Africa: Financial Inclusion – Policy Fragmentation, Dollar Dependence Stall Cross-Border Payments in Africa

Africa: Financial Inclusion – Policy Fragmentation, Dollar Dependence Stall Cross-Border Payments in Africa

Many cross-border transactions still rely on the US dollar as an intermediary currency. At the same time, African currencies are often difficult to exchange directly, and few mechanisms exist for countries to settle payments with one another in local currencies. Cross-border payments in Africa remain among the most expensive in the world, despite the rapid…

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15 months in, Solly Malatsi defends his record as critical ICT reforms stall

15 months in, Solly Malatsi defends his record as critical ICT reforms stall

Communications minister Solly Malatsi has said he and his department are making steady progress in resolving the “complex issues” within his portfolio but also admitted that some things are taking longer than they should. Fifteen months after being sworn in to lead the communications portfolio, TechCentral queried Malatsi’s team with pointed questions about his performance…

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