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We are living in an unprecedented period. Like the rest of the planet, the African continent has been on an economic roller coaster since the beginning of 2020. At a time when we seem to be approaching the end of the crisis period, the African
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Branching Out
Standard Bank says South Africa needs a new banking model Standard Bank plans new partnerships in products and distribution as it seeks to sustain its first-half recovery, head of South Africa Lungisa Fuzile tells The Africa Report.Sleeping Giants
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Will AI risk analysis really expand access to credit in Africa? By analysing new-age mobile and web data, fintechs are starting to expand credit to individuals and SMEs without financial footprints. But concerns remain about reliability of the metrics used and customer privacy.hello cash cow
Nigeria: MTN and Airtel furious at being locked out of mobile money market After years of uncertainties, Nigeria’s Central Bank finally gave the green light to mobile phone companies to offer mobile money services. However, the licence was issued to only two of the four biggest telecom operators in Nigeria – the domestic players, not the foreign-owned ones. The Africa Report has learnt that MTN and Airtel have been making tremendous efforts to get the regulator on their side, but to no avail. Why is the CBN keeping them out, and what is at stake for the players? What does this say about Nigeria as a destination for Foreign Direct Investment?