Managers of Wealth Africa

More African central banks are exploring digital currencies. Here's why

Several sub-Saharan African central banks are exploring or piloting new digital currencies, as this chart shows.

SA’s first private bank for crypto

OVEX has positioned itself as SA’s first private bank for cryptos, opening some surprising use cases for hedge funds and asset managers.

Insurtech company wins at the inaugural Viva Africatech awards

This was reiterated during the first-ever Viva Africa Tech awards which took place from 15 to 18 June 2022 in Paris

Absa Bank, Visa Partner To Launch Seamless Money Transfer Service

The service will have a maximum transaction value of Sh1million, for both domestic and international transactions.

4 cybercrime trends that South Africans need to know about

Cybercrime has become a very lucrative business for cyber criminals

E-commerce, payments and unlocking the potential of the AfCFTA: Africa

Successful implementation could see 30 million people lifted out of extreme poverty while raising the incomes of 68 million more, according to the World Bank

Digital currencies: These African central banks are exploring CBDCs

Following Nigeria’s October introduction of e-Naira, South Africa and Ghana are running pilots

Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa

Fido broadens access to financial services through automating banking services such as customer onboarding, credit analysis and fraud detection.

Firms in digital race to stave off supply chain disruptions

Warehouse fees went up at ports and the cost of importing materials rose.

Africa-focused fintech startup Fido raises $30M

This brings the company’s total funding to $38 million thus far.

State of Open Banking in Europe, Africa and the Middle East

Many of the central tenets of OB have their origins in the free-market economics and open-source software movement of the late twentieth century.

BIS compares projects to transfer central bank digital currencies across borders

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.

Bank of Ghana rolls out mobile wallet

Addison says that the new wallet will help to expand the use of electronic payments, building on the success of the GhIPSS Instant Pay service over the last decade.

Regulation, (Competitive) Risk and Resilience Dominate the EMEA Transformation Agenda

Another key theme for the industry over the last decade or so has been regulation.

Nigeria Exchange to use blockchain in settling transactions

The Nigerian bourse would partner with a technology business and obtain regulatory clearance before launching in 2023

Why cryptos aren’t allowed, by CBN

Obiora said the Nigerian central bank put all its resources together and the CBDC was first established in a sandbox environment in 2017.

Kenya, Nigeria central bankers criticise crypto, tout digital currencies

Nigeria's eNaira digital currency, introduced last October, is a boon for inclusion, Kingsley Obiora, deputy governor of the country's central bank, said

Africa's first Global Startup Awards to showcase the continent's most promising innovators

Hosted by the Global Innovation Initiative Group (GIIG), the event is a culmination of a six-month-long process of extensive and rigorous research

South Africa is a startup powerhouse that leads the continent for exits, finds new report

It also includes the full list of startups tracked for the purposes of the report.

PayU strengthens presence in Africa with Ghana entry and new BNPL and QR-based product offerings

Through PayU’s partnership with Payflex, consumers in South Africa now have the ability to pay in four equal and interest-free instalments, creating greater access to funding and autonomy on how consumers pay.

FinTech