Browsing: API

Mustafa Eid, Nader Abdelrazik and Anisha Sekar, co-founders, MoneyHash.

The funds which are an extension of an undisclosed six-figure raise MoneyHash announced last June from investors including Ventures Platform, Kepple Africa Ventures, LoftyInc Capital and lead COTU Ventures is aimed at fast-tracking the firm’s growth in the Middle East and Africa. 

MoneyHash started in Egypt early last year, allowing 17 companies to use its sandbox environment to connect with its API and access payments gateways such as Fawry, Paymob and PayTabs.

As more companies opt to digitize their operations across the board, most firms initially work with one or two payment processing providers. …

Over a couple of decades, cash and mobile app money transactions such as M-Pesa have dominated the financial space, but with its growth, there is a new collaboration with Fintechs set in place to capture the price-sensitive market with improved innovation and open-loop digital solutions in East Africa.

Financial technology (Fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners, and consumers to better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.

The International President of Ukheshe Technologies Mark Dankworth, firmly believes that the region is poised for a surge in digital banking growth, with the likes of MCQR and virtual cards likely to make the biggest impact.

This follows the Kenyan retail-tech startup, Tanda which …

The Carrieres et Chaux du Mali. The company has received funding from the IFC to increase output of lime in Mali.

In August 2020, Mali had a bloodless coup carried out by military officers leading to the country’s President Ibraham Boubacar Keita and Prime Minister Boubou Cisse resigning.

The coup came after months of protests against Keita’s administration. 

News like this has dominated the country’s narrative but little has been said about its economy and growth. 

According to the African Development Bank (AfDB) Group, Mali’s economy has remained resilient despite the security crisis.  The West African country recorded a 5 per cent real GDP growth in 2019 driven by favourable gold and cotton production. It had a budget deficit of 3.1 per cent of GDP and 0.4 per cent inflation while public debt stood at 35.5 per cent of the GDP at the end of 2018.…

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