It is estimated that around 1.6 billion adults worldwide remain unbanked, which excludes them from access to credit due to a lack of formal banking or income histories. Clayton Hayward, Group CEO of EFT Corporation, says fintechs can create accurate credit profiles and open access to financial services.

Thami Ngubeni spoke to Clayton Hayward, Group CEO of EFT Corporation.

It is estimated that around 1.6 billion adults worldwide remain unbanked, which excludes them from access to credit due to a lack of formal banking or income histories. Clayton Hayward, Group CEO of EFT Corporation, says fintechs can create accurate credit profiles and open access to financial services.
Thami Ngubeni spoke to Clayton Hayward, Group CEO of EFT Corporation.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

"Fintechs can create accurate credit profiles for the unbanked," says Clayton Hayward, Group CEO of EFT Corporation

In today's markets slot  South Africa's Gross Domestic Product stats for the first quarter of this year are set to be released this week.

We will also discuss mining and Manufacturing productions data for  the week.

For more on this and what to expect, we're joined on the line by senior economist at FNB, Siphamandla Mkhwanazi.

In today's markets slot &nbsp;South Africa's Gross Domestic Product stats for the first quarter of this year are set to be released this week.
We will also discuss mining and Manufacturing productions data for &nbsp;the week.
For more on this and what to expect, we're joined on the line by senior economist at FNB, Siphamandla Mkhwanazi.

Africa Market Update with senior economist at FNB, Siphamandla Mkhwanazi

Ethiopian Airlines has announced that it is preparing to make a decision on its fleet to expand its local network with an order for about 25 smaller commercial jets. The airline, which is currently assessing offers from Airbus, Embraer, and Boeing, would operate the aircraft on domestic routes as well as services to neighbouring countries.

The decision, set to take place against the backdrop of rising fuel costs from Middle East conflicts, is expected to shape the airline's positioning and strategic growth, while also intensifying competition among global aircraft manufacturers competing for a share of Africa's rapidly expanding aviation market.

Joining us now to reflect on this is Zemedeneh Negatu, the CEO of CBE Capital Investment Bank.

Ethiopian Airlines has announced that it is preparing to make a decision on its fleet to expand its local network with an order for about 25 smaller commercial jets. The airline, which is currently assessing offers from Airbus, Embraer, and Boeing, would operate the aircraft on domestic routes as well as services to neighbouring countries.
The decision, set to take place against the backdrop of rising fuel costs from Middle East conflicts, is expected to shape the airline's positioning and strategic growth, while also intensifying competition among global aircraft manufacturers competing for a share of Africa's rapidly expanding aviation market.
Joining us now to reflect on this is Zemedeneh Negatu, the CEO of CBE Capital Investment Bank.

Ethiopian Airlines considers Airbus, Embraer, Boeing in bid for new fleet of smaller commercial aircraft

South Africa's (SA) credit outlook has received a boost after Fitch Ratings upgraded the country's long-term foreign and local currency credit ratings from "BB-" to "BB."

SA's treasury says the upgrade signals improved investor confidence in SA's fiscal outlook and suggests that recent economic and policy developments are beginning to stabilise the country's credit profile. It also reflects a cautiously positive assessment of government efforts to strengthen public finances and support long-term growth prospects.


Our economics reporter innocent Semosa has more.

South Africa's (SA) credit outlook has received a boost after Fitch Ratings upgraded the country's long-term foreign and local currency credit ratings from "BB-" to "BB."
SA's treasury says the upgrade signals improved investor confidence in SA's fiscal outlook and suggests that recent economic and policy developments are beginning to stabilise the country's credit profile. It also reflects a cautiously positive assessment of government efforts to strengthen public finances and support long-term growth prospects.
 Our economics reporter innocent Semosa has more.

"Fintechs can create accurate credit profiles for the unbanked," says Clayton Hayward, Group CEO of EFT Corporation

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