The Draft: Weekend Edition
Keep up with the business and financial stories that matter in the technology industry across emerging markets globally on The Draft, curated by Techloy Editor, Loy Okezie.
Welcome to The Draft, a Techloy series that highlights the most interesting business and financial stories in the technology industry across emerging markets globally. This weekend's edition was curated by Loy Okezie.
- South African President Cyril Ramaphosa has appointed Khumbudzo Ntshavheni as the country's new Minister of Communications and Digital Technologies, replacing Stella Ndabeni-Abrahams.
- Ghana's Central Bank has issued pan-African fintech company Cellulant a Payment Services Provider (PSP) license, allowing it to aggregate merchant services, process financial services, acquire merchants, deploy POS systems, and aggregate payments.
- Chinese technology company Huawei says it generated 320.4 billion yuan (~$50 billion) in revenue in the first half of 2021, a significant fall from the 454 billion yuan (~$70 billion) it recorded in the first half of 2020.
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