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Mastercard to support development of Ghana’s digital payment ecosystem

Mastercard to support development of Ghana’s digital payment ecosystem

In support of Ghana’s Vision 2020 goals, Mastercard has committed its support to helping the country develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion between Mastercard and Ghana’s new Vice President, Alhaji Dr Mahamudu Bawumia.…

Acacia Mining and Endeavour merger could be “compelling” – analyst

Acacia Mining and Endeavour merger could be “compelling” – analyst

The proposed combination of Acacia Mining Plc (LON:ACA) and Endeavour Mining Corp (TSE:EDV) is a “compelling opportunity”, according to analysts at Deutsche Bank. Discussions were confirmed on Friday 13 January 2017 afternoon after the market in London had closed. In a brief regulatory statement, Acacia said that it was in…

Trump team queries Africa aid policy, signals preference to push forward business opportunities instead

Trump team queries Africa aid policy, signals preference to push forward business opportunities instead

United States of America President-elect Donald J. Trump’s views of Africa have, until now, been a mystery. But a series of questions from the Trump transition team to the State Department indicate an overall skepticism about the value of foreign aid, and even about American security interests, on the world’s…

Africa stands to benefit from new trade deals and, possibly, from Brexit

Africa stands to benefit from new trade deals and, possibly, from Brexit

Brexit may have significant and positive trade implications for Africa. Renewed emphasis on economic integration through regional trade blocs could support economic growth, writes Sarah Logan. The year 2016 saw some significant developments for African trade and integration. These advances come at a crucial time for African countries, which have been particularly hard hit by the slump…

Nigerian Fintech Startup Lands $1.3 Million in Investments

Nigerian Fintech Startup Lands $1.3 Million in Investments

Nigerian fintech startup Paystack, announced today that it has closed in on $1.3 million in seed investment. Co-founded by Shola Akinlade and Ezra Olubi, the funds will go to building out its engineering team in Lagos, Nigeria; grow sales and marketing operations; and accelerate product development and customer on boarding,…

Africa’s inequality linked to billions hidden in Europe

Africa’s inequality linked to billions hidden in Europe

Reports of clandestine monies from African countries stashed in a Swiss bank have grabbed international news headlines according to the East African. Secret bank accounts in the HSBC’s Swiss private banking arm unearthed this year by the International Consortium of Investigative Journalists (ICIJ) were said to hold over USD 100bn,…

The Unique Ways Women Approach Finance

The Unique Ways Women Approach Finance

The standard cliché is that, relatively speaking, men are financial daredevils who like risk and that women are cautious and want security. Alternatively expressed, men are more risk friendly than women. Or to rephrase the title of a bestseller, “men buy shares from Mars and women have a savings account…