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Just 2% of retail transactions in Africa are electronic. Cash is still king and small transactions -- less than $2 -- have hindered the growth of mobile money outside of its Kenyan heartland. The value of M-Pesa and similar services is questionable for Africans living on just a few dollars a day. The average M-Pesa transaction value is closer to US$30. I's unsustainable for agents to serve lower-income segments. They can't afford to get down to the level of very small transactions,…
02.24 / 19:35
afkinsider.com
Apart from The Donald, flash events and trading algorithms, currency traders are concerned about the details of new conduct rules being drafted for use in the notoriously opaque market sector. The post Three things global currency traders are obsessing about (apart from Donald Trump): FX insights appeared first on…
02.24 / 19:27
biznews.com
It was indeed a fruitless search by officials of the Economic and Financial Crimes Commission (EFCC) when it raided the residence of the former Chief of Naval Staff, Vice Admiral Usman Jibrin in Anyigba, Kogi State. The EFCC’s operatives led by DSP Madaki broke open a soak-away pit and the celling of the house, but […
02.24 / 19:20
thestreetjournal.org
New facility is result of consolidation of two existing facilities and part of Caterpillar’s Investment in Business, Education and Training across Africa … The post Caterpillar to Open New Parts Distribution Facility in South Africa appeared first on Realnews Mag…
02.24 / 19:12
realnewsmagazine.net
The Bank of Industry (BOI) has unveiled its office in Ilorin, the Kwara state capital, after lending N11.6 billion to businesses in the state. Waheed Olagunju, acting managing director ofThe post After giving N11.6bn loans in Kwara, BOI unveils Ilorin office appeared first on…
02.24 / 18:47
thecable.ng
The Federal Government has relieved some directors in the Nigerian Civil Aviation Authority (NCAA) of their positions with immediate effect. In all, 10 directors were shown the exit by the Minister of State for Aviation, Hadi Sirika after the approval from the Federal Government. The affected directors are: Alhaji Salawu Ozigi (Director of Finance and…
02.24 / 18:44
thestreetjournal.org
Guaranty Trust Bank (GTB) plc, one of the leading commercial banks in Nigeria, has won three international prizes at the Euromoney awards for 2017. The bank won the prize forThe post GTB swoops three prizes at Euromoney awards appeared first on…
02.24 / 18:08
thecable.ng
Nigeria’s overnight lending rate plummeted to around 15 percent on the interbank market on Friday from around 133 percent the previous day, as the market anticipated the injection of budgetary allocations to government agencies. Africa’s top crude producer distributes oil revenues among its three tiers of government and a portion belonging to states and local [&#…
02.24 / 18:06
thestreetjournal.org
The three firms that had shown interest to provide student accommodation in public universities to ease accommodation challenges will early March start negotiations with government, the Public Private Partnership Commission (PPPC) executive director Jimmy Lipunga has said. The three firms, Old Mutual Investment Group, Nico Asset Managers and South African firm, M & M…
02.24 / 17:38
mwnation.com
Global Green Grant Fund of the United States has made available $3,500 in support of the provision of potable water for people in communities in the Ahafo project area of… The post Global Green Grant Fund supports potable water initiative with $3,500 appeared first on Ghana Business…
02.24 / 17:19
ghanabusinessnews.com
Mrs Thywill Eyra Kpe,the Central Regional Director of the Department of Gender, has expressed worry and described as threatening the trend that suggest that teachers were among the top groups… The post Department of Gender worried over teachers impregnating teenage girls appeared first on Ghana Business…
02.24 / 17:19
ghanabusinessnews.com
Staff of the Customs Division of the Ghana Revenue Authority (GRA), have decried what they described as “hazardous” conditions under which they perform their duties.    They have also expressed unhappiness… The post Customs staff decries hazardous working conditions appeared first on Ghana Business New…
02.24 / 17:19
ghanabusinessnews.com
The Gender, Children and Social Protection Ministry has scaled up efforts to take more children off the streets of Kumasi, the nation’s second largest city.    This involves the combination of… The post Gender Ministry scales up effort to take children off the streets appeared first on Ghana Business N…
02.24 / 17:19
ghanabusinessnews.com
Dr. Emmanuel Tinkorang, the Western Regional Director of Ghana Health Service said though the Region had improved upon supervised delivery and family planning coverage, maternal mortality still increased from 75… The post WR records increase in maternal deaths appeared first on Ghana Business…
02.24 / 17:19
ghanabusinessnews.com
The ONELGA Oil and Gas landlords Families in ONELGA in Rivers State have shut down 37 of the oil well heads of the Nigerian Agip Oil Company/NNPC joint venture. The association´s chairman Mr. Chikobi Alali, in a statement said the decision to shut down the oil company’s  operations became imperative when several attempts allegedly made […] The post Landlord families shut down Agip’s oil wells appeared first on The Nation Nig…
02.24 / 17:13
thenationonlineng.net
The Malawi Economic Justice Network (Mejn) has welcomed intended fiscal adjustments to the 2016/17 National Budget and advised government to focus on priorities that matter most for Malawians. Minister of Finance, Economic Planning and Development Goodall Gondwe told Parliament last week that government will need to make spending cuts in response to the loss…
02.24 / 16:18
mwnation.com
Morocco’s economic capital, Casablanca, has been ranked second African city to house the largest number of billionaires by Forbes Africa Magazine in its 2017 ranking of African billionaires. The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg. Casablanca, according to the famous magazine, is home to 5,000 The post Casablanca, Second African City with Most Billionaires appeared first on The North Africa P…
02.24 / 15:27
northafricapost.com
NAIROBI, Kenya, Feb 24 – Stanbic Bank has recorded 10 per cent decrease in 2016 full year net profit to Sh4.4 billion. Management attributes the decline to a decrease in revenue in South Sudan operations as the effects of political unrest continue to negatively impact the South Sudan Economy. Stanbic Bank Chief Executive Philip Odera … Continue reading "Stanbic records 10pc decrease in full year profits for…
02.24 / 14:24
capitalfm.co.ke
MUTARE –Finance Minister Patrick Chinamasa says the country should clean up its political image order to re-engage the international community to revive the ailing economy. The post Zim should clean up image – Chinamasa appeared first on The Z…
02.24 / 14:17
thezimbabwean.co
The Central Bank of Nigeria (CBN) on Wednesday stated that it is already making some headway in its adopted foreign exchange policy, and that with over $30 billion foreign exchange (forex) reserves in its coffers, it now has enough financial firepower to continue to intervene in the country’s interbank forex market. The CBN on Tuesday […
02.24 / 14:02
thestreetjournal.org