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Safaricom Announces Paypal Support

- April 10, 2018

Safaricom has announced a partnership with PayPal and TransferTo that will allow M-Pesa users to receive money from any PayPal account across the world...

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Despite ongoing regional and global headwinds, Africa continues to demonstrate impressive resilience and maintains its status as a global growth frontier. This is the headline finding of the 2026 Africa Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank Group (www.AfDB.org) on Monday 30 March 2026 at the Bank Group headquarters in Abidjan. The report underscores that Africa outpaced the global average in 2025 as real GDP surged to 4.2 percent, up from 3.1 per cent in 2024, comfortably eclipsing the 3.1 per cent world average. A key finding in the report is the "broad-based" surge, with growth exceeding 5 per cent in 22 African countries, and topping 7 per cent in six, bolstered by easing inflationary pressures, improved macroeconomic management and favourable agricultural conditions. Other highlights include: Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027. 12 of the 20 fastest-growing economies in the world in 2025 were African. In 2025, East Africa maintained its lead as the continent’s fastest-growing region (posting 6.4 percent GDP growth), with its expansion driven by the surge in growth performances of 9.8 per cent in Ethiopia, 7.5 per cent in Rwanda, and 6.4 per cent in Uganda. Africa’s GDP per capita growth rose from 0.9% in 2023 to 1.1% in 2024 and 1.9% in 2025, but still remains too low to propel rapid poverty reduction. Inflation is declining, with average inflation estimated at 13.6 percent in 2025, down from 21.8 percent in 2024; further reductions are projected for 2026 and 2027. Foreign direct investment rebounded sharply in 2024, rising by more than 75% to reach $97 billion. Remittance flows rebounded strongly in 2024, rising by more than 14 percent to $104.6 billion—offsetting the 6 percent decline recorded in 2023 and making remittances the largest single source of external non-debt financing, surpassing foreign portfolio investment. In his high-level remarks at the launch, the President of the African Development Bank Group, Dr Sidi Ould Tah, underscored that the continent faces an "important moment when the world is changing, not always in favour of the African continent." Citing a difficult landscape of increasing geopolitical fragmentation, trade tensions, and declining global development finance flows, Dr Ould Tah positioned the Bank Group's Four Cardinal Points agenda as a vital strategic shield, explaining that "each one speaks directly to the challenges this Macro Economic Outlook report has identified and quantified." In light of recent developments in the Middle East, Dr Ould Tah noted that the 2026 MEO analysis and projections "were prepared before the current crisis" began. He added that the Bank Group and partners, including the United Nations Development Programme are currently assessing the potential consequences of the crisis on the continent. In his detailed presentation, the Bank Group Chief Economist and Vice President for Economic Governance and Knowledge Management, Prof Kevin Urama, expressed optimism that the current crisis would have a limited impact on Africa's macroeconomic landscape in 2026. "Africa has held strong in previous shocks, and has the capacity to bounce back after, provided we do not panic and we instead apply the right policy levers," he said. "In our estimates, if the crisis lasts beyond three months, it might cause a dip of 0.2 percentage point in Africa's economic growth rate in 2026." An expert-led panel followed the presentation and explored the report's findings and policy recommendations aimed at sustaining growth, strengthening financial systems, and mobilising development finance at scale. Panellists included Souleymane Diarrassouba, the Minister of Planning and Development of Côte d'Ivoire; Augustine Kpehe Ngafuan, Minister of Finance and Development Planning of Liberia; Prof Mthuli Ncube, Minister of Finance of Zimbabwe; Dr Retselisitsoe Matlanyane, Minister of Finance and Development Planning of Lesotho; and Mrs Aminata Toure, the International Monetary Fund Resident Representative for Côte d'Ivoire. The panelists emphasised the importance of sustaining reforms linked to domestic resource mobilisation, including deepening local equity and fixed-income markets, and scaling digitalisation efforts to improve the efficiency of tax collection. They also shared success stories from ongoing reforms in their respective countries. A consensus emerged that Africa's experiences with shocks can position the continent to draw on valuable lessons to weather current and future challenges. The African Development Bank Group publishes the Macroeconomic Report biannually to complement its annual Africa Economic Outlook. Dr Ould Tah described the series as a demonstration of "the Bank's commitment to provide our member countries, our partners and our investors with the most rigorous, timely and actionable analysis."

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Changpeng Zhao (CZ) and the rise of Binance He releases Freedom of Money, a Memoir Reflecting on the Rise of Crypto and the Story Behind Binance The memoir also reflects on the challenges that came with building at such speed, including the pressures of scaling a global company, regulatory scrutiny as the industry matured, and CZ’s personal experience serving a four month sentence in a U.S. federal prison Few figures have been as closely associated with the rise of the cryptocurrency industry as Binance (www.Binance.com) co-founder Changpeng Zhao (CZ). In his new memoir, Freedom of Money, A Memoir of Protecting Users, Resilience, and the Founding of Binance, CZ offers a candid account of the early days of crypto, the rapid explosion of Binance, and the personal consequences of building at the centre of one of the fastest moving industries in modern finance. Available globally from 08th April 2026 on Amazon Kindle and Paperback, Freedom of Money traces CZ’s journey from his early life and unconventional path into technology through the founding and rapid growth of Binance during a period when the cryptocurrency industry was expanding at unprecedented speed. Part memoir and part reflection on the evolution of digital assets, the book offers readers a builder’s perspective on what it was like to grow a global platform in a new industry where the rules were still being written. “While many people congratulated me on being number one, something else gave me more satisfaction,” CZ writes in the book. “I was getting messages from users all around the world thanking us for providing them with financial access or even financial freedom.” The memoir also reflects on the challenges that came with building at such speed, including the pressures of scaling a global company, regulatory scrutiny as the industry matured, and CZ’s personal experience serving a four month sentence in a U.S. federal prison. “This memoir is not a sanitized corporate story,” CZ said. “It reflects on what it was like to build during a time when the crypto industry was still taking shape - the successes, the mistakes, and the lessons that came from both.” Alongside the events that defined CZ’s career, Freedom of Money explores broader themes of money, technology and responsibility, and how his views on financial freedom have evolved over time. Reflecting on a Defining Period in Crypto Over the past decade, Binance has played a significant role in the growth of the digital asset ecosystem, helping support the development of infrastructure used by millions of users globally. Freedom of Money provides CZ’s personal perspective on that period of rapid innovation and expansion in the cryptocurrency industry. Richard Teng, Co-CEO of Binance, said: “The story of Binance is closely tied to the early evolution of the crypto industry. Freedom of Money offers a founder’s perspective on the challenges and opportunities that shaped digital assets during their formative years.” Yi He, Co-Ceo of Binance, added: “The early days of crypto were fast-moving and full of possibility, even if not always fully understood. This book captures the energy of building in that moment and the incredible progress the industry has made since.” Rachel Conlan, Chief Marketing Officer at Binance, said: “For many people, the story of crypto has been told through headlines and market cycles. What this book offers is a first person account from someone who helped build the infrastructure behind the industry’s growth. Availability Freedom of Money (https://apo-opa.co/4muGafd) is available globally 08 April 2026 on Amazon Kindle and Paperback. The book is published in English and Chinese, with additional translations under consideration. All proceeds from CZ’s authorship of the book will be donated to charity

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Tag: paypal

Safaricom Announces Paypal Support

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Safaricom awards the sixth apartment winner in the M-PESA TU promotion

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SAFARICOM FOUNDATION TO ANNOUNCE MAJOR INVESTMENT IN TVET

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King of Crypto

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