18 March 2024
Airtel Africa plans to list its subsidiary specializing in mobile money on the stock market by the end of the current year, according to Bloomberg.
Airtel Africa has held discussions with potential advisors on the initial public offering of Airtel Money this year, indicating that the group has not yet decided on the place of listing of its subsidiary and is still hesitating between stock exchanges located in the UAE, the UK and Europe.
Find out more06 March 2024
In today’s rapidly evolving financial services landscape, the once-distinct boundaries separating banks, telecommunications companies (telcos), and insurance providers have become increasingly blurred. This convergence is driven by a multitude of factors, including the proliferation of data, the growth of the Internet of Things (IoT), and innovative business models.
The driving forces
One of the primary drivers behind the convergence of banks, telcos, and insurance companies is the brand presence and wide-established infrastructure that telcos and insurance companies bring to the table. This provides a strong foundation for collaborative efforts in the financial sector.
05 March 2024
Visa and the GSMA Mobile for Development Foundation (GSMA Foundation) have launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.
The five-year initiative aims to advance digital financial inclusion for 20 million people, especially women, small holder farmers (SHF), and nano, micro and small enterprise (NMSE) owners across low- and middle-income countries in Africa, Asia, and Latin America.
Find out more04 March 2024
Malawi decreased the withholding tax for mobile money agents from 20% to 1%, as per Simplex Chithyola Banda, minister of finance.
According to Chithyola-Banda, this will comply with the current withholding tax rate for banks and insurance brokers, which is 1%: “this is being done to align with the prevailing withholding tax rate for banks and insurance agents, which is at one percent. In addition, most of the mobile money agents do not make enough money to pay personal income tax as their income falls below the minimum threshold of paying personal income tax.”
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