Wednesday, March 11

Tag: Finance in Africa

Government of Ghana Settles US$709 Million Eurobond Obligation Ahead of Schedule
Business

Government of Ghana Settles US$709 Million Eurobond Obligation Ahead of Schedule

The Government of Ghana has successfully settled a US$709 million Eurobond obligation, making the payment on 30 December 2025 ahead of its due date, in a move seen as a major boost to the country’s economic recovery and debt management efforts.According to the Ministry of Finance, the latest payment brings Ghana’s total Eurobond payments for 2025 to US$1.4 billion under the ongoing debt restructuring memorandum. The amount comprises three separate payments of US$349.52 million, US$349.52 million, and US$709 million made to Eurobond holders within the year.The timely settlement, the Ministry noted, reaffirms Ghana’s credibility as a sovereign borrower and demonstrates government’s commitment to restoring investor confidence through transparent, predictable, and disciplined debt-service prac...
Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App
Technology

Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App

Velmie, a leader in banking technology infrastructure, has successfully delivered the core platform behind Vult, Sierra Leone’s first digital financial super app. The launch marks a significant milestone in Velmie‘s strategic mission to accelerate digital transformation for financial institutions across Africa. Deployed in partnership with Metro Cable, the country’s foremost fiber broadband provider, Vult is already seeing rapid user adoption and is reshaping how Sierra Leoneans engage with financial services. The platform integrates mobile money, card payments, banking services, and bill payments into one seamless and secure user experience — all powered by Velmie’s banking technology. “Africa is one of the most dynamic frontiers for digital financial innovation,” said Paul Shu...
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