Africa

Algeria Reaffirms Commitment to Africa’s Growth at UNCTAD’s 16th Ministerial Session in Geneva

Shahzaib5 days ago5 days ago04 mins

At the 16th UNCTAD Ministerial Session in Geneva, Algeria reaffirmed its commitment to Africa’s development through major infrastructure, trade, and digital connectivity projects. Minister Kamel Rezig highlighted initiatives such as the Trans-Saharan Highway, Gas Pipeline, high-speed internet network, and a $1 billion fund for African start-ups. He emphasized Algeria’s support for AfCFTA and called for fair debt solutions, positioning Algeria as a key advocate for African unity, innovation, and sustainable growth.

Grey and dLocal Partnership Records 80% Quarterly Growth in Payout Volumes

Shahzaib2 months ago2 months ago02 mins

Grey and dLocal have achieved 80% quarterly payout growth in new markets, including Brazil, South Africa, and Egypt. Their partnership is enabling faster, low-cost cross-border payments, supporting Grey’s expansion and dLocal’s global growth strategy amid efforts to regain investor confidence.

Africa Advances Financial Inclusion with Interoperable Digital Payment Systems

Shahzaib2 months ago2 months ago02 mins

Mobile money and interoperable payments are accelerating financial inclusion in Africa, processing billions in transactions and supporting regional trade. Yet digital divides, cybersecurity risks, and fragmented regulation remain barriers. Expanding infrastructure and harmonized policy will be key to sustaining growth and driving a fully integrated digital economy.

Africa’s Digital Content Creation Market Valued at $5.1B, Set to Hit $30B by 2032

Shahzaib2 months ago2 months ago03 mins

Africa’s content creation market is now worth $5.1B, projected to reach $30B by 2032. With 385M social media users and a young population, creators face monetization challenges but are leveraging YouTube, Facebook, and local platforms to grow. Rising youth-driven entrepreneurship positions Africa as a global creator economy hub.

Africa’s Smartphone Market Grows 7% in Q2 as Demand for Budget Models Surges

Shahzaib2 months ago2 months ago02 mins

Africa’s smartphone shipments rose 7% in Q2 2025 to 19.2M units, led by Egypt, Nigeria, and South Africa. Sub-$100 smartphones soared 38%, reshaping demand. Transsion held 51% market share, followed by Samsung and Xiaomi. Rural markets and fintech-driven services are emerging as key growth drivers.

Africa’s Youth and Entrepreneurs Poised to Drive AI Leapfrogging, Cisco and CMU-Africa Report Finds

Shahzaib2 months ago2 months ago03 mins

Cisco and CMU-Africa warn that while Africa could add $2.9 trillion to its economy through AI by 2030, the continent must address its severe skills gap. With 75% of its population under 35 and strong entrepreneurial drive, Africa is well-placed to lead global AI innovation if investments in education, infrastructure, and collaboration accelerate.

Mastercard Whitepaper Highlights AI’s Potential to Transform Africa’s Economy and Society

Shahzaib2 months ago2 months ago02 mins

Mastercard’s Africa AI whitepaper shows how responsible AI adoption could add billions to the economy, create 230 million jobs by 2030, and expand financial inclusion. It highlights opportunities in key countries but warns of risks from regulatory gaps and data challenges.

Tunisia to Host BIGTECH Africa Expo 2025, Cementing Its Role as Africa’s Tech Hub

Shahzaib3 months ago3 months ago02 mins

Tunisia hosts BIGTECH Africa Expo 2025, Africa’s premier innovation and AI event, attracting startups, investors, and experts to boost the continent’s digital transformation and global tech stature.

pawaPay Expands Inbound Remittance Service Across Seven African Markets with Airtel Money Africa

Shahzaib3 months ago3 months ago02 mins

pawaPay and Airtel Money Africa expand inbound remittance services across seven countries, enhancing cross-border payments with real-time mobile wallet transactions to over 161 million users. The partnership aims to boost financial inclusion and simplify payments across Africa.

Algeria Joins Pan-African Payment and Settlement System to Boost Continental Financial Integration

Shahzaib3 months ago3 months ago01 mins

Algeria joined PAPSS, expanding the network to 18 African countries. The move supports reduced transaction costs and faster cross-border payments, fostering stronger economic integration and trade within the continent.

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Algeria Reaffirms Commitment to Africa’s Growth at UNCTAD’s 16th Ministerial Session in Geneva

Grey and dLocal Partnership Records 80% Quarterly Growth in Payout Volumes

Africa Advances Financial Inclusion with Interoperable Digital Payment Systems

Africa’s Digital Content Creation Market Valued at $5.1B, Set to Hit $30B by 2032

Africa’s Smartphone Market Grows 7% in Q2 as Demand for Budget Models Surges

Africa’s Youth and Entrepreneurs Poised to Drive AI Leapfrogging, Cisco and CMU-Africa Report Finds

Mastercard Whitepaper Highlights AI’s Potential to Transform Africa’s Economy and Society

Tunisia to Host BIGTECH Africa Expo 2025, Cementing Its Role as Africa’s Tech Hub

pawaPay Expands Inbound Remittance Service Across Seven African Markets with Airtel Money Africa

Algeria Joins Pan-African Payment and Settlement System to Boost Continental Financial Integration