiming its African roots, the Absa Group, formerly Barclays Africa, has started trading on the Johannesburg Stock Exchange with a new share code (ABG) and a new corporate identity...

11 Jul 2018

African entrepreneurs join Alibaba's eFounders Fellowship in China

Twenty-nine (29) African entrepreneurs have completed the two-week eFounders Fellowship programme in China, an initiative run by Alibaba and the United Nations Conference on Trade and Development...

By Gabriella Mulligan 6 Jul 2018

Visa partners Ivorian government to bring e-payment solutions

The Ivorian government has signed MOU with Visa with an aim to digitise government services and ensure financial services are accessible to more Ivorians...

5 Jul 2018

Global digital commerce spend forecast to reach $14.7tn by 2022

Global consumer spend on digital commerce will reach $14.7tn by 2022, up by 60% on last year's figure of $9.2tn. It's expected to approach $15tn annually...

6 Jun 2018

Kenyan startup Tanda launches inventory-management solution

Kenyan startup Tanda, which makes it easier to run a shop by allowing shop owners to order and manage their inventory, has formally launched after a four-month pilot...

By Tom Jackson 6 Jun 2018

Moroccan e-commerce platform Hmizate expands into fintech

Moroccan company Hmizate, which since 2011 has provided an e-commerce platform offering users access to goods, food, travel services and deals, has expanded into fintech with the launch of HmizatePay...

By Tom Jackson 16 May 2018

Africa's new free trade area - streamlining trade and infrastructure development

Increasing intra-African trade is essential for the growth and development of the continent and so the recent signing of the African Continental Free Trade Area (AfCFTA), set to be the first continent-wide African trade agreement, is good news...

By Kieran Whyte and Jen Stolp 8 May 2018

Kenya's Twiga Foods partners IBM for blockchain-based microfinancing

Kenyan agri-tech startup Twiga Foods has partnered IBM Research to extend access to microloans to 220 food stall retailers across Kenya using a blockchain-based financing system...

By Tom Jackson 19 Apr 2018

Mastercard to use Messenger to help SMEs leverage digital payments in Africa, Asia

Mastercard will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments...

1 Mar 2018

Less than 30% of Africa's e-commerce startups profitable

Less than 30% of African e-commerce startups are profitable, as ventures tackle issues such as lack of funding, shortage of trust and logistical difficulties...

By Gabriella Mulligan 8 Dec 2017

RMB Ventures, Investec Asset Management acquire stakes in Botswana-based retailer

Kamoso, a Botswana-based retailer and consumer goods company, was acquired by a consortium that includes Investec Asset Management Private Equity, RMB Ventures...

24 Oct 2017

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