Finance

Germany opens new office in Tanzania to boost trade ties

German TanThe Association of German Chambers of Commerce and Industry (DIHK) has officially opened an office in Dar es Salaam under the name of ‘AHK Services Eastern Africa Ltd,” to promote and facilitate business relations between Germany and Tanzania

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African businesses continue to grow despite tough macro environment: PwC

PwCDespite a challenging environment, with public debt approaching critical levels in some African countries and concerns over excessive reliance on oil, African businesses are expanding, said PricewaterhouseCoopers (PwC), the UK-based multinational professional services network

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Fidor and IFC to expand digital financial services in Africa and Latin America

FidorGerman online bank Fidor has signed a MoU with International Finance Corporation (IFC), a member of the World Bank Group, a move that is seen to expand digital banking opportunities across Africa and Latin America

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MTN and Ecobank sign MoU to provide digital banking across Africa

MTN EcoMTN has collaborated with Africa’s Ecobank Transnational Incorporated (ETI), a move that aims to leverage each other’s assets to provide more services to their customers across Africa

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MENA fintech sector to attract US$2.5bn in deals by 2022, study finds

MENA FintechThe current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further

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