Afreximbank approves US$70m to finance Beitbridge expansion in Zimbabwe

ZIMBABWE – Pan-African multilateral trade finance institution African Export-Import Bank (Afreximbank) has approved US$70 million to finance the expansion and upgrade of the Beitbridge border post in Zimbabwe to boost intra-Africa trade. The Beitbridge border post between Zimbabwe and South Africa is the busiest border crossing in Southern Africa, with an average of 25,000 people and 500 trucks crossing the…

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Ecobank partners with Alipay to expand scope of its cross-border remittance service

NIGERIA – Ecobank Plc has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform that aims to bring more inclusive financial services by providing a convenient way for workers to transfer money back home. According to a statement from the Pan-African bank, the partnership will facilitate instant transfers from its remittance solution, Rapidtransfer, to users…

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