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How mobile money can lead a fintech revolution in Africa
If you are reading this blog-drawn by current buzz around financial technology and the "fintech" reference in the title, and its promise to democratize financial services-then it is probably a safe bet to assume that you have heard of M-Pesa.
This mobile payments system started in Kenya in 2007 now boasts 30 million users in 10 countries, with other competitors, such as MTN Money and Orange Money, also operating around the continent.
The use of mobile money has grown exponentially over the past 10 years, making the region the global leader in mobile money innovation, adoption, and usage. M-Pesa services are now offered in countries as diverse as Albania, D.R. Congo, Egypt, Ghana, India, Kenya, Lesotho, Mozambique, Romania, and Tanzania.
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Source: World Economic Forum
Markets WRAP: Rand closes at R14.37/$
March 25, 2019--TreasuryONE said earlier that emerging market currencies had weakened, led by Turkey's lira and the rand.
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Source: FIN24
ECA-Economic Report on Africa 2019-
Fiscal Policy for Financing Sustainable Development in Africa
March 23, 2019--African countries need to grow their economies faster if they are to achieve the Sustainable Development Goals by the target date of 2030, the Economic Commission for Africa (ECA) says in its annual report.
The SDGs can be achieved by carrying out comprehensive macroeconomic reforms to build resilience, raise potential growth and improve inclusiveness, says the Economic Report on Africa (ERA), released today in Marrakesh, Morocco.
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Rand clings to gains despite ongoing load shedding
Markets WRAP: Rand closes at R14.46/$
Rand makes gains on Fed's dovish comments
Palladium tops $1 600 as metal sets new highs on supply shortage
Markets WRAP: Rand closes at R14.38/$
Markets tread cautiously ahead of US Fed rate decision
SARB-Full Quarterly Bulletin-No 291-March 2019
The international prices of most commodities declined in the fourth quarter of 2018. In particular, the price of Brent crude oil decreased sharply from around US$86 per barrel at the start of October 2018 to below US$50 at the end of December. This contributed to lower inflation rates in advanced economies and emerging markets. However, oil prices have since recovered to around US$65 per barrel, which should exert some upward pressure on inflation.
In South Africa, real economic growth slowed from a revised 2.6% in the third quarter of 2018 to 1.4% in the fourth quarter. The real gross value added (GVA) by the primary sector contracted for a fourth successive quarter, while output growth slowed in the secondary and tertiary sectors. For 2018 as a whole, growth in real gross domestic product (GDP) moderated to 0.8% from an upwardly revised 1.4% in 2017. South Africa's GDP per capita has decreased since 2015, consistent with the current downward phase of the business cycle. view more
Source: Economic Commission for Africa (ECA)
March 22, 2019--"While Eskom continues with rolling blackouts that will see the rally in the rand under pressure, their intensity has been reduced," says Peregrine Treasury Solutions's Bianca Botes.
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Source: FIN24
March 22, 2019--The rand ended the day at R14.46/$, as uncertainty in the markets impacted emerging market currencies.
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Source: FIN24
March 21, 2019--The rand gained 1.9% against the US dollar on Wednesday, following the US Federal Reserve Bank's announcement to keep rates on hold.
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Source: FIN24
March 20, 2019--The price of the metal-mainly used in autocatalysts in gasoline vehicles-has almost doubled from a recent low in August.
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Source: FIN24
March 20, 2019--The rand closed at R14.38 on Wednesday.
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Source: FIN24
March 20, 2019--The JSE retreated on Wednesday as it tracked other global markets lower ahead of the US Fed's rate decision.
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Source: FIN24
March 20, 2019--The synchronised global economic growth momentum experienced since the fourth quarter of 2016 faded in the second half of 2018. Although real global output growth recovered somewhat to 2.9% in the fourth quarter of the year, this still represented the second-lowest quarterly growth rate in the past two years.
The moderate acceleration in the fourth quarter of 2018 resulted mainly from improved output growth in India and Japan, while growth slowed further in the United States (US) and China along with a contraction in world trade volumes.
Source: South African Reserve Bank (SARB)
