News - Biznesnetwork

Mastercard and EMIS Forge Transformative Partnership to Catalyze Angola’s Digital Economy

August 14, 2023 by BiznetTeam

Mastercard, a global leader in financial technology, has embarked on a strategic collaboration with Empresa Interbancária de Serviços S.A (EMIS), a pivotal player in Angola’s financial landscape. The partnership aims to introduce a co-branded contactless card equipped with EMV technology, serving as a catalyst for digital transformation and economic growth in Angola. Empowering Interoperability and … Read more

Mastercard’s Strategic Move: Acquiring Minority Stake in MTN Group’s Fintech Unit

August 14, 2023 by BiznetTeam

In a move that signifies a major strategic alliance, global financial technology giant Mastercard has announced its acquisition of a minority stake in the fintech unit of MTN Group, a prominent telecommunications company. This landmark deal has placed a valuation of $5.2 billion on MTN’s fintech unit, as confirmed by MTN’s CEO Ralph Mupita. Empowering … Read more

Rising Rice Prices in Nigeria: A Complex Web of Factors Unleashes Economic Pressure

August 14, 2023 by BiznetTeam

The World Bank’s recent Food Security Update for July 2023 has sent ripples of concern through Nigeria as it highlights a troubling trend: prices of key agricultural products, exports, and cereals have surged by 6%, 4%, and a staggering 10% respectively. Even more unsettling, the prices of Maize and Wheat have skyrocketed, concluding July at … Read more

Fostering Intra-African Trade: Presidents of Mozambique and Kenya Emphasize Collaboration at Business Forum

August 14, 2023 by BiznetTeam

In an effort to harness the vast potential of trade between African nations, the Presidents of Mozambique and Kenya convened in Maputo on August 11th. In a resounding call to action, the leaders underscored the importance of bolstering trade ties within the continent and leveraging existing tools and agreements to foster economic growth and development. … Read more

Mozambique Grapples with Soaring Fuel Import Costs: A Closer Look at the First Quarter

August 11, 2023 by BiznetTeam

Mozambique, a nation grappling with economic dynamics, has witnessed a staggering 55.5% surge in its fuel import bill during the initial quarter of this year, a substantial escalation compared to the corresponding period in the preceding year. According to data meticulously compiled by the Bank of Mozambique (BoM), this financial transition saw the import costs … Read more

Standard Bank Takes Cautious Approach to Cryptocurrencies Amid Market Evolution

August 11, 2023 by BiznetTeam

As the world of cryptocurrencies continues to evolve, Standard Bank, Africa’s largest financial institution, is adopting a measured stance, choosing to observe developments rather than hastily entering the market. “We move with the world, but you don’t want to be the leaders on some of these things,” commented Lungisa Fuzile, Chief Executive Officer of Standard … Read more

South African Department of Home Affairs Extends Saturday Services for Increased Access

August 11, 2023 by BiznetTeam

The Department of Home Affairs continues to make strides in enhancing accessibility to its services, particularly for clients who find it challenging to visit their offices during weekdays. The expansion of services to Saturdays has been a boon for those seeking crucial documents and assistance. This initiative, aimed at facilitating convenience and efficiency, applies to … Read more

US Ambassador Expresses Concern Over Potential Repercussions of Anti-LGBTQ+ Law on Trade and Investment in Ghana

August 11, 2023 by BiznetTeam

In a thought-provoking statement, the US Ambassador to Ghana, Virginia Palmer, has issued a cautionary note about the possible implications of Ghana’s proposed Anti-LGBTQ+ law on the nation’s trade and investment landscape. Ambassador Palmer’s remarks underscore the potential fallout of enacting legislation that discriminates against LGBTQ+ individuals. She emphasized that such a move could not … Read more

China Opens Visa Application Centre in Accra to Boost Trade and Bilateral Relations

August 11, 2023 by BiznetTeam

Accra, August 11, 2023 – In a move aimed at further strengthening trade ties and fostering bilateral relations, China has inaugurated a visa application centre in Accra. The centre, which officially opened its doors on Friday, August 11, 2023, is set to provide seamless and high-quality visa services to Ghanaians seeking to travel for business, … Read more

Moove Secures $76 Million Funding to Drive Mobility Fintech Innovation

August 10, 2023 by BiznetTeam

Moove, the pioneering mobility fintech company, has unveiled a significant milestone by raising $76 million in new funding. This latest funding round comprises a diverse mix, including $28 million in equity from both new and existing investors, led by Mubadala Investment Company (Mubadala), $10 million in venture debt from funds and accounts managed by BlackRock, … Read more