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Image sourced from Modern Ghana Zeepay Ghana has revealed its plans to acquire a majority stake (51%) in Zambian company Mangwee Mobile Money – although, it is not yet known how much Zeepay paid for the majority stake. “The merger is the first of its kind – that two indigenous African fintech companies in mobile money operations have come together to grow. It represents a wind of change ongoing on the African continent,” reads a statement from Zeepay. Managing Director of Zeepay, Andrew Takyi-Appiah believes that this deal will allow Zeepay to expands its operations through Southern Africa. He says “this will give Zeepay access to Mozambique, Malawi, Angola and Namibia amongst others in our efforts to capture Africa’s $70billion remittance market and opportunity to deploy our award-winning...
Mozambique’s military said on Sunday a “significant” number of militants had been killed during a battle over a key northern town and gas hub captured by the Islamic State (ISIS) last month. Palma was seized by the jihadists during coordinated attacks on 24 March, in what was seen as the biggest escalation of the insurgency ravaging the north of the African nation since 2017. The true death toll is not yet known, but thousands were displaced from the town of some 75 000 and the French energy giant Total suspended operations at its multibillion-dollar plant. On Sunday, the army escorted officials and journalists through the ravaged town, claiming a “significant” number of militants had been killed, and that they had now secured the surrounding area. Commander Chongo Vidigal, leading the mil...
A new report by two United Nations agencies warned Friday of a heightened risk of famine in three conflict-torn African states and Yemen, and a high hunger risk in 16 more. The Food and Agriculture Organisation and World Food Programme warned that a “toxic combination of conflict, economic decline, climate extremes and the Covid-19 pandemic … is driving people further into the emergency phase of food insecurity”. The agencies swung the spotlight on Burkina Faso, Nigeria, South Sudan and Yemen, all facing rising levels of acute hunger with potential risk of famine. Issuing “a stark warning” in their Early Warning Analysis of Acute Food Insecurity Hotspots, the agencies said the four countries have areas that could soon slip into famine. Some parts of the population “are already experiencing...
Suspected militants beheaded over a dozen men and teenagers participating in a male initiation ceremony in northern Mozambique, local sources said on Wednesday, in the latest violent incident in the country’s insurgency-hit northeast. The dismembered bodies of at least five adults and 15 boys were found on Monday, scattered across a forest clearing in Muidumbe district. Islamist militants operating in the area had attacked several nearby villages over the weekend, looting and burning down homes before retreating into surrounding thicket. “Police learnt of the massacre committed by the insurgents through reports of people who found corpses in the woods,” said an officer in the neighbouring Mueda district who asked not to be named. “It was possible to count 20 bodies spread over an area of a...