Latest News for: African financier

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Cuban Parliament approves declaration for Africa Day

Jamaica Observer 16 May 2022
The Parliament also ratified the gratitude for the resolutions passed every year by the African Union against the economic, commercial and financial blockade imposed by the United States on the largest of the Antilles, while expressing gratitude for the countless expressions of ...
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South Africa’s central bank takes control of small lender Ubank

Metro USA 16 May 2022
JOHANNESBURG (Reuters) -South Africa’s central bank said on Monday it had placed Ubank Ltd., a small South African lender primarily offering financial services to families of gold and platinum miners, under a curatorship with immediate effect. South African Reserve Bank ...
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Some parallel experience

China Daily 16 May 2022
International aid has made African agriculture undergo numerous reforms and adjustments ... African agriculture has been subject to various disturbances in the process of globalization, and its contemporary agricultural system is not a continuation of its original food system ... Such legacies have profoundly shaped the development of African agriculture.
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South Africa's Vodacom targets a quarter of group revenue from digital, financial services in medium term

Reuters 16 May 2022
It is betting on millions of Africans that still don't have access to financial services and on the continued growth of smartphone adoption and internet penetration on the continent.Register now for FREE unlimited access to Reuters.com ... Revenue from financial services, the ...
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Africa Fintech Summit Washington D.C. 2022- Where African & Global Fintech Stakeholders Met in April

Business Ghana 16 May 2022
would connect African entrepreneurs with some of the U.S ... Africa Fintech Summit is a global knowledge-sharing platform that connects innovators, regulators, entrepreneurs and facilitates conversations and partnerships that help them explore financial technology solutions to improve African individuals, economies and societies.
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SARB places struggling Ubank under curatorship

Independent online (SA) 16 May 2022
The South African Reserve Bank (Sarb) has placed the struggling Ubank ... “This is being done to proactively mitigate the adverse consequences on Ubank's depositors, and to preserve the stability of the South African banking and financial services sector as a whole,” Kganyago said.
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MICT’s Merger Target Announces its Q1 2022 Results

Kentucky New Era 16 May 2022
... company serving the African and Asian markets with a global expansion strategy ... The Tingo’s strategic plan is to become the eminent Pan African Agri-Fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses.
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SA banks caught up in financial shenanigans in Namibia

Independent online (SA) 16 May 2022
Investopedia, the world's leading source of financial content on the ... When it comes to reputational risk it would appear that some South African banks have recently been caught up in financial shenanigans that don’t reflect too well on their reputations in the neighbouring Namibia.
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South Africa places mining workers’ bank under administration

Mining Dot Com 16 May 2022
... depositors, and to preserve the stability of the South African banking and financial services sector as a whole,” he said.
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TINGO, INC. RELEASES RESULTS FOR FIRST QUARTER OF 2022

Kentucky New Era 16 May 2022
Company’s NWASSA Financial Technology Platform ... First Quarter 2022 Operational and Financial Highlights. ... The Company’s strategic plan is to become the eminent Pan African Agri-Fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses.
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Central African Banking Regulator COBAC Reinstates Crypto Ban Still Effective

BitRSS 15 May 2022
Key Takeaways.. COBAC reminded CEMA members that the crypto ban is still effective. The ban comes amidst the Central African Republic’s decision to adopt bitcoin as the country’s “currency of reference.”. An African financial regulator, the B ... .
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History in the making: Sekunjalo Group takes a stand against Mafia banks

Independent online (SA) 15 May 2022
This is set to go down in South African history since it is the first time an entire business group is standing up to the might of the financial sector in this way ... who have historically been disadvantaged and prevented from having access to finance, and financial instruments.
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Central African Bank warns its members of crypto restriction

Cryptopolitan 14 May 2022
The (COBAC) supervises the economic sector in the six nations that make up the Central African Economic and Monetary Community (CEMAC) ... Bitcoin as a legal tender will hinder financial stability ... Last week, the Employers Union of Cameroon said that armed organizations in central African countries use Bitcoin to conceal their financial operations.
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Hello darkness, my old friend: Economists warn of tough times ahead for South African households

Independent online (SA) 14 May 2022
Now economists are warning South Africans that darker and tougher financial times lay ahead ... He said the increase in load shedding would also have a severe economic impact on South Africans ... These are hard and difficult times for South African households.” ... Mondi said it was also important that South Africans begin to save their money.
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Split views on Icasa’s plan to link biometric data to sim cards as experts warn ...

Independent online (SA) 14 May 2022
If successful, the new regulations would require all South Africans to provide their biometric data to mobile service providers to obtain a new cellphone number or action a sim swop ...Biometric technology is already a common security feature offered by financial service providers like banks and insurers to protect consumers.

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President Joe Biden signs S. 583, the “Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions Act of 2021” or the “PRICE Act of 2021,” Tuesday, February 22, 2022, in the Oval Office at the White House.
White House / Adam Schultz
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