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Visa to inject $1bn in Africa over 5 years to cash in on e-payments boom

Visa Inc has announced plans to invest $1 billion over the next 5 years in Africa in a bid to capitalize on the emerging economy’s rapid growth in digital payments. “Visa has been investing in Africa for several decades to grow a truly local business,” chief executive officer Alfred Kelly Jr said in a statement. […]

Veteran journalist Fatima Hassani becomes second Moroccan woman elected President of Region

Fatima Hassani, a veteran journalist and member of PAM political party, was elected president of Tangier-Tetouan-Alhoceima region, becoming the second Moroccan woman to take such a position. Hassani will succeed to her colleague in the party Ilyas EL Omari after a majority vote by the region’s council. The election was convened after the resignation of […]

Kenya at the heart of Africa’s illicit gold trade, new report reveals

Kenya has become a major transit hub for smuggled gold from conflict-ridden African countries, with illicit exports far exceeding official figures, according to a new SwissAid report. While the government declared only 672 kilograms of gold exports in 2023, the report estimates that over two tons — possibly far more — are illegally trafficked through […]