$100m facility aims to unlock African supply chain finance

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has signed a $100-million risk-sharing facility for supply chain finance with Citi, a global leader in trade and supply chain finance solutions. The new...

Insurance ombuds give almost R400m back to consumers

The insurance ombuds put almost R400-milion back in the hands of consumers who complained in the past financial year. In a joint 2021 annual report, the ombudsman for long-term insurance (OLTI) noted that R200-million was recovered for complainants while the ombudsman...

Big growth for end user spend via carrier billing

The value of end-user spend on digital goods via carrier billing will exceed $74-billion by 2026, up from $54-billion in 2022, according to a new study from Juniper Research. This growth of over 37% reflects the increasing relevance of carrier billing as an option for...

Airport digitalisation could boost African economic recovery

Critical airport worker and capacity shortfalls in Africa that threaten to keep flights and passengers grounded and impede the continents’ economic recovery can be rapidly and affordably addressed with the adoption of trusted, secure cloud-based solutions. This...

Metaverse could add $3trn to global GDP

The metaverse has the potential to add an estimated $3-trillion to the global economy in a decade if adoption and growth are similar to mobile technology. Estimates are that the metaverse could add $40-billion in sub-Saharan Africa alone – a 1,8% contribution to...