Nedbank gets R2.9bn loan to drive renewables in SA
The big-four bank receives a $200 million loan from the International Finance Corporation to drive renewable energy projects in South Africa.
SA fintech group Adumo gets R225m from World Bank member, IFC
The company will use the funds to expand access to electronic payment solutions, especially for underserved small and medium businesses.
US families oppose MTN motion in Afghan terrorism lawsuit
The families argue the operator “purposefully availed” itself to the US by obtaining funding and insurance guarantees from US-based units of the World Bank.
South Africa misses out on digital identity possibilities
The South African government must recognise the infinite opportunities presented by the mass adoption of a digital identification system, say industry insiders.
Facebook creates multimillion-rand grant for SA small business
The social media giant says the grant will assist local companies with cashflow in an effort to stimulate the COVID-hit economy.
WorldRemit wants radical remittances shift in Africa
The online money transfer service calls for a huge shift from informal to formal remittances through faster adoption of digital financial services.
MTN asks US court to dismiss anti-terrorism damages claim
Complainants allege MTN paid bribes to al-Qaida and the Taliban to avoid investing in expensive security for its transmission towers.
COVID-19 hits Africa remittances, World Bank urges digital platform use
The World Bank projects a 20% decline in global remittances, urging service providers and authorities to introduce measures to ease use of mobile money platforms.
Mastercard to bring 500m people into digital economy in 2020
The fintech company says it is well on its way to achieving its goal of bringing financial inclusion to hundreds of millions across the globe this year.
SWIFT hackathon seeks cross-border payment solutions
The hackathon aims to identity new solutions to reduce costs in cross-border payments into and within Africa.
Africa loses $2bn from Internet shutdowns
Algeria, Chad, DRC, Ethiopia and Zimbabwe were among the worst offenders in terms of the amount of time the Internet was disrupted.