News - Biznesnetwork

Ghana Fintech Awards 2023 Nominations Now Open for the Fintech Community

October 23, 2023 by Kwesi Adu Amoako

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 Renews Service Agreements, Affirms Commitment to Transparent Transactions

October 23, 2023 by Chinelo Ezeobi

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

Tesla’s 2023 Capital Expenditure Surpasses Initial Targets

October 23, 2023 by Chinelo Ezeobi

In a recent update, Tesla announced a revision to its 2023 capital expenditure, exceeding the initially set target of $7 billion to $9 billion. The electric vehicle giant attributed the increase in spending to its intensified production efforts across various factories and preparations for the launch of new models. Production Boost and Model Launches Tesla … Read more

Absa Bank Kenya Pledges Ksh100 Billion to Boost MSME Development

October 19, 2023 by Elijah Kimani

Strategic Investment for Economic Growth Absa Bank Kenya has unveiled a substantial commitment of Ksh100 billion over the next three years to bolster the development of Micro, Small, and Medium Enterprises (MSMEs) across diverse value chains. This funding initiative aims to fortify the resilience of the sector by providing seamless access to working capital, reinforcing … Read more

Safaricom has Successfully Completed the Acquisition of M-Pesa

October 19, 2023 by Kwesi Adu Amoako

Safaricom has successfully completed the acquisition of M-Pesa Holding Limited from Vodafone International Holdings BV, securing the entire issued share capital. M-Pesa Holding’s Crucial Role M-Pesa Holding serves as the corporate trustee, holding M-Pesa customer funds under the M-Pesa trust arrangement, in compliance with the National Payment System Regulations of 2014. Smooth Transaction Process The … Read more

Amazon Sets the Stage for Growth: Launching Amazon.co.za in 2024 to Empower South African Sellers

October 17, 2023 by Kwesi Adu Amoako

Amazon’s announcement to launch Amazon.co.za in 2024 marks a significant development for the e-commerce landscape in South Africa. The move is poised to empower local sellers, brand owners, and entrepreneurs of all scales, offering them a robust platform to expand their businesses. The launch is not just about providing a marketplace; it’s a strategic initiative … Read more

Zambia’s Debt Restructuring Lessons for Ghana: A Call for Prudent Measures

October 17, 2023 by Chinelo Ezeobi

Zambia’s Minister of Finance and National Planning, Mr. Situmbeko Musokotwane, has offered valuable insights to Ghana, urging the West African nation to implement restrictive laws on debt accumulation. Drawing from Zambia’s own experiences, he emphasized the importance of combining legal restrictions with comprehensive reforms to enhance credibility with creditors, the international community, and citizens while … Read more

South Africa Sparks an Electric Revolution: EV Sales Grew By 127%

October 16, 2023 by Chinelo Ezeobi

In a monumental leap towards sustainable transportation, South Africa has emerged as a trailblazer in electric vehicle (EV) adoption, experiencing an astonishing 127% growth in EV sales year-on-year. This surge not only signifies a growing awareness among South African consumers regarding EVs but also underscores the government’s commitment to fostering clean and sustainable mobility. Government … Read more

Ato Essien, Former CEO of Capital Bank, Sentenced to 15 Years Imprisonment

October 16, 2023October 12, 2023 by Kwesi Adu Amoako

Ato Essien, the former Chief Executive Officer of defunct Capital Bank, has been sentenced to 15 years of imprisonment with hard labor for failing to fulfill the terms of a plea bargain with the state. Essien pleaded guilty to 16 counts of stealing, money laundering, and conspiracy to steal in connection with the collapse of … Read more

Nigeria FX traders await U.S inflation data, as naira hit an all-time low

October 12, 2023 by Chinelo Ezeobi

The US dollar maintained a steady position, hovering close to a two-week low following the release of minutes from the Federal Reserve’s recent meeting. The minutes revealed a cautious stance among policymakers, contributing to uncertainty in the market. Key Highlights: Market Outlook: The market remains cautious, awaiting key economic indicators to gauge the trajectory of … Read more