Uganda leverages US$200m fund to boost digital acceleration
Funds will contribute to the objectives of the Digital Uganda Vision and Digital Transformation Programme under the National Development Plan III.Michael Malakata
US Dollar mobile wallets key to Ethiopia’s mobile money future
Mobile receipts of remittances are gaining traction as markets continue to be impacted digitally by COVID-19, say experts.
Research shows Sub-Saharan Africa most expensive for remittances
World Bank and KNOMAD release report reflecting drop in remittance rate in 2020, but expectation of growth in 2021.
Surge in remittances as Africa’s battle with COVID-19 continues
There are now more digital channels offering remittance delivery straight into bank and mobile wallet accounts.
World Bank to invest US$200m in Ethiopia’s telecommunications
Financial institution calls for government to open industry up to competition.
Ethio Telecom launches TeleBirr mobile money service
Telco makes move to consolidate market dominance ahead of entry of new operators.
IFC subscribes to 16% of Liquid Telecom’s US$620m bond issue
Company is facing risks linked to regional uncertainty, but is on course for steady revenue performance says ratings agency Fitch.
World Bank vows to ‘keep the remittance lifeline flowing’
Organisation warns of a decline in remittances to Sub-Saharan Africa due to COVID-19.
Africa's internet economy to contribute US$180bn by 2025
Research identifies internet connectivity and Africa’s growing start-up ecosystem as key drivers.
Facebook creates multimillion-rand grant for SA small business
The social media giant says the grant will assist local companies with cashflow in an effort to stimulate the COVID-hit economy.
Zambia records 126% growth of mobile money payments
Central Bank governor outlines situation at launch of the Zambia digital economic diagnostic report.