Last updated on September 11th, 2021 at 02:51 pm
The COVID-19 pandemic is likely to quicken the shift to digital financial services in Africa, Ecobank Transnational Incorporated CEO Ade Ayeyemi said.
Once the worst of the pandemic is over, COVID-19 could be “a great accelerator,” enabling the adoption of new technology in Africa, Ayeyemi said from Lomé in Togo. “It can be an opportunity for the continent and create new business models.”
Using digital channels rather than branches has raised fears that financial services may become harder to obtain for those who can’t afford access to digital tools. Ayeyemi has faith in the march of technology.
“The world can evolve very quickly,” he said, citing the power of modern smartphones versus old IBM computers. “Digital can work and a lot of people will use it.”
(Africa business Central)
A group called Progressive Forces in South Africa has launched a petition against MissUniverse Nigeria Chidimma Adetshina, with the aim…
Mauritius on Saturday overruled its decision to prohibit social media until the election onNovember 10th which was caused by a…
The UAE’s Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed AlNahyan was in Addis Ababa…
Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe's independence, was ‘like…
Following elections in which the party that had ruled the diamond-rich nation for almost 60years suffered a historic setback. Botswana's…
A lightning strike at a refugee camp in Uganda kills 14 people including children with 34 othershospitalized. The incident happened…
This website uses cookies.