Tag: Banking Sector
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10 African countries with the strongest currencies in 2024
Having a strong currency provides numerous benefits to African economies, ranging from increased purchasing power and attracting foreign investment to lower import costs and more international trade. While monetary strength is frequently associated with stability and prosperity, the benefits go far beyond mere symbolism. As a result, governments have been tasked with strengthening their currencies.…
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Coinbase and Business Accounts: How to Connect Them in 2024
In 2024, connecting Coinbase with business accounts has become a strategic move for companies Businesses are increasingly recognizing the importance of integrating digital assets into their financial operations. Among the platforms facilitating this integration, Coinbase stands out as one of the most popular and trusted exchanges. In 2024, connecting Coinbase with business accounts has become a strategic…
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16 African banks that offer instant deposit, PayPal,Google Pay and Apple Pay integration:
Across Africa, the mobile revolution has brought not just communication but also a wave of financial inclusion. Instant deposit platforms, PayPal, Google Pay, Apple Pay and CashApp are playing a vital role in this transformation. These services offer: However, challenges remain. Limited internet access and digital literacy require further infrastructure development and education. Additionally, ensuring…
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SoFi Introduces Small Business Financing Marketplace
SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them to SoFi’s network of providers.” Anthony Noto, CEO of SoFi, said: “SoFi…
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African startups secure new UNDP aid
Ecofin Agency) – The United Nations Development Program (UNDP) has joined forces with African nations to develop an innovative fund named “Timbuktoo”. This tool is aimed at bolstering the African startup ecosystem and supporting the growth of high-potential enterprises across the continent. According to an official UNDP statement, the $1 billion fund will raise both…
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Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups
Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first pan-African venture capital fund. The new commitment follows an $8 million investment from the fund’s anchor investor, French private equity firm LBO France. The fund…
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TotalEnergies Ranked As The World’s Leading Solar Developer In 2023
With a portfolio representing total capacity of 41.3 gigawatts (GW) in 2023, including 12 GW already in operation, TotalEnergies is a major player in the solar power market. In its latest report, research consultancy Mercom confirms our leadership position and highlights the scale and diversity of TotalEnergies’ projects worldwide. For several years now, TotalEnergies has…
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Libyan Islamic Bank sign deal with Backbase to enhance digital customer experience
Libyan Islamic Bank (LIB) has partnered with Backbase, a Dutch financial technology company that provides engagement banking for financial institutions, “to streamline its customer service operations and enhance its customers’ digital banking experience,” according to a statement by the Dutch company. The initiative to revamp LIB’s existing mobile app for retail customers and introduce new…
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Enhancing Bilateral Ties: PAPSS Visits LBDI in Monrovia, Liberia
In a significant diplomatic development, Monrovia, the capital city of Liberia, recently played host to high-profile visits from the Pan-African Parliament Secretariat (PAPSS) and the Liberia Bank for Development and Investment (LBDI). The interactions during these visits underscored the commitment to strengthening diplomatic and economic ties between Liberia and the broader African community. The Pan-African…
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New Financing to Support 900,000 Farmers and Road Users for Economic Transformation in Liberia
WASHINGTON, December 22, 2023 – The World Bank Board has approved a Second Additional Financing for the Rural Economic Transformation Project (RETRAP-AF II). This financing is funded by an International Development Association (IDA)* credit of US$76 million from its Scale-Up Window (SUW) and $9 million grant from the KfW Development Bank through the Liberia Reconstruction…
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