Women Entrepreneurs Lead the way in Digital Presence, According to Mastercard SME Research in Middle East and Africa

Posted on by Staff Writer | 22617 Views | 18 min read

81% of women entrepreneurs across the Middle East and Africa have a digital business presence according to Mastercard MEA SME Confidence Index Latest research by Mastercard highlights high digitalization among women-owned businesses as opportunity for broader SME recovery and digital economy growth Despite the gender gap and social challenges, entrepreneurial women across the world and

Ecobank Group Launches 2021 Edition of its Fintech Challenge

Posted on by Staff Writer | 6525 Views | 13 min read

Applications have opened for entries from all start-ups and developers in any of Africa’s 54 countries and global Africa-centered Fintechs The Pan-African Banking Group seeks innovative start-ups to partner and collaborate with; Applications are now open. The pan-African banking group, Ecobank group, is inviting African Fintech entrepreneurs to join the 4th edition of the Ecobank

Central Bank of Nigeria (CBN) Issues New Guidelines for Mobile Money Operators in Nigeria

Posted on by Staff Writer | 4427 Views | 21 min read

Author: Ibrahim Moshood, Associate, Centurion Law Group The new guidelines provide a robust coverage of the MMO value chain from service providers to subscribers and agents Introduction The apex regulator of banking activities in Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”).

Nigeria’s WEMA Bank Expands Long-term Business Agreement with Network International

Posted on by Staff Writer | 4344 Views | 8 min read

Renewed agreement to cover increase in capacity for card issuance and ATM processing WEMA Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa and the Middle East. Building on their long-term relationship, Network International will be

Pan African Payments Company Cellulant Acquires PSP License in Ghana as it Rolls Out a Digital Payments Solution for Businesses

Posted on by Staff Writer | 7842 Views | 13 min read

The license is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana Digital payments has seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the population aged 15 years and older had

Ecobank Group and Microsoft upskill Africa’s Small and Medium Enterprises to Succeed in a Digital Economy

Posted on by Staff Writer | 4947 Views | 11 min read

The leading pan-African banking group, Ecobank Group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa. This training will provide SMEs digital skills and knowledge to succeed in today’s digital world. SMEs have been significantly impacted by the COVID19 pandemic

Transforming B2B Payments Could Help Africa’s Local Businesses Grow

Posted on by Staff Writer | 12168 Views | 18 min read

By Clara Wanjiku Odero The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3 percent to about $56 billion in 2020. However, global businesses that want to pay their Africa-based vendors and patterns are often frustrated by their experience with B2B payments. Typically, international businesses must route funds through

Banks Invest In Viable Projects – GCB MD

Posted on by Staff Writer | 6719 Views | 9 min read

The Managing Director of GCB Bank Limited, Mr Kofi Adomakoh, says there is no reason why banks will not invest in renewable energy and other projects to spearhead the development of the national economy. He explained that banks including GCB, largely look at the viability of the projects and conduct due diligence before investing in

CDC Group Announces US$50m Trade Finance Facility with Ecobank as Part of its COVID-19 Response

Posted on by Staff Writer | 6558 Views | 13 min read

Provides systemic liquidity and supports vital supply chains across Africa’s markets Sustains and increases access to goods and services during the pandemic Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso and Chad. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million trade finance facility

Mastercard New Payments Index: Consumer Appetite for Digital Payments Takes Off in Nigeria

Posted on by Staff Writer | 4672 Views | 26 min read

96% of consumers in Nigeria are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index 86% of Nigerian consumers have access to more ways to pay compared to this time last year 78% of consumers in Nigeria say digital