Finance

China-Africa trade 'to top $100bn'

Beijing says its trade with Africa is on track to top US$100 bn this year as it benefits from investments in mines, farms and factories on the continent, Chinese state media reported recently.

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Micro savings and micro insurance now available via a mobile phone

M-PESA, Vodafone’s money transfer technology, now provides customers with the ability to link to an interest bearing savings account and buy insurance via their mobile.

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Nigeria creates agency to clean up bad bank debts

Nigerian President Goodluck Jonathan has approved, recently, the creation of a new government agency to buy out bad debts from the banking system.

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Arabic bank head visits Uganda


The Director General of the Arab Bank for Economic Development in Africa (BADEA), H.E. Mr. Abdelaziz KHELEF, visited Kampala, capital of the Republic of Uganda,  in July 2010.

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Wireless connectivity for Egyptian ATMs

Mada Communications and Cairo Amman Bank have finished a trial period during which Mobile ATM Service was launched based on connecting a group of buses that contain ATMs with Cairo Amman Bank network, through Mada broadband network and based on the latest version of Wi-Max technology.

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