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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.…

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…

VW opens Kenya assembly plant, launches ride sharing service in Rwanda

VW opens Kenya assembly plant, launches ride sharing service in Rwanda

German vehicle maker Volkswagen (VW) officially unveiled its production facility in Kenya as it strengthens its presence in emerging markets.  During the inauguration of the assembly plant in the East African country, VW showcased its first locally assembled passenger vehicle, dubbed Polo Vivo. The plant is expected to produce cars…

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,…

South Africa faces backlash over xenophobic attacks on migrant workers

South Africa faces backlash over xenophobic attacks on migrant workers

South Africa is facing a backlash from the rest of the continent over the targeting of immigrants in a wave of xenophobic violence. South African vehicles were pelted with stones in Mozambique on Friday and South African companies are reportedly being threatened with closure in Nigeria. Protests have been held…

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,…

Corruption remains an Achilles Heel for SSA despite improvements

Corruption remains an Achilles Heel for SSA despite improvements

Most African countries are still perceived to suffer from “endemic corruption,” according to an annual survey of perceptions of public sector corruption in nations across the world. The 2014 edition of the corruption survey, published by the campaign group Transparency International, says that five of the 10 countries of the…

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