The Indian government will contribute US$2mn to the Africa Digital Financial Inclusion Facility (ADFI), housed and managed by the African Development Bank, affirming its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa
Commerce
MTN Group introduces 3rd open API hackathon
MTN Group has announced the launch of its Open API Hackathon, inviting developers from multiple markets to participate in creating innovative mobile applications that utilise the MTN Mobile Money APIs for their respective markets
Paymentology and PayCard drive financial inclusion in the Republic of Guinea
Paymentology, the leading global issuer-processor, has announced its partnership with PayCard, a FinTech offering an innovative e-wallet solution linked to a prepaid card in the Republic of Guinea, in West Africa
Addis-Djibouti Corridor enhances connectivity for Ethiopia and Horn of Africa
World Bank-funded initiative has receives US$730mn grant to enhance road infrastructure and logistics efficiency
BOSS Money app makes trading and exchanging local currencies easier
IDT Corporation, a global fintech company, announced the expansion of its BOSS Money app into Francophone Africa – Senegal, Côte dIvoire, Cameroon, and Democratic Republic of Congo