Economy

Jul
27
2023
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By Ahmed Ture
Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Breaking, Economy, Technology, , ,
Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: https://youtu.be/EGIMo97rddM “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing…
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Jul
18
2023
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By Ahmed Ture
According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

Africa, Economy, Technology, World News, , , , ,
Even if state-level cooperation and private investment in the most lucrative sectors of Zimbabwean production are growing between Zimbabwe and Russia, some Russian businesses are exiting the market and selling their holdings there. For instance, numerous businesses recently sold for $90 million. These diamond mining firms are permitted to operate in Bulawayo. Several reports claim that the sale was completed quickly; the reasons behind this have not yet been made public. The amount paid by the buyer, who has not yet been named, was decreased due to the urgency with which the sale needed to be completed. The issue of…
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Jul
17
2023
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By Ahmed Ture
At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

Africa, Breaking, Economy, Politics, , , ,
At the fifth Mid-Year coordination conference of the African Union, which took place on Sunday, July 16, African leaders gathered in Gigiri, Nairobi County. Among other things, the summit sought to resolve important problems with African integration and labor distribution. The President of Kenya presided over the meeting. William Ruto demanded that the AU be reformed with an emphasis on the organization's financial independence. The leader declared, "The pan-African movement has always been about sovereignty and agency. "First and foremost, chronic reliance, even on well-intentioned partners, is at odds with the desire for autonomy, self-determination, and agency. And because of…
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Jul
15
2023
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By Ahmed Ture
Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Breaking, Economy, Technology, ,
Hello Customer, It's time to make purchases abroad and take advantage of frictionless transactions.Your Naira cards, which include Visa, Mastercard, and ALAT Mastercard, can now be used for purchases abroad. You can receive up to $500 per month on your foreign transactions. Here’s what you need to know: Expanded Possibilities: The Naira card gives you the freedom to shop at your favorite foreign retailers, browse foreign internet sites, and make overseas transactions. I tell you what. Now, the entire world is at your fingertips! Monthly Limit: A $500 monthly spending cap is imposed on overseas transactions to give you greater…
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Jul
09
2023
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By Ahmed Ture
The desire to foster greater banking competition in Ethiopia

The desire to foster greater banking competition in Ethiopia

Africa, Breaking, Economy,
By Comr Amos Kalu The National Bank of Ethiopia unveiled new plans in May to let foreign competition enter the nation's banking industry. The state-owned Commercial Bank of Ethiopia currently controls the nation's banking sector. According to a 2019 estimate by Cepheus Growth Capital Partners, an investment management company with headquarters in Addis Ababa, the bank holds 62% of the country's assets and deposits. There are 29 banks in total in the nation, all of which are privately owned. Ethiopia intends to allow foreign competition in the nation's banking industry. What does this mean for businesses and people? However, the…
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