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Banking & Finance

The 6th Africa Congress of Accountants event (ACOA2021), held from 24-26 November 2021. (Image source: Adobe Stock)

The Institute of Chartered Accountants in England and Wales (ICAEW) and the Order of Accountants and Auditors of Mozambique (OCAM), under the auspices of PAFA (Pan African Federation of Accountants), together have shed light on how accountancy and finance professionals in Africa can harness the fourth Industrial Revolution

The cooperation between Ecobank Group and the European Investment Bank to support private sector investment across Africa was formally agreed at the EU Delegation. (Image source: Adobe Stock)

Ecobank Group, one of the leading pan-African banking groups, has signed an agreement for a US$112mn long-term credit facility over nine years with the European Investment Bank (EIB)

In 2010, MFS Africa forecast that mobile money wallets would be the most dominant digital wallet in Africa. (Image source: Adobe Stock)

MFS Africa has raised US$100mn through an equity and debt financing round, marking another milestone in the company’s expansion

40% of Africans prefer using digital platforms for transactions, according to Forbes. (Image source: Adobe Stock)

West Africa is one region that is taking advantage of the mobile banking space, especially during these uncertain times

One of the first contracts activated in June was granted to Mantrac’s customer, Twin Rock. (Image source: Amel Ghana)

AMEL (Africa Middle East Leasing) Ghana has received its operational licence from the Bank of Ghana and has already offered financial solutions to 24 customers 

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