Mastercard has joined forces with MTN to enable millions of MTN MoMo customers in 16 African countries to shop and pay online with global merchants. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers can now unlock a host of opportunities and shop from their favourite international brands online while in their home countries or travelling abroad. The announcement comes at a time when eCommerce and online shopping are reaching record levels across Africa. According to the Economy 2021 outlook conducted by the Mastercard Economics Institute, 20-30% of the COVID-19-related surge in eCommerce will remain a permanent feature of overall retail spending. And shopping through mobile is largely how consumers access these opportunities. Across Sub-Saha...
Sourced from Redbubble and iStock. The spread of COVID-19 in many African countries has been more contained than some had expected in 2020. Experts have predicted that the economic fallout of the pandemic for Africans, however, will be different and direr than for the rest of the world. The reason is that Sub-Saharan Africa accounts for more than half of the world’s populations living at or below the poverty line. A recent World Bank scenario estimates that COVID-19 could push up to 40 million people in Sub-Saharan Africa into extreme poverty, seriously eroding the progress that African countries have made to reduce deprivation during the past two decades. Africa’s economic recovery from the COVID-19 crisis depends on how effectively governments will be able to balance urgent actions to st...
Ericsson has appointed Sena Erten as Vice President and Head of People of Ericsson Middle East and Africa. In her new role, Erten is expected to guide the business towards a world-class employee experience that is people-centred, adopting the latest digital technologies, and leading the way in driving company culture. In a fast transforming industry, she will drive Ericsson’s people transformation in the region through innovative leadership, attracting and retaining the best talents and helping Ericsson create a compelling employee experience. “People are at the centre of everything we do at Ericsson. I am delighted to welcome Sena into her new role. Her extensive knowledge and experience will further strengthen our people function,” says Fadi Pharaon, President of Ericsson MEA. /* custom ...