Thomas Mukoya/Reuters Airtel Africa on Friday delayed the planned public listing of its mobile money business to the second half of 2026 and forecast a near-term margin squeeze due to higher costs arising from the ongoing US-Israeli war against Iran. The war has triggered an unprecedented crunch in crude supplies from the Middle East and…
Oslo — “All illicit financial flows are immoral, with deeply negative effects on people and planet.” As humanitarians scramble for cash, high-profile calls for “innovative finance” are proliferating – often with the intention of tapping the private sector to further aid policy objectives. A new report, however, takes an arguably more effective approach, highlighting the…
The woman has been sentenced to a year in jail for laundering money for her son who is imprisoned in Cambodia.
As parents contend with rising costs and an overall tighter economic climate, more of them are using those challenges as an opportunity to have frank talks with their kids about money, according to a recent survey. Honest conversations — including telling your kids “no” when they ask you to buy something, and explaining why —…
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%…
