“Tyme Group sets sights on Vietnam as perfect fit for fully digital banking services”

2023-05-23 12:15:00 (Ecofin Agency) – The banking group, which claims more than 6 million customers in South Africa and the Philippines, believes that the Vietnamese market is perfectly suited to its business model focused on fully digital banking services. Tyme Group, the neobank majority-owned by South African billionaire Patrice Motsepe, plans to set up shop … Read more

“The African Banking Landscape: Traditional Banks Accelerating Digital Transformation to Combat Rising Fintech and Neobanks Threat”

2023-05-22 04:06:00 (Agence Ecofin) – Faced with the offensive of agile “game changers” such as fintech, neobanks and mobile phone operators, traditional African banks are trying to jealously defend their backyard by accelerating their digital transformation. After ignoring their rise for several years, African banks are now looking very suspiciously at fintechs, neo-banks, and even … Read more

“Moroccan logistics and warehousing provider, Building Logistics Services (BLS), opens capital to French investor STOA for infrastructure projects in Africa”

2023-05-11 03:24:00 (Agence Ecofin) – This subsidiary of the Moroccan investment holding company H&S Invest Holding will open its capital to the French investor STOA, involved in infrastructure projects in Africa. The operation started should be finalized by the end of June 2023. STOA, a French investment vehicle that invests equity and quasi-equity in infrastructure … Read more

“Scarcity of Funding: The state of African Tech Start-ups Q1 2023”

2023-05-08 03:21:00 (Ecofin Agency) – While macroeconomic uncertainties weigh on investors’ ability to plan for the medium and long term, the cooling of the private equity market is increasingly felt on the continent. This scarcity of funding is pushing several start-ups to cut their workforce. Fundraising by African start-ups in the first quarter of 2023 … Read more

“Double Loss Looming for African Households: Low Oil Prices but High Gasoline Costs”

2023-05-05 17:56:00 (Ecofin Agency) – While crude oil prices are still at a low level on international markets, for African households a double loss is looming on the horizon: their oil will be sold cheaper, while they will have to continue to pay a high price for gasoline. On the international markets, the price of … Read more

“Natural Gas Flaring in Nigeria: A Persistent Phenomenon Causing Significant Shortfall – NOSDRA Report”

2023-05-04 16:21:00 (Agence Ecofin) – Despite the efforts made by the Nigerian government to limit the flaring of natural gas, the phenomenon persists, causing a significant shortfall for the State. In Nigeria, the National Oil Spill Detection and Response Agency (NOSDRA) published, Wednesday, May 3, the data concerning gas flaring in the first quarter. Over … Read more