By Harry Scherzer Today, we live in a world of instant gratification. Everything, from entertainment to shopping, is available on-demand and nearly instantaneously. International money transfers are, however, one exception. Despite massive technological advances in [c]
Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda. The Kshs 15 billion deal, which is upscalable to Kshs 20 billion by accordion, [c]
Craft Silicon, a technology solutions provider, has announced the launch of Spotit, its GNPL (Get Now Pay Later) product in Kenya. Spotit is a revolutionary technology solution that aims to empower eligible bank customers with [c]
As payment fraud remains an area of concern for South African businesses, there is debate about what more can be done to tackle the problem and whose responsibility it is. There are layers of complexity [c]
The Central Bank of Kenya (CBK) has released the results of the inaugural Diaspora Remittances Survey. The Survey was conducted from March to May 2021, and aimed at collecting valuable information on remittance inflows to [c]
There are few people who are ready to make major purchases with their own assets alone. That is perfectly normal since that is what loans are for, aren’t they? However, what if you have tried [c]
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions. The commitment is made considering the current operating environment, which has been exacerbated by the [c]
IBM has announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial [c]
Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. [c]
Visa showcased key innovation capabilities that will accelerate financial inclusion in sub-Saharan Africa. Hosting industry stakeholders at an event focused on innovation, the company highlighted co-creation as an essential component in developing market-ready payment solutions [c]
Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices, Mastercard has released its Mastercard Carbon Calculator for the Middle East & Africa. Developed in [c]
The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Kshs 100 effected through bank specific (in-house) mobile money wallets that are closely linked to the Savings and Credit Societies [c]
By Oluwasanmi Akinmusire Informal employment represents 80-90% of the total workforce in most African countries, forming the bulk of the workforce. Gig workers are a growing segment of the informal economy, driven by an increase [c]
Incentro Africa, an IT service provider delivering custom build software solutions for the European and African market, is leveraging its novel cloud solutions to enhance the capacity and efficiency of businesses. This, as it migrates [c]
Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left [c]
Mobile money subscribers will from January 1, 2021 be charged for transfers above Kshs 100 after the emergency measures introduced by the Central Bank of Kenya (CBK) to facilitate increased use of mobile money transactions [c]
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