Monthly Archives: November 2022

South Africa’s Revio allows businesses to connect to multiple payment methods and reduce failures

Three out of every 10 payments in Africa fail, according to reports. Factors behind this range from a fragmented payments landscape and invalid cards to dormant accounts and higher dispute rates; they surface yearly leading to a $14 billion loss in recurring revenue for digital businesses across the continent.  These problems are bound to increase…

Debt-ridden Ghana plans to buy oil with gold instead of dollars, as foreign currency reserves dwindle to an alarming low

Ghana’s Vice-President Mahamudu Bawumia announced a “new policy regime” in which the African country will use gold, instead of the US dollar, to pay for its oil imports. Luc Gnago/Reuters Ghana’s government is planning to use gold to pay for oil instead of shelling out US dollars. The move is expected to reduce the “persistent…