Managers of Wealth Africa

Africa: new playground for crypto scams and money laundering

The continent’s crypto market is still comparatively small, but the options for fraudsters and cyber criminals abound.

Is the blockchain a player in renewable ewnergy in Africa?

There is evidence that the pandemic has helped accelerate Africa’s energy transition, although electricity access will need to follow suit.

East Africa’s fintech future

In terms of regulatory progress, fintech in Africa is forward-thinking but there is no uniformity in regulations, said host and Afriwise communications specialist Emma Hooper, speaking at the event.

Airtel Africa sells minority shares in Mobile Money subsidiary

According to him, Africa still has a huge untapped potential in mobile voice, data, and money due to the low penetration levels.

Gulf businesses learnt value of digitising cash transactions during pandemic and it will do them good

Middle East businesses need to speed up digital change at same speed their banks do

Speculative nature of bitcoin means a zero-sum game for investors

Investing in cryptocurrency like Bitcoin is akin to playing the lottery and investors must practice caution when including speculative asset classes in their portfolio.

Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

As a result, customers are thus able to exercise unlimited control with the new code as the Account Blockade can be initiated from any phone to prevent any unauthorised transaction or access to the Bank Account.

MiVoice app is SA’s first free digital wallet

Aside from the security issues, being unbanked means that you cannot start building a credit history for future borrowing, receive direct deposits, or access safe ways of transferring and saving money.

Ivory Coast fintech Julaya raises $2 million in pre-Serie A round

Julaya’s customers comprise small businesses, major corporations, and government agencies.

BCG launches its BCG Platinion subsidiary in Morocco

“North Africa is a critical element of BCG’s global, digital expansion plan; and ensuring that we have feet on the ground in the region is the first step in our commitment to bringing the latest technologies and solutions to the market.”

Central Bank Governor: South Africa's Digital Currency Study Ongoing

However, as the recent Mybroadband report quotes Kganyago explaining, the SARB’s e-rand study will also seek to understand the feasibility of issuing the CBDC for retail purposes.

The Fintech Landscape of South Africa

Despite current economic challenges with some of them, the five nations do still represent large populations and emerging markets and opportunities.

Digital Transformation: A Necessary Disruption

A number of banks in the economy have branches although off late banks have reduced the reliance on these branches and are attempting to replace expensive branches with inexpensive technologies.

How Emotional Design fits inside a great CX

Reviewing the various research it’s easy to conclude that customers who have an emotional connection with a brand have a 300% higher lifetime value

Uganda's central bank says new technologies offer mixed bag to banking industry

While the transformation may polarize the market by excluding those segments with low levels of digital and financial literacy

Nigeria to Launch Digital Currency, 'E-Naira', in Oct - Central Bank

Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February.

Young population to boost asset management industry in Africa

Growing adoption of digital technology seen spurring demand for investment products

More Nigerian banks are using chatbots to serve customers, but with mixed results

Nigerian banks have started to use chatbots despite the inherent challenges of low adoption of digital technology, poor internet access, limited number of smartphones users and even security concerns.

Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets

Namibia, as a member of CMA, is obliged to pursue foreign exchange and monetary policies that are consistent with those of the three other member countries.

GTBank embraces disruption by building its own fintech

The pandemic has presented challenges to most banks, domestic and global, but some institutions have used the disruption as an opportunity to make changes that will serve to realign them for a new era

FinTech