African banks to invest $3 billion in fintechs in 2020, says PwC
They spent $200 million in 2014.
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Egypt: High-interest deposit certificates attract $3.5 bln
Certificates of deposit were offered to attract currency being held outside the banking system.
Private equity firm to raise $800m for purchases in African banks and insurances
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OPIC has already approved an investment of $200 million in the fund.
AfDB invests more than €23m to boost the African bond market
The AfDB stated the fund will address the perception and challenges that create barriers for investors to commit to local currency fixed income in Africa.
Malawi: Bank launches SME banking
Access to credit by SMEs will accelerate economic growth of Malawi
African Development Bank and MFW4A hosted a Partner Workshop to Accelerate Energy Access in Africa
The New Deal on Energy for Africa Mobile Payment Flagship Program and Making Finance Work for Africa hosted a partner workshop on December 9th 2016, in Abidjan, to explore pioneering business models to scale up access to sustainable off-grid energy services.
Zimbabwe: Reserve Bank cuts withdrawal charges
This new development is aimed at making banking services affordable
Standard Bank acquires majority stake in Firepay
The company is behind mobile payment platform SnapScan.
Attijariwafa Bank issues 1.5 billion dirham bond
It will finance its expansion in Sub-Saharan Africa and the Maghreb.
Attijariwafa Bank launches digital bank
The initiative will cut banking cost and increase financial inclusion