Managers of Wealth Africa

Ransomware attack took down R2 trillion investment company for five days

The attack is believed to have occurred on 19 January

Crypto giant Binance restricts 281 Nigerian accounts

Despite a central bank ban, Nigerians have continued to turn to crypto for business

Ghana’s process for adding banking to its biometric card is a flawed one

The Ghana Revenue Authority will also replace tax identification numbers to match the Ghana Card pin number starting March 31.

Why Cyril is going after Telkom

Telkom is suing Icasa because it’s unhappy with the way the communications regulator has managed the process of licensing spectrum

After 160 Years, Standard Bank Goes 99% Digital During Pandemic

The pandemic and the ensuing lockdown across the continent coaxed Standard Bank’s customers into switching to digital banking.

What does the future hold for fintechs and open banking in Africa?

The migration to online financial services has already accelerated at a dramatic rate, creating a boom for fintechs.

Network International releases Tap on Phone tech to merchants in the Middle East and Africa

Making sure that SMEs have all the support they need to go digital and grow digital is a key focus for Mastercard and Network International.

Banque du Trésor signs with Capital Banking Solutions

Banque du Trésor has also selected CapitalCompliance™ from Capital Banking Solutions, to strengthen its compliance requirements, prevent money laundering and tax evasion, and comply with FATCA reporting.

Banque du Trésor signs with Capital Banking Solutions

CapitalCompliance will allow BDT to reduce regulatory and reputational risk and thus avoiding negative impact on their business.

Angel investors plan rare SPAC targetting African startups

The duo have invested in more than 50 startups as well as in Acuity Ventures, an early-stage venture capital fund

South African banks expect breakthrough blockchain year

Hyperledger builds enterprise blockchain ecosystems through global, open source collaboration.

FSS partners with UAE's first digital banking platform

Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform

Oracle Opens Data Centre to Provide Cloud Services Across Africa

Oracle is racing to open at least 44 cloud regions this year as it plans to catch up with cloud computing rivals such as Microsoft, Amazon and Google.

Finclusion raises $20M to build out credit-led neobank offering across Africa

Finclusion Group, a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing.

Standard Bank launches platform to get working capital to African MSMEs

More than 70% of retailers who were onboarded were eligible for credit after the initial 30-day period, and over 80% of those who used credit once went on to become repeat borrowers.

The future of FinTechs and open banking in Africa

As the payments phenomenon became truly global during the pandemic, Africa has emerged as a new FinTech hub.

Finclusion raises $20M to build out credit-led neobank offering across Africa

The fintech intends to grow existing operations in South Africa, Eswatini, Kenya, Namibia and Tanzania and expand into Mozambique and Uganda.

British fintech firm raises $7.4m for emerging markets

Fintech Farm partners banks to enter new markets instead of getting its banking license.

African Development Bank Board approves US$170 million for investment in Nigeria’s digital and creative start-ups

The programme targets more than 68 million Nigerians aged 15 to 35 years who are recognised as leaders of innovative, early-stage, technology-enabled start-ups or as leaders of creative sector micro, small and medium sized enterprises (SMEs).

Innovations that will reshape business in Kenya in the future

As 2021 has come and gone, many businesses are still responding to changes in the business environment brought on by the COVID-19 pandemic.