Managers of Wealth Africa

The Unforgettable Lessons That Hackers Have Taught Top Businesses

It has become evident to us that there are two firms across industries – ones that have been hacked and those that are going to be hacked.

MTI and Cajee brothers' Bitcoin scandals prompt quicker move for crypto regulations

The brothers are still at large, but one, Raees Cajee, told Dow Jones on Monday only about $5 million (R71 million) was missing

Will private cryptocurrencies be eclipsed by the rise of central bank digital currencies?

Extreme volatility often has a negative connotation because many investors associate volatility with market chaos, uncertainty, and loss.

CR2 Market Insight: African Banking and Payments Trends

A quick snapshot of banking and payment trends in Africa offers encouraging news for banks on the continent and opportunities for growth

Banks Urged to Rise to Fintechs’ Challenge

It also rated Access Bank, the United Bank for Africa, Guaranty Trust Bank, Zenith Bank, and Stanbic IBTC Bank as stocks to buy.

South African brothers deny role in $3.6bn Bitcoin ‘heist’

As regulator raises red flag on ‘Ponzi-like’ tactics used by their firm

Blockchain and Crypto Will Play a Big Role in Financial Inclusion in Africa

These numbers are likely to keep rising, and show an interesting trend as well, in that while cryptocurrencies are largely used by companies and financial traders elsewhere in the world, they are being primarily used for commerce in Africa.

SA Bitcoin brother: 'Only' R71 million is missing

The statement on Monday from the lawyers came just two days after their first public defence of the brothers who'd been accused of vanishing along with an estimated $3.6 billion (R51 billion) in Bitcoin from their Africrypt investment platform.

GrEEn Project partners with Fidelity Bank and Viamo to improve access to financial services

For Ghanaians living in remote areas, limited digital and financial literacy have hindered access to such services.

AFF panel: Digital IDs to boost financial inclusion in Africa

Tom started the discussion by noting the four key attributes that make up a Digital ID – that it is verified and authenticated; unique; established with individual consent; and ensures user privacy and control over personal data.

Bitcoin Daily: Nigerian School To Take Crypto For Fee Payments; JPMorgan Bearish On Bitcoin

The report finds that the school, the New Oxford Science Academy Chiranchi, took on crypto payments as a way to make it easier on the payment of school fees.

Trail of SA brothers linked to missing Bitcoin stash is still murky

A "To Let" sign could be spotted Saturday, fastened to a glass door of vacant office premises in Johannesburg’s upmarket Rosebank business hub that were listed in Africrypt’s communication with clients.

Scammers Create Bitcoins Wallet And Disappear $3.6 Billion From South African Investors

At that time, when its users started complaining and suspicions were raised, the brothers called for calm and asserted that the reason behind it all was that the company was the victim of a hack.

Tanzania’s Central Bank Working on Reversing Crypto Ban, Following President’s Directive

The Bank of Tanzania prohibited the use of cryptocurrency assets in the country back in November 2019, saying that they were illegal.

South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

In this latest document, the IFWG recommended that South Africa should now consider regulating cryptocurrencies.

NCBA Bank: Investing in Technology to Offer Inclusive Financial Services

NCBA Bank took on an ambitious project with Huawei through its partner, MuRong Technology, which would see it build a next generation core banking system

HSBC corporate clients to transfer funds locally in near real-time via IPS

This service is available on business days with a cut-off time of 3pm, using its Global Net Banking channel, HSBCnet.

Crypto exchange VALR provides new payments tool

“The cost and friction of payments in South Africa is too high,” says Farzam Ehsani, VALR co-founder and CEO.

Communication Authority launches mobile app for cyber crime reporting

The Communications Authority (CA) of Kenya has launched a mobile application for reporting cybersecurity incidents, following a surge in detected cyber threats during the Covid-19 pandemic.

Demand For Finance Apps At ‘All Time High’ In Sub-Saharan Africa: Report

With 56 per cent of the population in Nigeria ‘unbanked’, many are turning to apps to access key financial solutions including: loans (43.3 per cent), financial services (35.6 per cent) and investments (20.3 per cent). Africa as a whole record

FinTech