World Bank before doctor’s appointment
By AKANI CHAUKE JOHANNESBURG, (CAJ News) – THE World Bank has sounded the alarm on lack of progress made in reducing poverty and inequality as well promoting growth over the past 50 years. The concern is carried in a report, Fair Progress? Educational Mobility around the World, which marks the 25th anniversary of the International Day to Eradicate More...
World Bank backs Nigeria economic diversification plans
ABUJA, (CAJ News) – PLANS by Nigeria to place mining at the centre of diversifying the economy from the oil industry have received a timely boost from the World Bank. The bank announced it had developed More...
Safaricom completes Kenya M-PESA upgrade
From MARIA MACHARIA in Nairobi, Kenya NAIROBI, (CAJ News) – SAFARICOM, the mobile network operator, has upgraded its globally-renowned M-PESA mobile money platform in Kenya. The exercise commenced Saturday and More...
SA’s poor savings record in the spotlight
By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – WHILE South Africans are known to be poor savers, amid estimations only 6 percent can afford to retire comfortably,nonetheless, predominantly Rand-based investments More...
Absa, China Development Bank sign $100 million deal
By MTHULISI SIBANDA in Johannesburg JOHANNESBURG, (CAJ News) – ABSA Bank has concluded a five-year $100 million (R1,32 billion) Special Facility Agreement with the China Development Bank (CDB). The first major More...
Econet dominant in Zimbabwe mobile money space
from MARCUS MUSHONGA in Harare, Zimbabwe HARARE, (CAJ News) – ECONET Wireless, the leading mobile network operator,has maintained its dominance in Zimbabwe’s mobile money payments sector.According to statistics More...
Rwanda power utility enhances operational efficiency
From PHYLLIS BIRORI in Kigali, Rwanda KIGALI, (CAJ News) – RWANDA Energy Group (REG) has embarked on a drive to streamline its business processes, improve corporate governance and enhance operational performance.Its More...
Contact-less tech cards debuts in East Africa
From MARIA MACHARIA in Nairobi, Kenya NAIROBI, (CAJ News) – KENYA Commercial Bank (KCB) Group has entered into a partnership with UnionPay International to enhance its digital payments services across the More...
Nedbank urges startups to defy economic upsets
By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – THE prevailing economic challenges afflicting South Africa must not deter plans to start new businesses, an economist has said. Nedbank economist, Busiswe Radebe, More...
Barclays announces partnership with fintechs
By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – THE Barclays Africa Group will collaborate with several financial technology (fintech) companies to explore promising new technology-based solutions that could More...