A quiet but consequential contest is playing out in the global financial architecture. One that could determine Africa’s ability to finance its own development. In recent months, powerful voices from the International Monetary Fund (IMF), the Paris Club and US investment bank JP Morgan have questioned the preferred creditor status of African multilateral development finance…
Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption at higher rates. This is according to Annelene Dippenaar, legal, risk and compliance officer at Shop2Shop, who told TechCentral in an interview that fintechs…
A draft report by the Office of the Tax Ombudsman has found that the mechanisms put in place by the South African Revenue Service to assist taxpayers who fall victim to eFiling profile hijacking are inadequate and ineffective. According to the report, which was released on Wednesday, tax practitioners are more susceptible to eFiling profile…
Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down modernisation paradigm. But the controversial…
Zimbabwe men’s T20 captain Sikandar Raza says home support will be key as the Chevrons begin their campaign in the ICC Men’s T20 World Cup Africa Qualifiers, which kick off this Friday in Harare. The tournament, running until October 4, will be staged across two venues, Takashinga Sports Club in Highfield and Harare Sports Club….
Nairobi — Ahead of the Conference of the Parties (COP30), the Second Africa Climate Summit (ACS2) in Addis Ababa is looking to mobilize billions for renewable energy, sustainable agriculture, green housing, and gender-focused financing. As climate shocks intensify across East Africa, from failed rains in Kenya’s arid north to devastating floods in Tanzania’s coastal belt,…
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…
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…
Sim Tshabalala, Standard Bank Group CEO. Standard Bank, Africa’s biggest bank by assets, ramped up its technology spend in the six months to 30 June 2025 (H125), investing a total of R3.7 billion across its divisions. The JSE-listed financial services group revealed the figures in its interim results for 2025, noting that software, cloud and…
Artificial intelligence is increasingly being used in the financial services industry. As artificial intelligence (AI) takes on a growing role in financial services, from granting loans, to automating small-business bookkeeping, banks grapple with how to use it responsibly and authorities seek to put rules in place. Ciko Thomas, group managing executive of personal and private…
