Global mobile money transactions surpassed US$2-trillion in 2025, doubling in just four years, according to the GSMA’s latest State of the Industry Report on Mobile Money. The mobile telecommunications industry body said it took 20 years for mobile money to reach its first trillion dollars in annual transaction value, but only four years to double…
Mobile money accounted for $2 trillion in transactions in 2025. (Image source: 123RF) In 2025, more than $2 trillion flowed through mobile money wallets, a figure that has doubled from the first trillion in just four years. The heightened transaction flows are spurred by the continued growth of active accounts, which now sit at 2.3…
Most partners only start paying attention to a Cisco Enterprise Agreement when it is close to expiring. That is usually where the pressure begins. The scramble to understand what has been consumed, the questions around support status, the late discovery of end-of-life products, the pricing conversations that should have happened months earlier. By the time…
Attorney-General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, SAN, has warned that money laundering, including terrorist financing, are significant threats to the stability of Nigeria’s economy and the West African sub-region. Fagbemi sounded the warning on Tuesday in Abuja at the national Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Media…
For African music, 2024 was a landmark year. The International Federation of the Phonographic Industry (IFPI) confirmed that Sub-Saharan Africa’s recorded music revenue surpassed $100 million for the first time, reaching $110 million with a growth rate of 22.6 percent, making it the fastest-growing region in the world. Driven by the global boom of Afrobeats…
In a bid to stop students from spending their loans on online gambling, the National Gambling Board and the National Student Financial Aid Scheme (Nsfas) are working on targeted interventions to tackle the scourge. This follows the release of a study by the South African Responsible Gambling Foundation last year that found that nearly 45%…
Valentine’s month is full of heart-to-hearts about commitment and sharing a life together. What rarely makes the highlight reel between the chocolates and candlelight, however, is that building a life together involves – and needs – money. How couples organise their finances is one of the most important decisions they’ll ever make, yet many people don’t…
‘Please Call Me’ inventor Nkosana Makate. ‘Please Call Me’ creator Nkosana Makate says Black Rock Mining’s claim that he owes it money is fraudulent, and there is no basis for arbitration to secure 40% of his settlement with Vodacom, South Africa’s second-largest mobile operator. In December, British Virgin Islands-registered Black Rock Mining lost its battle…
National Gambling Board data shows about R1.5 trillion was wagered in SA’s gambling industry in 2024–2025. South Africans are diverting money they are supposed to spend on groceries to try their luck on online gambling. This is one of the biggest findings from a study conducted by Durban-based market research firm Trade Intelligence. The online…
President Donald Trump’s deals with pharmaceutical companies are likely to have only a limited impact on Americans’ drug spending, experts say. Since Sept. 30, the Trump administration has struck deals with 14 drugmakers in exchange for tariff relief, according to the White House. The agreements — which haven’t gone into effect yet — adopt a…
