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Finance

Kenyan Insurer Sanlam Recovers from Loss to Post $6m

By Footprint to AfricaAugust 23, 2019

Sanlam Kenya has posted Sh639 million ($6 million) in net earnings for the first half of 2019, coming from a Sh1.5 billion loss booked in the same…

Finance

Mobile Money Services Company, Nilepay Partners with Telecoms Firm, Zain South Sudan to Widen Financial Inclusion in the Region

By Footprint to AfricaAugust 7, 2019

Leading Electronic Financial Services Company, NilePay has partnered with Zain South Sudan, the country’s top telecommunications firm, to launch NilePay Mobile Money, the first licensed mobile…

Finance

Paxful Moves to Increase Access to Africa’s Bitcoin Economy through Education

By Footprint to AfricaAugust 2, 2019

Paxful a global a peer to peer Bitcoin marketplace connecting buyers with sellers, plans to increase access to the bitcoin economy in Africa through education. This…

Finance

Institute of Chartered Accountants in England and Wales Appoints Nigerian to Chair its Africa Members Advisory Board

By Dennis LukhobaJuly 17, 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has announced the appointment of Nigerian national, Ede Dafinone as Chair of its Africa Members Advisory…

Finance

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele

Nigeria’s Central Bank Mandates Commercial Banks to Lend 60% of Deposits

By Footprint to AfricaJuly 4, 2019

The Central Bank of Nigeria (CBN) has issued a circular mandating commercial banks operating in the country to lend out up to 60% of their customer deposits. The…

Finance

German Software Company, SAP and German Development Ministry Move to Create More Jobs in Africa’s Digital Sector

By Dennis LukhobaJuly 2, 2019

German software company SAP and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a plan to help alleviate Africa’s unemployment crisis. The…

Finance

Ghana’s Central Bank Announce Capital Structure for Mobile Money and Payment Systems

By Footprint to AfricaJune 27, 2019

The central bank is expected to soon announce a comprehensive stated capital structure for all players in the mobile money and payment systems. The stated capital…

Finance

Ecobank Nigeria Seals $41m Agri-Financing Deal with NIRSAL

By Footprint to AfricaJune 26, 2019

Ecobank Nigeria has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), on a N15 billion ($41 million) investment scheme,…

Finance

AfDB Approves $24.7m Development Finance for South Sudan

By Footprint to AfricaJune 26, 2019

The board of directors of the African Development Bank has approved a proposal to commit $24.7m to finance the South Sudan Strategic Water Supply and Sanitation…

Finance