Latest News for: African financier

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Ease business cost: Experts to African crypto currency, integrated capital markets

Ghana Web 07 Dec 2021
... experts said at the 2021 African Economic Conference on Friday ... Emmanuelle Riedel Drouin, head of the Economic and Financial Transition Department at Agence Française de Développement, supported the idea of a pan-African cryptocurrency but said there were some prerequisites.
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MarketForce partners with Cellulant to expand in five new markets across Africa

Business Ghana 07 Dec 2021
“We have been piloting this partnership for six months and are happy to announce the plan to extend the fruitful relationship we have built with MarketForce in Kenya…This collaboration will make our digital financial services available to millions of Africans, with ...
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FIFA’s love affair with CAF is fuel for world football bust-up

Independent online (SA) 07 Dec 2021
By the looks of things, the inaugural version could consist of 20 clubs from 13 African countries ... "It seeks to help African soccer clubs grow or, in some cases, survive, providing the financial stability to continue their valuable work of developing young talents and taking them to a higher stage.”.
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Payment Service Banks are critical to Nigeria’s financial inclusion drive – 9PSB CEO

Business Day Online 07 Dec 2021
The Chief Executive Officer, 9PSB, Branka Mracajac has stressed the importance of Payment Service Banks (PSBs) in supporting the country’s financial inclusion drive ... “From 2012 we have seen appreciable progress in the country’s financial inclusion implementation journey ... Nigeria like UN calls travel ban on African countries ‘Apartheid’.
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Africa: Experts believe a common crypto can boost trade & aid economic recovery

AMB Crypto 07 Dec 2021
With several African countries ranking high on adoption indexes, digital ...
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Will a biennial World Cup be good for Africa?

Mail Guardian South Africa 07 Dec 2021
The leadership of the Confederation of African Football (CAF), under Patrice Motsepe, has made its stance clear from the start ... “African football must be put in a fundamental position to benefit financially.” ... There are more specific African concerns, too ... How would such an upheaval to the calendar affect African football?.
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GFA not capable of sponsoring Ghanaian clubs to play in African tournaments – Henry Asante Twum

Ghana Web 07 Dec 2021
However, for Henry Asante Twum it will be a huge burden for the GFA to fund clubs for African tournaments since the FA does not have the financial muscle to do so ...Truth be told I doubt if Hearts of Oak have that financial muscle to do that, maybe government could have in to ...
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Nampak buoyed by turnaround in metals, surges to annual profit

Independent online (SA) 07 Dec 2021
He said Nampak had a successful financial year, driven by the recovery of all the South African metals operations, significant growth of the Nigerian beverage can market, new customers in Zambia, and continued strong demand for the group’s products in Zimbabwe ... “We expect improved demand in all areas of our business in the new financial year.
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World Bank says its funding helped deliver 100 million Covid-19 vaccine doses

Straits Times 07 Dec 2021
Speaking at a conference hosted by the United States Agency for International Development, Mr Malpass underscored the need for rich countries to fulfil their generous dose donation pledges as quickly as possible, and unveiled a new database to track which countries needed financial and operational support.
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UNIVERSAL BASIC INCOME (UBI) – a timely solution for Africa’s impoverished?

B & FT Online 07 Dec 2021
But let’s bring our minds home to Ghana and other African countries. In today’s African society, millions are facing severe issues like increasing financial challenges, adverse economic conditions from lockdowns and business closures due to this pandemic, increasing inflation, decreasing opportunities for employment, food insecurity, and many more.
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Africa needs its cryptocurrency, integrated capital market to ease business costs - Experts

Ghana Web 06 Dec 2021
... experts said at the 2021 African Economic Conference on Friday ... Emmanuelle Riedel Drouin, head of the Economic and Financial Transition Department at Agence Française de Développement, supported the idea of a pan-African crypto currency, but said there were some prerequisites.
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DAVID MONYAE: Africa must be more proactive in its relationship with China

Business Day 06 Dec 2021
The action plan is a road map for Sino-African relations between forum meetings ... In contrast, the 2021 only has a total of $40bn in financial commitments ... Only $10bn in credit lines will be availed to African financial institutions ... Even the $10bn credit lines will only be made available to African financial institutions, not to governments.
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Binance educates over 400,000 Africans on cryptocurrency, expands to Francophone Africa

Algeria Times 06 Dec 2021
By the end of 2020, over 70,000 Africans were educated in the first year of the launch of the Masterclass. Binance has since doubled down on its efforts, providing education resources to over 177,000 Africans in Q1 2021 and over 179,500 in Q2 2021- creating the education infrastructure Africans need to be financially free and informed.
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Today’s front pages: Monday, December 6, 2021

Joy Online 06 Dec 2021
Afenyo-Markin exposes NDC over ‘fake’ stance on E-levyAkufo-Addo, Cyril Ramaphosa condemn travel bans on African countries over Omicron variant. Business and Financial Times ... Travel ban on African countries unacceptable – Akufo-AddoMP on property grabbing spree.
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Collaboration is the new competition – Absa MD

B & FT Online 06 Dec 2021
Led by David Pilling, Africa Editor of the Financial Times, the panellists covered several areas, including impact of the Omicron variant of COVID-19 on African economies, financial sector regulation and cross-border transactions aided by digital currency ... Most opponents to the model worry about the risk of decentralisation to the financial system.
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