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MTN to Disconnect Globacom Customers over 15 Years of Interconnect Debt in Nigeria
The NCC in a notice on Monday, said it has now approved partial disconnection of Globacom from MTN Nigeria Communications Plc due to non-settlement of interconnect charges.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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AbbeyCross Raises $6.5 Million for Emerging Markets FX Platform
The firm says it can help clients reduce costs and delays, enhance transparency, and provide fair prices to their clients for emerging market payments.
- Categories
- Finance, Technology
- Region
- Global
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How Companies in Africa Are Transforming Cost Centers into Cash
In his first public announcement since becoming CEO in 2021, Intel’s chief executive Pat Gelsinger announced a strategy shift.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Flutterwave Cleared as Kenyan Court Okays Agency’s Request to Withdraw Second Case
The case withdrawal brings relief to Flutterwave as it hopes to acquire a payments service provider and remittances license from the Central Bank of Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenyan Businesses Are Dropping the World’s Favorite Mobile Money Service
The shift by businesses away from M-Pesa payments is a remarkable turn in a country known for pioneering mobile money, and where the service is ubiquitous.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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A $200 Billion Opportunity: What Payment Data Shows About the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and according to Agosta Liko at Pesapal, businesses, financial institutions and governments could add US $200 billion to the continent’s GDP in the next six years by supporting that growth. He shares payment data that highlights how, and where, digital transactions are happening in Africa — both online and in person — and explores what that means for the digital economy’s growth prospects in the region.
- Categories
- Finance, Technology
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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications