Tag: International Banking
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Zimbabwe turns to BRICS bank for funding
Zimbabwe intends to join the New Development Bank (NDB), the multilateral bank set up by the vibrant BRICS states, to expand sources of capital for infrastructure development, according to Finance, and Economic Development Minister Professor Mthuli Ncube. Mthuli revealed this in an interview with CGTN Africa, an African division of China Global Television Network, the…
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In Zimbabwe, digital gold beats bitcoin
The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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Kenya is the hotbed for FinTech innovation in Africa in 2022, attracting the most seed deals in H1
Kenya was the most active FinTech seed country in the first half of 2022 with 11 deals, a 28% share of total FinTech seed deals in Africa. Nigeria was the second most active with eight deals and South Africa was third with five deals. PayTech was the most active FinTech sector for seed transactions on the…
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