A New Framework for the Conduct of Monetary Policy by the Bank of Mauritius

The Bank is introducing its new Monetary Policy Framework (MPF) effective 16 January 2023. The new framework is expected to address the deficiencies of the existing one and help to further strengthen monetary policy operations and the monetary policy transmission mechanism. The existing framework lacked a clearly defined nominal anchor and needed to be aligned

Stanbic IBTC Capital Named Best Investment Bank in Nigeria at the EMEA Finance African Banking Awards 2022.

Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings PLC, won four awards at the recently concluded EMEA Finance African Banking Awards 2022. For the 8th consecutive year, Stanbic IBTC Capital was named Best Investment Bank in Nigeria. Stanbic IBTC Capital also won awards for Best Debt House, Best Loan House and Best

Growth in Cashless Transactions Spurs New and Innovative Payment Solutions

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest

Network International Appoints Sandeep Chouhan, a Global Leader in Banking and Payments, as its Group Chief Business Transformation and Technology Officer

Sandeep most recently served as Group Chief Operating Officer of Abu Dhabi Islamic Bank (ADIB)  Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Sandeep Chouhan as Group Chief Business Transformation and Technology Officer. Bringing global experience in spearheading Business and

Cellulant Named Number One Payment Brand in Kenya

Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry  Pan-African payments technology company, Cellulant (www.Cellulant.io/), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a

Consumers Will Choose Cash to Make Billions of Rand in Festive Season Payments

Cash remains one of South African consumers’ favourite ways to pay because it’s convenient, easy, and offers low transaction costs for customers and retailers alike. That means that every small and medium sized retailer should be preparing itself to manage an influx of cash over the festive season as consumers splash out on treats and

COVID-19, Government Incentives and Mandates Boost Card Acceptance

Continued growth in merchant outlet and EFTPOS terminals numbers worldwide strengthens coverage of all schemes, but acceptance of the largest players differs significantly between regions 82% of payment terminals now accept contactless While 2021 saw long periods of lockdown and continued retail closures, the second year of the pandemic was overall a positive one for

Cellulant Zambia Extends Services to over 2 Million Zanaco Bank Customers with Pay TV Offering

This announcement was made at the Zanaco Innovation Lab where Cellulant was present as a partner offering digital services to the bank  Cellulant Zambia (Cellulant.io) today announced the additional provision of services to Zambia’s largest and most profitable indigenous bank, Zanaco. The bank’s customers can now enjoy paying for TV services such as Topstar, Zuku

Absa Appoints Group Executives in People Function; Information & Technology; and, Brand, Marketing & Corporate Affairs Roles

Absa Group Ltd. today announced the appointment of three Group executives, with effect 1 January 2023, signalling further progress in its ambition to create a winning, talented and diverse team. “The appointments build on the positive momentum that was achieved through Executive Committee changes and operating model refinement earlier this year,” said Absa Group Chief

African Start-Ups at the Forefront of Digital Innovations Transforming Africa’s Economy

PayBox is a fast growing African fintech start-up cross-border mobile growth engine enabling easy access to offline and online digital payment and business solutions.  African tech innovators at the recent Africa Money & Defi Summit in Accra, Ghana proved that they are at the forefront of change on the continent, from fintech to agritech. “Africa