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Finance

South Africa’s Capital Appreciation gains as more consumers drop cash for cards and digital money

By Footprint to AfricaNovember 15, 2018

Capital Appreciation, a payment services facilitator which handles the distribution and management of point-of-sale devices in retail outlets, is making double-digit profits, as more consumers drop cash…

Finance

MTN Group to infiltrate Nigeria’s mobile money market

By Footprint to AfricaNovember 14, 2018

MTN Group, a South Africa-based multinational mobile telecommunications company has revealed plans to apply for a payment banking license in Nigeria. The license will help the telecoms company…

Finance

Dr Fatoumata Nafo - Traore IFRC Director, Africa Region and Ecobank CESA Regional Executive and MD Kenya

Pan-African Lender, Ecobank Partners with IFRC to Insure Local Communities in Africa

By Dennis LukhobaNovember 13, 2018

Ecobank, the famous Togo-based Pan-African lender, and the International Federation of Red Cross and Red Crescent Societies (IFRC), have signed an agreement to empower local communities…

Finance

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Ghana: volume of mobile money transactions exceeds billion

By Thomas MooreNovember 9, 2018

The volume of mobile money transactions conducted in Ghana in the first nine months of this year has surpassed one billion, a 50 percent increase in…

Finance

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Africa’s biggest bond fund Allan Gray gains from local debt

By Footprint to AfricaNovember 9, 2018

Allan Gray’s Africa bond fund, Africa’s biggest bond fund based in Cape Town, managed to protect itself against the sell-off buffeting emerging markets, largely by buying local…

Finance

Interswitch and Microsoft partner to promote blockchain technology in Nigeria

By Footprint to AfricaNovember 7, 2018

Microsoft, an American multinational technology company and Interswitch Group, a Pan-African integrated digital payments and commerce company, have announced the launch of an innovative blockchain-based supply chain financing…

Finance

Deloitte says automation can transform tax administration in Nigeria

By Footprint to AfricaNovember 6, 2018

Tax administration experts said automation will transform taxes for companies and regulators in the very near future. According to a new study published by Deloitte, experts believe the…

Finance

Bureaux de Change in Nigeria record 163 percent increase in dollar sales

By Footprint to AfricaNovember 5, 2018

The Association of Bureaux De Change Operators of Nigeria (ABCON) said there was a 163 percent increase in dollar sales to bureaux de change (BDCs) which amounted…

Finance

Cryptocurrency platform Luno seeks banking partners across Africa to facilitate growth

By Footprint to AfricaNovember 5, 2018

According to Marius Reitz, Luno’s country manager for South Africa, the cryptocurrency platform, which is backed by Naspers and Rand Merchant Investment Holdings, is planning an aggressive push…

Finance

A bulk of Discovery’s 13 billion rand budget will be invested in South Africa

By Footprint to AfricaNovember 2, 2018

Adrian Gore, CEO of Discovery Limited, a financial services group based in Sandton, said the company has committed to spending the bulk of the 13 billion rand it plans…

Browsing: Finance

Three Major Reasons Why Africa is Underdeveloped – Osita Oparaugo

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