Managers of Wealth Africa

Bitcoin more valuable than any global bank

Bitcoin comfortably outmatched the world’s most valuable bank, JP Morgan Chase with a market value of $630 billion.

Ecobank Group launches an eCommerce solution for African MSMEs

Ecobank has operations in East, Central, West, and Southern Africa with 1,300 branches across 36 countries

2020 was pivotal for Rwanda’s cash-free future

From January to April this year, the value of funds transferred via Mobile Money grew by 450 per cent to reach Rwf40 billion, according to data from Rwanda Utilities Regulation Authority (RURA).

Saccos need revamp of banking systems

It is laudable that many are on the digitisation journey.

Overview of Fintech in Africa in 2020 and Predictions For 2021

There has been hope through vaccine breakthroughs but that will depend on logistics, availability, and acceptance.

CBC charting an integrated digital common payment policy for MSMEs within COMESA

The outcomes of the meeting will underpin the development of a business model and infrastructure for a low-cost retail digital payment scheme for MSMEs within COMESA region.

ZTE completes the deployment of Mauritania national backbone network

In terms of international network interconnection, Nouakchott, Mauritania’s capital, serves as the landing point for the cable system of Africa Coast to Europe (ACE), further enhancing the international network interconnection between the two contin

Ghanaian fintech startup Zeepay raises $940k seed funding round

It has now raised a US$940,000 seed round from GOODsoil VC, an Africa-focused early-stage venture capital firm founded in 2017, which will enable Zeepay to continue to scale.

Xoom opens remittance corridor to Africa

A pioneer in digital remittances, Xoom is a fast and secure way to send money, pay bills and reload phones for loved ones in over 160 countries globally.

Digital Transformation Within Kenya’s Financial Sector

The subsequent panel discussions were centered on three key aspects namely cashless and digital payments, next-generation digital platform, and the relationship between FinTechs and banks.

Proposal to define crypto assets as financial products in South Africa doesn’t ‘legitimise’ them, experts warn

That the FSCA should become the responsible authority for the licensing of ‘services related to the buying and selling of crypto assets, and should develop specific conduct standards for these services.

Banks take the lead in embracing digital payments

According to a research paper published by the Boston Consulting Group (BCG), the volume of digital payments is soaring and by 2020 is likely to approach $5 trillion worldwide.

SFF spotlight on digitisation of the Afro-Asia SME corridor: A multi-trillion economic zone

Significantly for Africa, this momentous event marked the start of discussions between Singapore’s central bank MAS and the Bank of Ghana, the Western Africa country’s central bank

Mental wellness platform Lyra Health is raising up to $175M at a $2.25B valuation

Right now it’s available in Kenya and Nigeria, which have a combined population of over a quarter of a billion people.

BankBI Integrates with Musoni

Musoni specialises in helping organisations to digitalise their operations.

Kenya, Tanzania and Rwanda rank top for rapid digital growth, demand

This adds to other cables serving Kenya such as Seacom, East African Marine System (Teams), Eastern African Submarine Cable System (EASsy) and Lion2 systems.

Bank-FinTech Collaborations Digitize Trade Finance, Enhance Online Banking

Synctera left stealth and emerged with news that it landed $12.4 million in seed funding, according to published reports.

Digitalisation to help Nigerian banks reduce cost

The four dimensions, according to the report, are scale, efficiency and productivity, data and analytics as well as talent hunt.

Kenya-based fintech wins 2020 AFI Inclusive Fintech Showcase

The showcase is an initiative operating under the 2018 Sochi Accord with AFI’s membership that aims to participate in systemic dialogue-driven platforms and partnerships with fintech firms and technology providers that regulate policies.

Standard Bank: Accelerating towards Africa’s digital future

In South Africa, the government granted temporary emergency wireless spectrum to operators to allow them to add network capacity and implement upgrades to deal with the crisis and manage for the increased demand.