Latest News for: African financier


Illicit financial flows a major challenge for African nations

Independent online (SA) 14 Aug 2022
African leaders and their US counterparts will be deliberating on issues of concern to both and either sides ... When reading this 2020 report titled “Tackling Illicit Financial Flows for Sustainable Development in Africa”, themes such as African agency and the AU’s seven priority areas spring to mind.

Cryptocurrencies are gaining ground across Africa. That’s both good news and bad

Independent online (SA) 14 Aug 2022
Cryptocurrencies have become popular in African and other developing countries ... In June, the Central African Republic adopted bitcoin as a legal tender. The report warns that widespread use of unregulated digital currencies poses danger to the continent’s financial system ... This can facilitate economic activity in African countries.

African soccer launches super league amid big financial loss

The Grio 14 Aug 2022
CAF and its president, Patrice Motsepe, didn’t announce which 24 African clubs would take part in the first season ... However, Motsepe offered no concrete details of where the money to fund CAF’s new cross-continent league would come from, with the African soccer body in financial difficulties.

The Guptas’ Arrest Must Set An Anti-Corruption Precedent In South Africa

OWP 14 Aug 2022
The UAE’s capture of the Gupta brothers could also aid anti-corruption struggles across the African continent as it demonstrates that a Gulf nation is eager to debunk its reputation as a safe haven for financial criminals from the continent ... to the South African people.
photo: Creative Commons / Marco Verch
Bitcoin cryptocurrency mining concept

What factors often drive a country’s acceptance of Bitcoin as legal tender?

Financial Express 14 Aug 2022
It should also be highlighted that regimes that make Bitcoin legal tender claim to be providing financial inclusion to their people. However, financial inclusion is frequently preceded by mobile and internet penetration ... The Central African Republic is the second country to accept Bitcoin as legal money (CAR).

Fintech firms ramp up investments in Kenya’s microfinance space

Mail Guardian South Africa 14 Aug 2022
Microcredit banks in Kenya are attracting overseas online intermediate financing firms that are seeking a foothold in the East African state’s vibrant fintech ecosystem ... UMBA and other digital lenders are expected to boost financial inclusion in that market and deepen access to credit for many small businesses.

Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor

Bitcoin 14 Aug 2022
He said. ... At the same time, the results that are derived from the regulatory testing are expected to furnish the RBZ with “critical evidence in the formation of an appropriate regulatory framework for financial technology in the country.”. Register your email here to get a weekly update on African news sent to your inbox. ... ....

Akwaaba organiser Donnaray Roc aims to strengthen Jamaica-Ghana linkage

Jamaica Observer 13 Aug 2022
But something was missing — an African presence ... ties with the West African country ... Roc admits there was initial culture shock but follow-up visits encouraged her to seek dialogue with government officials about establishing an African-Caribbean hub with strong financial promise.

Any alternatives to the International Monetary Fund (IMF) Africa should be looking at?

B & FT Online 12 Aug 2022
This is done by providing financial assistance to countries facing economic difficulties. In recent years, the IMF has been involved in providing bailouts to several African countries that are struggling with their economies ... Second, African countries often have weak domestic financial markets ... Fourth, many African countries have weak institutions.

ANALYSIS - Shaking Françafrique off the shoulders of Africa

Anadolu Agency 12 Aug 2022
Political elites in newly independent African countries were determined by the media, personal networks, and source of financial support during decolonization process ... Many of them had problems about belonging to the newly established African states ... Political, legal, financial, ...

Mali says it has paid all its debt arrears since lifting of sanctions

Reuters 12 Aug 2022
... West African nation had honoured all its missed debt payments since the lifting of economic and financial sanctions in early July.

FNB wins most valuable financial services brand for the 3rd year with brand value up ...

Independent online (SA) 12 Aug 2022
First National Bank (FNB) is the leading financial services brand in Kantar BrandZ's Top 30 Most Valuable South African Brands 2022 for the third year in a row ... FNB CEO, Jacques Celliers, says, "It's an honour to be named the top financial services brand in Kantar BrandZ's Most Valuable South African Brands 2022 this year.

Sudan scores large-scale railway investment from China

The New Arab 12 Aug 2022
Sudanese transport minister Hisham Abu-Zaid said the African country received cargo train carriages from Chinese manufacturing company CRRC Ziyang Co worth up to $51.6 million, Bloomberg reported ... The African Development Bank, China State Construction Engineering Corp.

The cost of being middle class

Business Day 12 Aug 2022
Middle-class South Africans may enjoy a great climate, beautiful natural environment and a standard ... Middle-class South Africans are under severe financial pressure.

Yellow Pay - Yellow Card’S New Payment Feature Simplifying Money Transfers Through It’S Crypto Rails

MENA FN 12 Aug 2022
(MENAFN - African Press Organization) Yellow Card Financial ( ) is proud to announce its new payment feature - Yellow Pay ( ). This innovative solution will make it easier for customers to send and ... .

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In this photo released by the Taiwan Presidential Office, U.S. House Speaker Nancy Pelosi, left, and Taiwanese President President Tsai Ing-wen arrive for a meeting in Taipei, Taiwan, Wednesday, Aug. 3, 2022
AP / Taiwan Presidential Office