Managers of Wealth Africa

Ongoing: Unknown “Malicious Actor” Drains Millions From This Crypto Blockchain

Engineers are currently working with security researchers and ecosystem teams to identify the root cause of the exploit, which is currently unknown.

Fintechs in Kenya Face Severe Consequences From CBK for Dealing Without Licensing or Authorisation

The move comes days after CBK Governor Patrick Njoroge told the media at the Monetary Policy Committee meeting that the two fintech firms were not licensed to provide remittance and payment services in the country.

Tyme Bank Makes Major Moves in SME Fintech with New Acquisition

“Together, we look forward to providing access to innovative solutions to ensure business owners can fuel their growth, drive job creation and contribute to the broader economy,”

3 QR Code-based payment systems used in Africa

After the quick adoption of mobile payments in Africa, QR codes – a simple technology entered the payments sector, ensuring safe transactions for customers and merchants.

Nedbank Joins Forces With Digital-Deal Maker for its Customers

The new partnership will enable Nedbank’s clients to grow their business on a trusted and world-recognised platform.

Software Firm Odoo Says Jambo to Kenya

The firm began operations in its Kenyan arm on 1 July 2022, and it is reportedly seeking to hire 50 new employees to fill the new offices within a year.

Zimbabwe launches gold coins as legal tender to tackle hyperinflation

According to the International Monetary Fund, inflation in Zimbabwe reached 837% (year on year) in July 2020 and, although tighter fiscal policy helped reduce it to 60.7% by the end of last year, it remains in the high double-digits.

Tanzanian fintech firm eyes a piece of Kenya's Sh420 billion remittance pice

“This partnership will allow our customers to send money directly from their banks, through the Nala app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets,” said Mr Fernades.

Nigerian firm, Temenos enhance Ghanaian bank’s digital growth

The platform will re-imagine customer engagement and the efficient delivery of consistent, and seamless experiences across multiple channels.

South Africa’s banking sector is desperate for these skills

Cybercrime has grown exponentially as a risk to banks, and there is an increased demand for cybersecurity skills

Momentum Investments Selects SS&C Sylvan

Leading South African firm selects award-winning solution to advance performance measurement activities

Fintech Landscape of Turkey in 2022

Its unique historical and cultural bridge between Europe, the Middle East and Asia puts the country in a favourable position with respect to economic growth.

Do central bank digital currencies have a future in Africa?

Fintechs are queuing up to offer their services to implement CBDCs, but does the lack of success of Nigeria’s eNaira mean governments should be cautious about this revolutionary initiative?

Cassava Wins $50-Million Investment for Africa’s Cybersecurity

Cassava Technologies has operations in more than 20 African countries and has been at the forefront of bringing innovative technology solutions to local businesses and individuals.

Several African Fintech Startups Shut Down Services Amid Shady Activity

BIN is the first 4 to 6 numbers on a payment card to identify the card issuer.

Robots take up the cybersecurity fight, SLVA Cybersecurity

Every day more and more people and businesses are held to ransom as exposed vulnerabilities are exploited by criminals.

Mobility fintech Moove Africa raised US$200 mln in 2020-2022

The deal is Moove Africa's first transaction with an African bank.

South Africa testing ‘digital rand’

The South African Reserve Bank has previously tested a digital currency for local use as part of its Project Khoka programme, which looked at using blockchain technology to speed up payment systems in the country.

StashAway launches industry-first Flexible Portfolios

It is the first product in Mena that offers investors the choice to customise their portfolios with ease. Flexible Portfolios allows investors to pick the asset classes they want, decide their exact allocations, and change them any time

African FinTechs set to supercharge business growth, employment

FinTechs help to leapfrog incumbent ways of banking and doing business, while enabling entrepreneurs to optimise their operations in a seamless and affordable manner.