The African Export-Import Bank (Afreximbank) is building an online repository of information products for importers and exporters looking to access African markets or expand existing operations across the continent. The bank’s ambition for the Trade Information Portal (TIP) is for it to evolve into the “single authoritative reference point” for

Thirteen heads of Public Procurement Regulatory Authorities from Africa have committed to using innovative technologies to enhance public procurement processes in their respective countries. The Digital Revolution in Public Procurement declaration was signed following a two-day Global Public Procurement Conference held in Washington DC from 18-19 September. According to a statement

We predict Africa’s digital-enabled commerce landscape will change drastically over the next decade – as a fragmented sphere with wanting customer experience meets the opportunities of a new, mobile and connected world. The result for the continent will be leapfrogging developed world structures and entrenching its own unique economic systems

African consumer and business spending is projected to reach a combined $6.7tn by 2030 with some reports indicating a $2.1tn consumer spending projection for as early as 2025. While it is exciting to share the continent’s potential, it is not difficult to see the many hurdles it faces: heterogeneous economies,

A South African company offering small businesses the ability to take mobile card payments has received funding to expand across sub-Saharan Africa, with multinational mobile phone company Orange leading the way. The African investment arm of French telecommunications giant Orange has announced financing for South African fintech company Yoco. Launched in 2015, the

Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent. The new digital service will reduce the cost of sending money across borders. The prohibitive charges that individuals and businesses pay to transfer money within Africa are

The future of payments ecosystems is taking shape in Africa as the continent paves the way for innovation that brings together retail, banking, financial services and mobile technology. It’s being fueled by a drive for financial inclusion – new ways to bring consumers, merchants and entrepreneurs into the formal economy.