Tawanda Karombo

Cash still king in Zimbabwe despite mobile money inroads

Despite increasing usage and uptake of mobile money and bank accounts in Zimbabwe, cash is still the most used medium of exchange.
Tawanda Karombo

The rise of super apps and hybrid banking in Africa

Service providers like Nedbank are customising offerings as consumers emerge from COVID-19 with a preference for a hybrid approach to financial services.

Resilient Africa must leverage informal sector, demographics to attract start-up investment

Venture capitalists remain interested in the continent, despite challenges, but the onus is on Africa to do all it can to sustain investment.
16 Nov

Stakeholders unite on service to boost Ethiopia’s e-payments ecosystem

Oromia Bank, EthSwitch and Mastercard have partnered to encourage user adoption and growth.

Twitter closes Africa office after Ghanaian lay-offs

Employees have described the offer of three months’ severance as “insulting”.

Zimbabwe launches first satellite

ZimSat-1 took off this week, deployed from Virginia, US.
Oct 26, 2022

Nigeria’s Central Bank targets high-volume markets to prop up eNaira

CBN is offering a 5% discount to motorised rickshaw drivers and passengers.
Oct 12, 2022

Funding for African tech start-ups drops 54% in Q3

Funding in the comparable quarter in 2021 amounted to US$1.2-billion, according to data from CB Insights.
Oct 7, 2022

EcoCash takes strain as struggling economy impacts growth

Econet Wireless spin-off experiences a drop in registered users, but increases volume of remittances processed on the platform.
Oct 6, 2022

Africa’s mobile money agents forced to scout for fresh revenue streams

Rapid growth of digital payments market has impacted on cash-in cash-out transaction volumes, according to Mondato research.
Sep 19, 2022

Kenya tightens grip on digital credit industry

Central Bank of Kenya (CBK) looks to crack down on high interest rates, abuse of personal private information and unethical debt collection services.