BankingTechnology

Africa Leads the Global Mobile Money Revolution with $1.1 Trillion in Transactions

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April 24, 2025
Africa has solidified its position as the world leader in mobile money adoption, boasting an impressive 1.1 billion mobile money accounts and facilitating $1.1 trillion in transactions annually. This milestone highlights the continent’s innovation in leveraging mobile technology to drive financial inclusion and economic growth. The remarkable growth of mobile money in Africa is fueled by the…
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Banking

Bidvest Group Begins Search for Bidvest Bank Buyer, Aiming to Minimize Retrenchments

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July 6, 2024
Bidvest Bank will prioritise a buyer who will make minimal retrenchments as the bank goes up for sale. The bank currently employs over 1,500 employees. Bidvest Group, the parent company of the bank, today announced that the bank and its financial migration services arm FinGlobal, will be sold as part of a restructuring process. “Beyond looking for fair value of the asset, we will also…
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Banking

"UBA provides assistance to micro, small, and medium enterprises (MSMEs)."

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August 23, 2023
The United Bank for Africa has announced its plans to conduct a workshop that will provide valuable insights to proprietors of micro, small, and medium-scale enterprises, enabling them to effectively manage both their well-being and finances in the face of global economic challenges. According to an official statement released on Tuesday, UBA has organized this workshop as part of its ‘UBA…
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EnergyMarkets

"Marketers anticipate an upcoming increase in cooking gas prices for the following week."

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August 10, 2023
Gas consumers should prepare for challenging times ahead as marketers have indicated that prices will rise in the coming week. Olatunbosun Oladapo, the President of the Nigerian Association of Liquefied Petroleum Gas Marketers, stated that a surge in international prices, high taxes, vessel costs, forex shortages, and currency devaluation are contributing factors to the anticipated price…
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