Africa has the most profitable banking sector in the world and its massive unbanked population is creating enormous opportunities for incumbent banks and fintech companies alike.
The devastating earthquake that struck Morocco on Friday night has left a trail of destruction with an estimated 2,500 dead at the last count, in a death toll that is bound to rise further.
At least 2,012 people were dead and 1,404 critically injured after powerful earthquake struck the historic city of Marrakech late on September 8, according to a statement from the Ministry of Interior.
Russia’s exit from the Black Sea grain initiative, India’s ban on rice exports and a “strong” El Niño expected in the second half of this year mean the global food security warning lights have started to flash red.
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.