iOCO on the acquisition trail as turnaround takes hold

iOCO on the acquisition trail as turnaround takes hold

iOCO has made its second acquisition in four months. (Graphic: Nicola Mawson | Official images) Having pivoted into profitability and resolved legacy issues stemming from its time as EOH, iOCO has announced its second acquisition in four months, buying South African enterprise resource planning (ERP) solutions provider Astraia Technologies. The deal follows iOCO’s purchase of…

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Africa: Remittances to Hold Steady Despite Return of Thousands From South Africa, Says Mnangagwa Spokesperson

Africa: Remittances to Hold Steady Despite Return of Thousands From South Africa, Says Mnangagwa Spokesperson

THE return of Zimbabweans from South Africa fleeing xenophobic attacks will not affect Zimbabwe’s remittances, which account for a significant proportion of the gross domestic product, a government official has said. GeographicReferenceAccording to statistics, Zimbabwe has since recorded US$1.55 billion in diaspora remittances, a figure that is expected to double before the year-end, as per…

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Money rules ‘built for different era’ hold SA back

Money rules ‘built for different era’ hold SA back

Regulations must enable businesses to use stablecoins for cross-border payments. (Graphic made via GenAI) Proposed foreign exchange regulations risk locking South African businesses out of a fast-growing global payments system built on stablecoins. There is also an outdated understanding of how digital money actually moves, say two of the country’s leading crypto executives. In April,…

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Africa: Remittances to Hold Steady Despite Return of Thousands From South Africa, Says Mnangagwa Spokesperson

Africa Faces Mounting Risks Just As Growth Gains Take Hold

Washington DC — Sub-Saharan Africa’s economies entered 2026 with significant momentum. The region had notched its fastest growth rate in 10 years–4.5 percent in 2025–buoyed by reduced macroeconomic imbalances, rising investment levels, and a generally supportive external environment. Countries such as Benin, Côte d’Ivoire, Ethiopia, and Rwanda led the charge, with growth exceeding 6 percent….

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