Business

East Africa banks cash in on forex crisis, government securities to increase earnings

East Africa’s top retail banks have cashed in on the scarcity of hard currency, earning Ksh25 billion ($204.91…

Uganda seeks tech revolution boost with free smartphones for homes

Uganda is piloting a programme to expand use of smartphones as one way of drawing investment in tech…

Big GDP surprise for South Africa’s economy

Stats SA has published the latest gross domestic product numbers for the third quarter of 2022, showing surprising…

South Africa: TymeBank eyes 6 million customers as it makes big push into business banking

South African digital bank TymeBank says it is set to reach the 6 million customer mark in December,…

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Nigeria: Customs, RMAFC collaborate to recover funds, block revenue leakages

Nigeria Customs Service (NCS) updates Revenue Mobilization Allocation and Fiscal Commission (RMAFC) on efforts to recover unremitted funds…

Nigeria: PalmPay Honours Agents with N200m

In its 2023 end-of-year promo, PalmPay distributed N200 million worth of cashback rewards to thousands of its point…