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As Africa’s role in the global economy continues to garner…
Safaricom has a network of partners whose collaboration allows subscribers to send and receive money from more than 200 countries and territories.
The launching of the M-Pesa supper app has also enabled its users to operate mobile money transfer easily and securely making it rise faster in the African continent.
For instance, access to financial services and products in Kenya grew by an astonishing 56 per cent between 2006-2019 due to the availability of the mobile money services . M-Pesa has been credited with lifting at least two per cent of Kenyan households out of extreme poverty.
The fall in consumer demand and closure of retail stores in high income countries due…
FAO says that in addition to lost agricultural assets, the state of core basic services across northern Ethiopia is impeding relief efforts.
“Electricity and fuel are lacking, cash and credit are not to be found, and there is only one functional road in and out of the region”, noted Paulsen.
According to the organization, the conflict commenced at the peak of what would have been the main Maher season harvest before many households had the opportunity to harvest their crops.
African Development Bank Group has approved two grants worth $83.6 million to boost cross-border trade…
Ethiopia plans to go ahead with it scheduled second filling of its embattled Grand Ethiopian Renaissance Dam…
Consider this, the first US 100 dollar bill note was issued in 1862 and the version that you know now, the Federal Reserve note featuring the US founding Father Benjamin Franklin on the foreside, was actually launched in 1914. This means that if your great, great, great grandfather happened to bury a chest full of US100 dollar bills since then, you could still today unearth it and the bill would be accepted as legal tender i.e. the same bill note is still in circulation today.
Well not quite but you get the idea. Actually, the US100 dollar bill that is used today came into circulation on July 13, 1969 and as of December 2018, the average life of a $100 bill in circulation is approximately 30 years before it is replaced due to wear.
Ethiopia has had a good run as a country these past few years and its…