Ecobank Ghana’s micro loans product, XpressLoan on MTN Mobile Money, has achieved a significant milestone, disbursing nearly US$600 million to 3.2 million Ghanaians. This digital financial success was disclosed by Elhanan Owureku Asare, a Senior Banker and Digital Transformation Specialist at Ecobank, during the FinTech Summit at the Mobile World Congress Africa 2023 in Rwanda. … Read more
British Airways is taking its commitment to providing enhanced services to new heights, particularly for travelers departing from Accra. This week marks a significant development as the airline introduces an additional route from Accra to London Gatwick, complementing the existing daily flights to London Heathrow. New Horizons: Accra to London Gatwick Passengers now have more … Read more
South Africa’s National Treasury discloses its most substantial budget deficit since 2004, signifying a profound imbalance between government expenditures and revenues. The national debt has soared to R143 billion ($7.54 billion) by July 2023, surpassing economists’ forecasts. Causes of the Deficit Projected Budget Deficit The budget deficit is anticipated to reach 6.5% of GDP in … Read more
The recent report by the GSM Association (GSMA) and the UK’s Department for Business and Trade sheds light on the impact of e-commerce on micro, small, and medium enterprises (MSMEs) in Africa. While the potential for growth is evident, the continent lags in fully leveraging the e-commerce opportunity. The report, launched during MWC Kigali, unveils … Read more
Kenya’s economic landscape is facing a significant shift as the Central Bank Governor, Dr. Kamau Thugge, openly admits that the exchange rate of the Kenya Shilling against major currencies has been artificially overvalued. This revelation comes after years of maintaining a strong exchange rate, leading to severe pressure on the country’s foreign exchange reserves. The … Read more
Greetings, eco-enthusiasts and financial wanderers! Today, we embark on a journey to demystify Verra carbon credits. For those of us still wrapping our heads around this whole ‘carbon credits’ business, fear not—I’ll break it down. Does Verra Sell Carbon Credits? Not exactly. Verra, my friend, is more like the guardian of the carbon credit kingdom. … Read more
As Tesla continues to dominate the electric vehicle (EV) market, there’s more to their success story than sleek cars and cutting-edge technology. One intriguing aspect is Tesla’s involvement in the world of carbon credits. Let’s unravel the mystery and explore the key questions surrounding Tesla’s carbon credits. How Much Does Tesla Get in Carbon Credits? … Read more
In the world of investing, where opportunities seem endless, a growing interest has emerged in sustainable and environmentally conscious options. One such avenue gaining traction is investing in carbon credits. If you’re new to this concept, let’s explore the basics and answer some common questions. What Are Carbon Credits? Carbon credits are a crucial component … Read more
The Ghana Fintech and Payment Association has announced the commencement of nominations for the highly anticipated Ghana Fintech Awards 2023. This initiative invites active participation from the vibrant financial technology (fintech) sector, encompassing digital financial service providers, mobile money operators, and commercial banks. Call for Nominations: A Platform for Recognition The nomination process, open to … Read more
Airtel Africa plc has made an official announcement regarding the renewal of existing service agreements with Bharti Airtel Limited (BAL) and its subsidiary Bharti Airtel International (Netherlands) B.V, (BAIN). This renewal signifies a strategic move by Airtel Africa to uphold and strengthen its operational framework and financial functions. The services encompass financial, operational, and corporate … Read more