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
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
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
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
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
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