02/10/2021
The rise in cyber threats have seen businesses lose billions of shillings and sensitive information to hackers. This has forced firms, especially in the financial sector, to be vigilant.
02/10/2021
The acquisition is subject to suspensive clauses and the approval of the concerned authorities.
02/08/2021
“Most borrowers initially were borrowing with no intention to pay back.”
02/08/2021
Gwadabe said the new changing global behaviour towards cryptocurrency trading in Nigeria is not in tandem with Nigeria’s AML/CFT compliance structure as the country battled to move out of the Financial Action Task Force (FATF) sanctions list.
02/05/2021
This promising cooperation aims to co-finance Chinese investment in Africa, either by setting up joint ventures or by direct bank financing based on the group’s large African network.
02/05/2021
The South African Revenue Service (SARS) is auditing taxpayers’ returns, requesting disclosure on cryptocurrency holdings and trades, MyBroadband reported, citing information from Tax Consulting South Africa.
02/04/2021
His focus is the salaried people and customers are only required to give their national identity card and pay slips to get the e-loans via Little Pesa app.
02/04/2021
Now, China can launch its digital currency on top of this stack, running on specially designed chips embedded deep within dozens of popular Chinese phone brands that dominate Africa.
02/04/2021
The Universa Blockchain will power the bank’s operations, aiding in processing crypto transactions.
02/03/2021
Ndlovu says financial inclusion remains a massive challenge in the region and across the continent where millions of people are either unbanked or severely underserved.
02/03/2021
The organisation’s partnership with the largest pre-seed accelerator, The Founder Institute, supports female entrepreneurs in setting up business goals and upscaling operations in the Nigerian educational ecosystem.
02/02/2021
While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow.
02/02/2021
“Discussions are ongoing between the parties and there can be no certainty that a transaction will be concluded or as to the final terms of any transaction.”
02/02/2021
Fintechs are also increasingly collaborating with – rather than competing against – established banking incumbents
01/29/2021
What European fintechs can learn from Africa
To survive, fintechs must ensure a path to profitability and create long-term sustainable business models.
01/28/2021
Nigerian wealth management platform Cowrywise raises $3m funding
Cowrywise has been expanding its offering of late, and that process is set to continue after it secured US$3 million in pre-Series A funding
01/27/2021
While the agreement is not a silver bullet, due to structural barriers to trade, Group Managing Director, Access Bank Plc, Herbert Wigwe, said he saw many benefits to his bank and the various African economies within the AfCTA deal.
01/26/2021
This disparity stems from the fact that the traditional method of calculating insurance through farm visits is often unaffordable for these smallholder farmers.
01/25/2021
In 2020 alone, the portfolio returns ranged from 24.1% to 5.2% for those same portfolios, and consistently outperform their same-risk benchmarks.
01/25/2021
Richard da Sousa of AltcoinTrader makes his predictions for 2021.