NEWS

An EFSA member, Paystack, which is headquartered in Nigeria, has been acquired by global payments leader Stripe in a deal said to be worth more than US$200 million. Paystack is a payments company that…

Econet, a major mobile operator, launched a mobile money service called Ecocash in 2011 as the result of the long-lasting economic crises – hyperinflation, currency instability and a collapse of the formal financial system.…

When Jumia closed Shop in Tanzania in November 2019 multiple ecommerce platforms suddenly sprung up to replace it, from food and grocery delivery apps to ‘online malls’ that sell commercial goods, in a market still relatively…

A Kampala High Court has held that cross-border lending is illegal if done without the Central Bank’s permission. This has upset East Africa’s syndicated loan market.  However, according to ENSafrica an appeal is being organized which has a good chance…

The Independent Communications Authority of SA (ICASA) has issued its 2020 State of the ICT Sector report. This points out that fibre-to-the-building Internet subscriptions rose from 31,843 recorded in 2015, to more than 1.6…