Source: Paxful |

Paxful announces strategic partnership with global cryptocurrency exchange OKEx

The partnership offers more bitcoin payment options for users in developing regions as P2P trade surges in South Africa and Nigeria

Paxful, a leading peer-to-peer bitcoin marketplace (https://Paxful.com) that aims to bring financial inclusion and access to the underbanked and unbanked in developing countries, has joined forces with OKEx (https://www.OKEx.com/), one of the world’s largest and most diverse cryptocurrency spot and derivatives exchanges. The strategic partnership will offer several payment methods…

Islamic Development Bank Group (IsDB Group)
Source: Islamic Development Bank Group (IsDB Group) |

Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package and to launch three supportive and robust initiatives in partnership with UAE Ministry of Economy and AIM

A prime goal behind the initiative is to promote and provide a robust platform for the investment and prosperous trade opportunities in Member Countries

A crowd of over 1000+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs, Multilateral and financial institutions, Chairmen, Presidents & CEOs of local/international companies, Chambers of Commerce & Industry and Investment promotion agencies, came together to celebrate in the IsDB Group (https://www.IsDB.org/) Private…

Vodacom Tanzania Plc
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    • Assistant Manager, Oversight and Policy at Directorate of National Payment Systems from Bank of Tanzania, Albert Cesari (centre), in a group photo with Vodacom Tanzania Executive Committee members including WorldRemit Tanzania Country Director Cynthia Ponera (second left) during International day of family remittances event held in Dar es Salaam
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Source: Vodacom Tanzania Plc |

Send money to Tanzania from anywhere around the World

Vodacom customers will now have the option and ability to easily transfer and receive funds from individuals across more than 200 countries worldwide

Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa; The mobile Money services continues to drive economic growth and financial inclusion in Africa. Tanzania’s leading mobile money service provider – Vodacom M-Pesa - has announced the expansion of its International Money Transfer service portfolio. Vodacom customers will now…

Source: International Labour Organisation (ILO) |

African ministers, social partners join International Labour Organization (ILO) high-level summit on COVID-19 and the World of Work

The pandemic has devastated the world of work, causing massive human suffering and exposing the extreme vulnerability of millions of workers and enterprises on the continent

More than 50 African ministers of labour or employment, along with representatives of workers’ and employers’ organizations and international organizations joined the International Labour Organization (www.ILO.org) Regional Office for Africa on Thursday, 2 July for a virtual forum to discuss how to address the economic and social impact of the…

Paxful
Source: Paxful |

Global Marketplace Paxful Taps South African-Born Youth, to help Launch a Global Entrepreneurship Program

Paxful is shining the spotlight on the opportunities the fast-growing bitcoin economy has to offer the youth

In a recent report titled, Workforce of the future 2030 (https://pwc.to/2VGoF0a), PWC contends that by 2030: “Africa will be home to more than a quarter of the world’s population of under 25’s. Under 25’s in total will make up 60% of the continent’s total population. By then, 15% of the…

Source: African Development Bank Group (AfDB) |

African Development Bank joins World Trade Organisation (WTO) and other Multilateral Development Banks (MDB)s to support trade finance amid COVID-19 crisis

Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up their trade finance programs to support essential imports and key exports

The African Development Bank Group (www.AfDB.org) has joined the World Trade Organisation and other multilateral development banks to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic. In a joint press release (https://bit.ly/38lkzjl) issued 1 July 2020, the institutions said they would prioritize their support to areas…

Source: International Islamic Trade Finance Corporation (ITFC) |

Joint Statement by heads of multilateral development banks and the World Trade Organization (WTO) on supporting trade finance during the COVID-19 crisis

Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up trade finance programs to support essential imports and key exports

The COVID-19 pandemic has provoked the deepest economic downturn of our lifetimes. In addition to the ongoing shocks to supply and demand, international trade has been affected by a reduction in the supply of trade finance. Risk perceptions about non-payment in international trade are at the highest levels in a…

Source: African Development Bank Group (AfDB) |

Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

The NDEA called for a substantial increase in investments to realize the Bank’s High 5 priority to “Light Up and Power Africa”

By Dr. Kevin Kariuki Five years into the African Development Bank’s (https://www.AfDB.org/) ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa

Murabaha financing agreement delivers critical support for thousands of farmers exporting food commodities across the continent as COVID-19 impacts global food commodity prices

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a US$200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors. The facility seeks to help African countries address some…

Islamic Development Bank Group (IsDB Group)
Source: Islamic Development Bank Group (IsDB Group) |

Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting to Host a Live Webinar

The webinar entitled, “IsDB Group Private Sector Action Response to COVID-19” will discuss the challenges facing the private sector and global economy during the COVID-19 outbreak

The Islamic Development Bank Group (www.IsDB.org) in partnership with the UAE Ministry of Economy and Annual Investment Meeting, will conduct a live webinar entitled “IsDB Group Private Sector Action Response to COVID-19” on the 6th of July at 01:00 PM (KSA Time) to discuss the challenges facing the private sector…