African Business Central

In the 170 years since Western Union was founded, no company has managed to solve two basic problems that continue to bedevil the remittance business — exorbitant fees and slow deposit times...

https://www.africanbusinesscentral.com/2021/04/15/these-undergraduates-left-university-to-build-flux-a-payments-startup-now-in-y-combinator/

Paternalism and racism must be tackled if the EU is to rebuild trust with a young, economically dynamic continent.

https://www.africanbusinesscentral.com/2021/04/15/europe-can-only-fix-its-relationship-with-africa-if-it-exorcises-its-colonial-ghosts/

Twitter Inc. is planning to hire its first product and engineering team in Africa, an effort to expand its workforce in emerging markets where the social media company hopes to attract new use...

https://www.africanbusinesscentral.com/2021/04/14/twitter-to-open-accra-office-to-hire-first-product-and-engineering-teams-in-africa/

Over the last year, the COVID-19 pandemic has fueled a shift towards digital banking and mobile money. In Africa, this change in habits has international investors eyeing the lucrative opportu...

https://www.africanbusinesscentral.com/2021/04/12/after-200-million-acquisition-deal-nigerias-paystack-plans-to-get-africa-paid-video/

Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services.

https://www.africanbusinesscentral.com/2021/04/11/nigerian-fintech-of-the-unbanked-bankly-raises-2m-led-by-vault/

One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa’s ver...

https://www.africanbusinesscentral.com/2021/04/11/why-silicon-valley-style-investment-doesnt-work-for-african-startups/

Africa continues to be the global leader in mobile money services, a position boosted by the Covid-19 pandemic, which forced people to turn to digital services as a safer transaction method th...

https://www.africanbusinesscentral.com/2021/04/08/half-of-the-worlds-mobile-money-services-are-in-africa/

The $100 million investment from global payments giant Mastercard in the mobile money business arm of Airtel Africa announced last week is a sign of the rapid growth and optimism in Africa’s...

https://www.africanbusinesscentral.com/2021/04/08/mastercard-invests-100-million-in-airtel-africa-mobile-money/

Nigeria’s biggest lender Access Bank has invested around $60 million to acquire a stake in South Africa’s Grobank, its chief executive said last week, to become the first Nigerian lender t...

https://www.africanbusinesscentral.com/2021/04/07/nigerias-access-bank-buys-60-million-stake-in-south-africas-grobank/

A generation of young people is embracing age-old customs in a modern way and changing the narrative of Rwanda's troubled past.

https://www.africanbusinesscentral.com/2021/04/06/kigali-is-a-city-with-a-new-story-to-tell-video/

Chinese ride-hailing company DiDi Chuxing recently started operations in South Africa, according to Reuters.

https://www.africanbusinesscentral.com/2021/04/05/didi-chuxing-expands-to-south-africa-to-take-on-bolt-and-uber/

Guaranty Trust Bank Plc, Nigeria’s biggest lender by market value, plans to acquire a Kenyan lender as part of its expansion on the continent, according to the managing director.

https://www.africanbusinesscentral.com/2021/04/05/nigerias-guaranty-trust-bank-plans-kenyan-acquisition/

Imagine for a moment that time travel is possible. What would you go back and tell your younger self?  Perhaps it would be to take more risks, or to not let others steal your joy. For Miishe...

https://www.africanbusinesscentral.com/2021/04/02/dont-wait-till-its-perfect-just-do-it-ghanaian-ceo-miishe-addy-is-pioneering-her-own-path-video/

Nigeria’s first deep sea port is at 48 percent completion and will begin commercial operations in the first quarter of 2023, an official said last month.

https://www.africanbusinesscentral.com/2021/04/01/nigerias-first-deep-sea-port-to-operate-in-2023-says-lagos-governor/

Swift action and a focus on three imperatives could strengthen African banks and support recovery.

https://www.africanbusinesscentral.com/2021/04/01/african-banking-in-the-new-reality-mckinsey/

West African film-streaming service iROKOtv will seek to list on London’s Alternative Investment Market within the next 12 months, CEO Jason Njoku says.

https://www.africanbusinesscentral.com/2021/03/31/nollywood-set-to-hit-the-stock-market-as-irokotv-targets-londons-alternative-exchange/

Five strategic considerations to help guide insurance companies on their journey to success in Africa.

https://www.africanbusinesscentral.com/2021/03/30/africas-insurance-market-is-set-for-takeoff-mckinsey/

Protestors against police brutality are still being targeted by the Nigerian government, which is itself avoiding accountability.

https://www.africanbusinesscentral.com/2021/03/27/nigerias-endsars-protesters-still-face-frozen-bank-accounts-and-jail-time/

For small and mid-sized restaurants in Nigeria and most of Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or have c...

https://www.africanbusinesscentral.com/2021/03/27/backed-by-yc-vendease-is-building-amazon-prime-for-restaurants-in-africa/

Thanks to the interpersonal skills of its influential founders, Donald Kaberuka and Lionel Zinsou, SouthBridge has established itself on the African continent's financial scene. But can it cat...

https://www.africanbusinesscentral.com/2021/03/27/the-pan-african-ambitions-of-southbridge-investment-bank/