Network International
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    • Kuda, the challenger bank for Africans, delivers free debit cards without maintenance fees across Nigeria to promote cashless payments
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Source: Network International |

Kuda, the challenger bank for Africans, delivers free debit cards without maintenance fees across Nigeria to promote cashless payments

Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as its low-interest credit offering delivered conveniently through smartphones and the web have made it particularly attractive to millennials

In a move aimed at driving its independent payment cards offering, Kuda Technologies, the challenger bank for Africans, has partnered with Network International (www.Network.ae), the leading enabler of digital commerce in Africa and the Middle East. Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as…

Clickatell
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    • Clickatell Announces Chat Commerce Platform with New Payment Capabilities
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Source: Clickatell |

Clickatell Announces Chat Commerce Platform with New Payment Capabilities

Brands can now deliver immediate value to consumers through chat

Today Clickatell (https://bit.ly/3vcSvd7), a leader in mobile communications and chat commerce, announced it will unveil new payment capabilities via its Chat Commerce Platform at Money 20/20 Las Vegas, Oct. 24-27. Clickatell helps businesses easily deploy payments in chat channels with low to no execution risk associated with regulatory considerations, payment…

Source: U.S. Agency for International Development (USAID) |

USAID Announces $11.3 million in Additional Funding for Zambia

The new funding follows USAID Administrator Samantha Power's recent meeting with Zambia President Hakainde Hichilema where the two discussed U.S. support for Zambia

The U.S. Government, through the United States Agency for International Development (USAID), has announced an additional $11.3 million in assistance for Zambia to strengthen democracy and governance and support small and medium sized agribusiness enterprises. In the two months since Zambia’s August 12 presidential election, USAID has programmed approximately $30…

African Energy Chamber
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    • A Pan-African, Pro-African Approach: Centurion Law Group Partners with African Energy Week in Cape Town, Leads Legal and Regulatory Dialogue
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Source: African Energy Chamber |

A Pan-African, Pro-African Approach: Centurion Law Group Partners with African Energy Week in Cape Town, Leads Legal and Regulatory Dialogue

The pan-African legal conglomerate is committed to advancing Africa’s business and energy sectors, and is coming to Cape Town to lead the discussion on enabling environments and opportunities created by the AfCFTA, while emphasizing regulatory reforms including Nigeria’s PIB, and proposed policies that will drive Africa’s energy future

Taking place on the 9th-12th of November at the V&A Waterfront, African Energy Week (AEW) 2021 is the first and only pan-African energy event to place African narratives at the forefront of global energy dialogue. Emphasizing Africa’s position on oil and gas, energy transition, and financing energy sector developments, AEW…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Virtual Mission for the First Review of a Staff-Monitored Program to Guinea Bissau

The review is aimed at assessing the efforts being undertaken to build a policy track record towards a possible Extended Credit Facility (ECF) arrangement in 2022

Progress on the Staff-Monitored Program (SMP) reform agenda has been satisfactory despite difficult socio-economic conditions compounded by the COVID-19 pandemic; Ensuring revenue mobilization and expenditure containment, including in the wage bill, will help to create room for spending on critical social and pro-growth areas, and to buttress debt sustainability; Strict…

International Islamic Trade Finance Corporation (ITFC)
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    • International Islamic Trade Finance Corporation (ITFC) wins Best Islamic Trade Finance Institution award at the 2021 edition of the Global Islamic Finance Awards®
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) wins Best Islamic Trade Finance Institution award at the 2021 edition of the Global Islamic Finance Awards®

The award comes as a recognition of the work being done by the institution to promote Islamic trade financing globally and the investments made in the past year in supporting OIC member States in their recovery of the Covid-19 pandemic

The Global Islamic Finance Awards has announced ITFC (ITFC-idb.org) as the winner of the Islamic Trade Finance Institution category at the 2021 edition of the Global Islamic Finance Awards. Commenting on the reception of the award, CEO of ITFC, Eng. Sonbol said: “ITFC is honored to have been once again…

Source: Islamic Corporation for the Development of the Private Sector (ICD) |

ICD provides USD 50 million financing to ALAFCO Aviation Lease and Finance Company K.S.C.P., Kuwait

ICD’s financing will strengthen the operations of ALAFCO and help it to be well prepared as economic activities and travel picks up

Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org) and ALAFCO Aviation Lease and Finance Company K.S.C.P.(“ALAFCO”) signed a four-year syndicated secured financing agreement for USD 75 million with a USD 50 million participation from ICD making it the lead financier in the transaction. While the aviation sector…

Network International
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    • Chinwe Uzoho, Regional Director West & Central Africa, Network International
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Source: Network International |

Nigerian digital bank Carbon signs with Network International to boost digital payment offering

Agreement to support greater financial inclusion among unbanked in Nigeria

Pan-African fintech startup and digital bank Carbon Bank (https://ng.getCarbon.co/) has partnered with Network International (https://bit.ly/3oT6tzT), the leading enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering. Under the agreement, Network International will issue and process physical Visa debit…

ICAP Africa Direct
Source: ICAP Africa Direct |

Why hedge your fuel costs?

ICAP Africa Direct focuses on offering a one-stop shop for African businesses and investors

Expect the unexpected The COVID pandemic has clearly demonstrated to us the folly of hoping for the best and assuming everything will be alright. Many things that two years ago we took for granted have been swept away by health concerns, government restrictions and the knock-on effects to our societies…

Source: African Development Bank Group (AfDB) |

African Development Bank debars Sino-Kenya Engineering Group Company Limited and Mr. Yuehua Bai for 36 months for fraudulent practices

During the debarment period, Sino-Kenya Engineering Group Company Limited and its affiliates as well as Mr. Yuehua Bai will be ineligible to participate in Bank Group-financed projects

The African Development Bank Group (AfDB.org), on 11 October 2021, announces the 36-month debarment of Sino-Kenya Engineering Group Company Limited and Mr. Yuehua Bai, its Managing Director, with effect from 19 August 2021. Sino-Kenya Engineering Group Company Limited is a limited liability company registered under the laws of the Republic…