Zimbabwe progresses through the third phase of currency transformation seeking domestic monetary control by 2030. Finance Minister Mthuli Ncube reported achievements during the Zimbabwe Economic Development Conference in Bulawayo last week. The Zimbabwe Gold has maintained stability for twelve months since replacing the troubled Zimbabwe dollar. Earlier phases eliminated quasi-fiscal activities and excessive liquidity growth at the Reserve Bank. Treasury absorbed foreign loans from the central bank to reduce macroeconomic stress.
The multicurrency system operates legally until 2030 when strong fundamentals should enable single-currency implementation. Zimbabwe adopted dollar-based economics in 2009 following devastating hyperinflation...
Safaricom completed the largest M-PESA system enhancement since 2015 during the service's eighteenth year of operation. The telecommunications company launched Fintech 2.0 as its next-generation core platform for financial technology services. This advanced infrastructure strengthens system reliability while expanding processing capabilities for artificial intelligence integration. Dr. Peter Ndegwa described the development as a significant investment in platform evolution. The upgrade demonstrates Safaricom's dedication to innovation and customer confidence.
Technical improvements boost transaction capacity from 4,500 to 6,000 operations per second, with potential scaling to 12,000 transactions. Engineers implemented an active-active...
Senegal advances its government data sharing system through recent stakeholder evaluations at a COCOOR committee session. Officials validated the project roadmap after launching the initiative on April 22, 2025. The platform facilitates secure information exchange between government ministries, public agencies, and private sector organizations. Citizens and businesses will access faster and more dependable administrative services through this technological framework. December 2025 marks the target completion date for the first implementation phase.
The system will accelerate social assistance delivery to vulnerable populations while enhancing government transparency measures. Administrative procedures become simplified for both...
The Industrial Development Bank established a £1.13 billion credit facilitation partnership with Raya IT from Raya Holding Group. This financial arrangement targets Egypt's digital transformation acceleration through enhanced banking sector technology infrastructure. The collaboration emphasizes cybersecurity improvements, financial inclusion expansion, and digital economy development. Egypt Vision 2030 priorities align with this initiative's innovation and modern financial technology focus. The partnership extends beyond traditional financing models.
Both institutions view this cooperation as foundational for sustainable digital economy growth. The agreement promotes fintech solution adoption while enhancing banking service delivery...
Safaricom PLC will conduct a planned maintenance operation on its M-PESA financial platform during early morning hours on Monday, September 22nd, 2025. The telecommunications company scheduled the upgrade window between 12:30 AM and 3:30 AM to reduce customer impact. Service interruptions will affect all mobile money transactions and airtime purchasing functions during this three-hour period. The company selected these overnight hours after careful consideration of user patterns and business operations. Safaricom expressed regret for any inconvenience customers might experience during the temporary service suspension.
The system enhancement is part of Safaricom's broader strategy to maintain reliable and secure financial technology...
Moroccan technology company DONE raised 2.1 million dollars through seed investment from domestic financiers and private backers. The startup develops the nation's inaugural super application platform since its establishment in 2024. Local investors demonstrated confidence in Morocco's capacity to create competitive digital solutions for regional markets. The funding milestone represents significant progress for the emerging business venture.
DONE operates across eight Moroccan regions with more than ninety staff members. The platform connects over one thousand restaurant and retail businesses through a network of five hundred delivery representatives. Earlier founders' financing provided six hundred thousand dollars before this latest...
Kaspersky cybersecurity experts documented alarming attack statistics across Sub-Saharan Africa during early 2025. The region experienced 42.4 million web-based threats and 95.6 million device infections within six months. Spyware incidents more than doubled while password theft attempts jumped 64 percent compared to previous periods. Backdoor intrusions rose 12 percent across affected territories.
South African users faced 6 million blocked online attacks as criminals deployed phishing schemes and network spoofing tactics. One-fifth of the population encountered malicious activities during this timeframe. Device-based threats reached 10.3 million blocked incidents through infected storage media and hidden software installations...
Alkhabeer Capital spearheaded a SAR18 million seed investment round for Saudi fintech firm Sindbad Tech during Money20/20 Middle East. The $4.8 million funding enables the company to expand its financial technology offerings and create advanced systems that improve transaction speed. Sindbad Tech provides services to both individual consumers and business clients through its automated platform. This investment demonstrates market confidence in digital financial services and supports Saudi Arabia's technological banking infrastructure development. The company began in 2013 as a research project examining financial market movements through traditional indicators before evolving into a comprehensive investment solutions provider aligned...
Zambia established its inaugural digital repository for geological information at a ceremony held at the Taj Pamodzi Hotel in Lusaka. The Smart Zambia Institute's Acting National Coordinator, Kasali Musenge, emphasized the importance of local data management and national digital sovereignty through this platform. Minister Paul C. Kabuswe of Mines and Minerals Development described the shift from paper records to electronic systems as transformative progress. Dr. Hapenga Kabeta, the Ministry's Permanent Secretary, predicted mining sector improvements through enhanced data accessibility and security. Kobold Metals representative Tuleyone Mpengula praised collaborative efforts between government agencies and private companies.
The digital...
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