Tag Archives: Banking
On the back of the digital transformation, the virtual money market has seen exponential growth and has changed the way that many people deal with money. While it may be difficult to imagine a cashless society, it’s important to understand that money is merely an agreement to use something as a medium of exchange. The function and purpose of cash is, therefore, assigned by our cultural and social systems.
Seamless East Africa (http://APO.af/7B4agC) – the region’s most extensive technology and solution event for the fintech, payments and banking industries – opened its doors today at the Radisson Blu Hotel, Nairobi.
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.
Mobile Connections in Sub-Saharan Africa Increase 20 Per Cent to 500 Million in 2013 and Are Expected to Increase by an Additional 50 Per Cent by 2018
ABIDJAN, Côte d’Ivoire, May 14, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, and The MasterCard Foundation today convened key financial industry players to build further momentum for mobile financial services in Cote d’Ivoire. The event recognized the market’s enormous potential, especially for increasing access to finance for low income households, small scale businesses and in hard-to-reach areas.
4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets will be taking place in Phnom Penh, Cambodia from 12-13 June 2013.
The International Monetary Fund (IMF) says Gambia’s newly introduced Tax collection system — the Value Added Tax (VAT)- is killing the country’s ailing economy and businesses. “The outlook for the economy is generally favorable for 2013, but there are risks. Real GDP growth is expected to accelerate, if the recovery in crop production is sustained.
“Creating business and market opportunities for Africa’s poor is key to advancing sustainable development in the region.” UNDP Report
CAPE-TOWN, South-Africa, May 10, 2013/African Press Organization (APO)/ – Involving low-income communities in markets and businesses across Africa is essential for economic growth to translate into sustainable development, according to a United Nations Development Programme (UNDP) report released today.
CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ – A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.