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Mobile money services will expand in East Africa

Location:

EAST AFRICA

The carrier's performance was driven in part by a 34% increase in revenue from M-Pesa, its mobile money service. Among regions, sub-Saharan Africa (SSA) has the most active mobile…

Ethiopia's demonetisation mixes politics and economics

Location:

ETHIOPIA

The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…

African telecoms markets will undergo transformation

Location:

AFRICA

More than 25 million Kenyans use mobile money, with around 16 million transactions a day worth 36 billion dollars last year. Governments across Sub-Saharan Africa (SSA) are…

Kenya's new banking law may spur consolidation

Location:

KENYA

Concerns over the implications of a new Banking Amendment Act on the sector's profitability have precipitated falls in Kenyan banking stocks. Nevertheless, improved lender…

Somalia faces long road to economic reconstruction

Location:

SOMALIA

Despite the government’s genuine efforts to implement policy reforms, low to non-existent institutional capacity will continue to impede the emergence of a more formalised…

New Zimbabwean currency will struggle for traction

Location:

ZIMBABWE

After a month of fuel protests and a violent military crackdown, Mangudya on February 20 effectively acknowledged Zimbabwean bond notes and electronic RTGS bank balances as part…

Zambia debt impasse exposes flaws in the G20 framework

Location:

ZAMBIA

This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…

Kenya’s Hustler Fund may survive early challenges

Location:

KENYA

The fund is an ambitious, complex and unorthodox approach to boosting financial inclusion and providing credit to citizens and small businesses, but it is not uncontroversial.

Greylisting underscores South Africa reform imperative

Location:

SOUTH AFRICA

Some deficiencies were detailed in a 2021 FATF report and in October 2021 the country was given 18 months to remedy them or face greylisting. Greylisted states face tougher due…

Consolidation to shape East Africa mobile telecoms

Location:

EAST AFRICA

The firm plans to expand Kenya's 4G network, while pursuing a strategy of infrastructure sharing to contain costs. The move would augment the World Economic Forum-backed Northern…