Commerce

HPS, Absa roll out PowerCARD across Africa

donald giannatti Wj1D qiOseE unsplashPayment solutions provider HPS has completed the modernisation of Absa’s African Operations outside of South Africa (ARO) acquiring payments infrastructure journey

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Bango expands presence in Africa with new Google Play launches

mika baumeister QIpLrHJiv2o unsplashMobile commerce company Bango has launched carrier billing routes in Google Play store for new operators in Asia, Latin America, and Africa

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Mastercard Farmer Network and Kasha are connecting people across East Africa

mastercard caf 20The Mastercard Lab for Financial Inclusion – the technology company’s first lab focused on financial inclusion – is committed to empowering millions of Africans through the use of public-private partnerships, and the innovation of locally relevant technology solutions

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Electronic trade rekindling sales for African businesses during COVID-19

adeolu eletu unRkg2jH1j0 unsplashDuring a livestream session on 14 May 2020, coordinated by the Alibaba Business Group to position small-scale world brands on the Electronic World Trade Platform (eWTP), 300 bags of a coffee product were sold in just one second which lay fallow hitherto in storehouses in Rwanda due to COVID-19 lockdown

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EIB, BDC provide US$100mn to finance SMEs in Egypt

scott graham 5fNmWej4tAA unsplashThe European Investment Bank (EIB) has signed a US$100mn financing agreement with Banque du Caire (BDC) to finance Egyptian small and medium-sized enterprises (SMEs) investments in the manufacturing and services sectors

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