South Africa to spend US$5.7bn on IT services in 2015
A report by International Data Corporation (IDC) has stated that South Africa is likely to spend US$5.7bn on IT services sector in 2015
Commerce
Safaricom to launch cashless payment service on M-Pesa
Kenya’s mobile operator Safaricom has been given the approval by the Central Bank of Kenya (CBK) to begin its cashless fare payment service on M-Pesa
Heritage Bank deposits 20 per cent for business acquisition
Nigerian commercial bank Heritage Banking Company has put down the 20 per cent initial deposit needed by the Asset Management Corporation of Nigeria (AMCON) to secure acquisition rights for the assets of Enterprise Bank
Millicom and Kalixa to create online payment service in Africa and Latin America
Swedish telecom company Millicom has entered a joint venture (JV) with online payment service Kalixa to create a payment process in Africa and Latin America
Kenyan bank launches mobile and Internet applications for easy banking
The National Bank of Kenya (NBK) has introduced mobile and Internet applications for smoother customer transactions
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