Daily Archives: January 16, 2015
Leading African and global mining executives and investors announced for the 2015 Investing in African Mining Indaba™
Nomanini, a Cape Town-based mobile point of sale service that specialises in facilitating cash payments in emerging markets, has successfully scaled into six countries across Africa in just four years, using Google’s Cloud Platform. It currently processes over a million transactions per month.
A mission from the International Monetary Fund (IMF) led by Bhaswar Mukhopadhyay, visited Banjul from January 8-14, 2015. Though The Gambia remains completely free of Ebola, the crisis has caused a deep decline in tourism related activities, the economy’s principal foreign currency earner. The mission assessed the effects of this shock to the Gambian economy and explored the possibility of agreeing on a Rapid Credit Facility (RCF) arrangement with the IMF. 1 The mission also discussed the Gambian authorities’ plans to address policy slippages over the past two years and the possibility of establishing a program monitored by the IMF (SMP). 2 While the discussions have been fruitful, additional time is needed to reach a final agreement.
Reduced conflict in Somalia and an improving economy in Ethiopia are not deterring irregular migration from the Horn of Africa into the Arabian Peninsula, according to the Nairobi-based Regional Mixed Migration Secretariat (RMMS).