Africa: ‘World Bank Was Not Created for U.S.’

Africa: ‘World Bank Was Not Created for U.S.’

During a candid and thought-provoking fireside chat at the ongoing Intra-African Trade Fair (IATF 2025), former Nigerian President, Olusegun Obasanjo, issued a powerful warning to African leaders: global financial institutions like the World Bank and IMF were not designed to serve Africa’s development interests. Moderated by CNBC Africa’s Fifi Peters, the session examined Africa’s trade…

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Africa: ‘World Bank Was Not Created for U.S.’

Afreximbank and Shelter Afrique Development Bank (ShafDB) Forge Strategic Partnership to Unlock US$1 billion in investments

African Export-Import Bank (Afreximbank)  and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement. This strategic partnership aims to unlock a cumulative investment value of at least US$1 billion and is set to significantly transform housing and urban development across the continent and boost trade and investment. Signed…

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Reserve Bank bets on PayInc to fix South Africa’s digital payments gap

Reserve Bank bets on PayInc to fix South Africa’s digital payments gap

PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…

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Banks should review PayShap fees – Standard Bank

Banks should review PayShap fees – Standard Bank

Standard Bank’s Nthabiseng Mohale Banks should review their pricing strategies for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the launch of…

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Banks should review PayShap fees – Standard Bank

Banks should lower PayShap fees – Standard Bank

Standard Bank’s Nthabiseng Mohale Banks should consider lowering the fees they charge for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the…

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