Zimbabwe Posts (Pvt) Ltd (Zimpost), the leading postal, communication, and financial services provider in Zimbabwe, has launched a PostMoney Centre and digital money order service.
The president of Kenya approved a new law on Tuesday, which requires digital lenders in Kenya to get licensed.
Following a push back from the Chinese government on Kenyan’s application for a debt repayment holiday and despite repayment to other major bilateral creditors remaining low, $256.9 million have been paid to the Chinese government to ease a standoff over debt repayments that delayed disbursements to projects funded by Chinese loans.
The Ugandan and Tanzanian shillings are among the six African currencies holding steady against the dollar. The Zambian Kwacha takes the lead, appreciating at 19.64%, while Ugandan and Tanzanian shillings are at 2.24% and 0.70% respectively.
Flutterwave, a leading digital payment company, has unveiled its e-commerce platform – Flutterwave Market, which is an extension of its Flutterwave Store service, that will bring together a collection of merchant stores in one place.
In a strategic move by Rwanda and DR Congo, representatives of both parties – the Rwandan Minister of Infrastructure, Ambassador Claver Gatete, and Cherubin Okende Senga of DR Congo met at the 33rd plenary session of the African Civil Aviation Commission meeting and held a bilateral exchange on the development of air, road and railway infrastructure projects.
With a capital contribution of $30 million Ethiopian Airlines has finalised preparations with Industrial Development Corporation Limited (IDC), a national development finance institution based in South Africa, to launch Zambia’s National Carrier, and this appears to be a case of together we can achieve more.
Nigeria is set to launch the operations of its national carrier–Nigerian Air and the Federal Executive Council (FEC) has approved the tentative commencement date of April 2022.
The Ghanaian government is set to introduce an electronic transaction levy of 1.75 percent on all electronic transactions to widen the tax net and rope in the informal sector.
CredPal has announced the launch of a merchant suite called Credpal Pay aimed at helping businesses increase sales through its buy now, pay later channel.