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
The mobile money ecosystem is set to evolve across the continent. (Image source: Ecobank)
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
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
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
Cape Town has directed citizens to use 50 litres of water or less per day amid the water crisis. (Image source: Zaian/Wikimedia Commons)
Moodys maintained its negative outlook on the City of Cape Town, which is battling a severe water shortage
