The World Health Organization has channeled more than $14.4 million to nearly 246,000 health workers in Mozambique through a mobile money payment system since 2024, the U.N. agency said in a statement The Mobile Money (MOMO) digital payment system is used to pay vaccinators, supervisors, community mobilizers and other staff involved in public health campaigns […]
Read MoreThe African Export-Import Bank (Afreximbank) has signed a 110-million-euro ($120 million) financing facility with Chad, its largest ever commitment to the country, the Cairo-based lender said on Monday. The agreement, signed on Aug. 5 at Afreximbank’s headquarters, provides local-currency financing that the Chadian government will use to fund trade-related infrastructure projects approved under the country’s […]
Read MoreThe Sovereign Fund of Egypt (TSFE) plans to launch a new investment vehicle dedicated to Africa, targeting sectors including financial services, tourism, health and education, Investment and Foreign Trade Minister Mohamed Farid Saleh said. Saleh disclosed the plan during a meeting with Prime Minister Mostafa Madbouly to review TSFE’s efforts to boost returns on state-owned […]
Read MoreThe Islamic Development Bank Institute (IsDBI) said it had been granted a Singapore patent for a digital system designed to stabilize asset markets, marking the completion of a review process that began nearly four years ago. The Intellectual Property Office of Singapore (IPOS) issued the patent, numbered 10202250873B, on 10 July 2026 for an invention […]
Read MoreOld Mutual Limited has won regulatory approval to shift its secondary listing in Zimbabwe from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), closing out a six-year suspension for the pan-African financial services group. Trading in Old Mutual shares on the VFEX is due to start on Aug. 12. The insurer […]
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