Managers of Wealth Africa

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.

Auditors must upgrade skills in digital world -Expert

The journey has already begun, the digital role of audit in each organisation must be defined

Ghana prepares to test its digital currency, the eCedi

The Governor of the Bank of Ghana, Ernest Addison, has listed financial inclusion as its top objective and chose to test the eCedi in an area where there is little to no connectivity infrastructure.

FMBN Set to Deploy Core Banking Solution to Improve Affordable Service Delivery

The FMBN MD/CEO gave the progress update last month while hosting the leadership of the Mortgage Banking Association of Nigeria at the bank’s headquarters in Abuja.

Kenya is the African Leader in Crypto Adoption (Report)

8.5% of Kenya’s population, or 4.25 million individuals, possess digital currencies, which is the highest adoption rate in Africa, a UN research discovered.

South Africa is launching a new banking payment system this year – what it means for you

The project is in the implementation stage and barring unforeseen circumstances should be launched into pilot later this year.

FNB Community Bank enlists Teslar to automate lending processes

With Teslar, FNB Community Bank can better track exceptions and manage documents, increasing visibility into the pipeline and empowering lenders with easier access to relevant borrower and portfolio data.

Central African Republic launches official digital currency ‘Sango Coin’

These elaborate plans have, however, been met with some skepticism from observers.

Mono Grows Nigerian Open Banking Platform Into Kenya

The company’s growth into Kenya also means internet businesses can build new offerings and experiences in lending, buy now, pay later (BNPL), finance and asset management, mobile money and other areas.

Nigerian fintech Moove lands $20m from British International Investment

Launched in 2020, Moove provides revenue-based vehicle financing and financial services to mobility firms.

AIOps provider ScienceLogic expands to South Africa

In the last year, South African research house, BMI-T, valued the South African AIOps market at R914 million, with R374 million of annual spend in the financial, business and other services sector.

CoinMENA joins Visa’s Fintech fast track program

The company will also leverage the Visa Fintech Fast Track program to introduce a series of partner initiatives specifically designed to simplify onramp and offramp operations for its users.

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