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Finance

WorldRemit partners with Nigeria’s Paga to launch international mobile money transfer service

By Footprint to AfricaApril 25, 2019

WorldRemit, a global digital money transfer company, has partnered with Paga, a Nigerian mobile money company, to expand its presence in Nigeria. The partnership, which will encourage…

Finance

Court Order Bars Kenya Revenue Authority from Collecting $27 Million a Month in Taxes from Sports Betting Winners

By Dennis LukhobaApril 24, 2019

A court order has barred the Kenya Revenue Authority’s (KRA’s) efforts to collect taxes amounting to more than Ksh2.7 billion (about $27 million) per month from…

Finance

Zimbabwe’s Econet Plans to take Bostwana telco Mascom Public

By Footprint to AfricaApril 24, 2019

Strive Masiyiwa, a Zimbabwean billionaire announced plans to list part of his Botswana telecoms operator Mascom by October this year, a move he expects to be one of the…

Finance

Ecobank Transnational Confident of Group’s Development Strategy as Lender Sees its $450 Million Eurobond Oversubscribed

By Dennis LukhobaApril 21, 2019

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has successfully raised $450 million in its debut Eurobond, which was oversubscribed. A Eurobond…

Finance

Nigeria’s Renmoney set to improve loan access with mobile centres

By Footprint to AfricaApril 20, 2019

Renmoney, a Nigerian financial technology firm, said it has begun establishing mobile centres across Nigeria. The firm said the initiative will bring financial access closer to current…

Finance

Debt Fund Manager, Vantage Capital Exits its Investment in South African Mining Company, Thebe Timrite

By Dennis LukhobaApril 19, 2019

Africa’s largest mezzanine debt fund manager, Vantage Capital has fully exited its investment in Thebe Timrite, a leading supplier of mining support products and services in…

Finance

Nigeria: Diaspora Remittances Hit $24bn

By Footprint to AfricaApril 17, 2019

Nigeria, Africa’s most populous nation, has seen remittances from those in diaspora hit $24.3 billion in 2018, the highest recorded across Sub-Saharan Africa, and $2 billion…

Finance

Akinwumi Adesina, President of the African Development Bank Group (AfDB)

African Development Bank and Multilateral Development Bank hold discussions to strengthen collaboration

By Footprint to AfricaApril 10, 2019

The African Development Bank hosted 11 institutions for the annual Multilateral Development Bank (MDB) roundtable on trust funds and co-financing. The aim of the roundtable hosted by…

Finance

Branch International secures $170 million to expand its services

By Footprint to AfricaApril 10, 2019

Branch International in collaboration with Foundation Capital and Visa has raised a $170 million series C financing for the under-banked. The financing was done by existing investors…

Finance

Ghana revenue authority _Easy-Resize.com

Ghana announces double taxation agreements with 10 countries to boost investments

By Thomas MooreApril 8, 2019

Ghana’s government says it has signed double taxation agreements with 10 countries towards giving investors a stable and conducive tax scheme. The world’s second largest cocoa…

Browsing: Finance

Three Major Reasons Why Africa is Underdeveloped – Osita Oparaugo

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