According to McKinsey research, the African fintech sector (excluding South Africa) is anticipated to grow by 10% yearly to reach $150 billion by 2025. More smartphone ownership, reduced internet costs, increased network coverage, and a young, quickly urbanizing population are all contributing to the development of fintech businesses in Africa. The COVID-19 pandemic has sped...
It may be said that Ghana is quickly rising to the top of the list of places to celebrate Christmas. The nation has developed into a hotspot throughout the years, and this was seen once more during the most recent season. Dancehall, Afro-pop, Amapiano, Reggae, R&B, and Hip-Hop music erupted from major beaches to event...
According to Ruhollah Latifi, vice president of the Iran and Africa Merchants Club, Iran shipped 2.209 million tons of non-oil goods worth $1,093,875,996 to the African nations from the start of the current Iranian calendar year (March 21, 2022) to December 31. IRIB stated that 2.29 million tons of goods worth $1.169 million were exchanged...
According to a recent survey conducted in Uganda, business performance in the country has improved. The survey, which was carried out by Stanbic Bank and developed by S&P Global, used information gathered from corporate leaders and procurement managers to assess Uganda’s economic performance. The survey was conducted over the course of a month, in this...
Nine organizations have received authorization from the Bank of Ghana to act as foreign exchange (FX) brokers. These companies are Savvy Securities, Terika Financial Services Limited, Black Star Brokerage, CSL Capital, Fenics MD, ICAP African Brokers Limited, Obsidian Acherner, Regulus, and Sarpong Capital. According to a statement provided to the Ghana News Agency in Accra...
The Buy Now, Pay Later option expands the payments area because of the ongoing change in every business. By allowing for more flexible and easy payment options for consumers, Buy Now Pay Later is revolutionizing the way consumers make purchases both online and in-store. Buy Now, Pay Later, or BNPL for short, enables customers to...
Kwame Oppong, the Bank of Ghana’s Head of Fintech and Innovation, claimed that the Central Bank has launched a regulation change to encourage innovation in the financial services sector without jeopardizing financial stability. For instance, he said that the BoG formed a Fintech Innovation Office in 2020, one of the few such organizations among central...
According to authorities, the Egyptian pound had its biggest one-day decline on Wednesday, January 4, 2023 since the cash-strapped government agreed to a $3 billion deal with the International Monetary Fund in mid-December. Approximately three weeks after Egypt and the IMF formally ratified the support package in exchange for a number of economic reforms carried...
Africa has a very diverse set of gambling regulations. Some nations have laws that are so strong that they outrightly prohibit gaming. Others, like Tanzania, take a more regulated approach. Unreliable foreign-owned online casinos will target potential players regardless of where you live and the applicable gambling laws. These unlicensed operators use a multitude of...
The 12th edition of the UN’s assessment of the possibilities for digital governance in its 193 member nations, the E-government Survey 2022, was recently published. The Telecommunications Infrastructure Index, the Human Capital Index, and the Online Service Index are the three normalized indices that make up the E-Government Development Index (EGDI), a composite index used...
