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

The digital banking services are expected to expand in Africa and Latin America with this agreement. (Image source: lau rey/Flickr)
German 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
MTN and Ecobank sign MoU to provide digital banking across Africa
MTN 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
MENA fintech sector to attract US$2.5bn in deals by 2022, study finds
Banks are currently acquiring, partnering and also sponsoring fintech companies. (Image source: Laymanzoom/Adobe Stock)
The 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
IMF reaches staff-level agreement on Côte d’Ivoire’s debt facilities
The IMF said it reached an agreement on the third review of Côte d’Ivoires debt facilities and that the country’s performance under the lender-supported program was satisfactory in 2017