Visa to Invest $1 Billion in Africa After Opening New Offices
- Payments giant has recently added offices in Sudan, Ethiopia
- Investment will take place over the next five years, Visa vows
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Visa Inc. will invest $1 billion in its business across Africa as the technology giant seeks to push adoption of digital payments across the continent.
The investment will be spread over five years, Chief Executive Officer Al Kelly said during the U.S-Africa Business Forum in Washington, DC, on Wednesday. The forum is taking place alongside the US-Africa Leaders Summit, which drew about 50 heads of state and senior government officials from African countries to address issues related to Covid-19, food security and the climate crisis.