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Ethiopia, Tanzania and Kenya among the top scoring economies; Uganda records strongly improved risk-reward score

East African countries continue to offer highest rewards for investors

June 22, 2018 • East Africa, FinanceComments (0)

Ethiopia, Tanzania, Kenya and Uganda offer investors a reward score above the African continent’s average, according to the 2018 Africa Risk-Reward Index from Control Risks and Oxford Economics. Ethiopia and Tanzania lead the list of the top rewarding economies for the second time, with Kenya following in fourth position after Côte d’Ivoire. Strong...

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Bitcoin's surge in value from a few cents to a peak in December 2017 of $19,500 turned some of its first investors into billionaires.

Bitcoin could break the internet, warns banking group

June 22, 2018 • Finance, Top StoriesComments (0)

Don’t bet on bitcoin ever replacing the dollar or other traditional currencies as everyday money. That’s one of the messages from a new report by an organisation that represents dozens of the world’s central banks. According to a report by...

Next-generation banking’s mobile makeover

Next-generation banking’s mobile makeover

June 21, 2018 • Finance, Top StoriesComments (0)

A new generation of bank customers will bypass physical branches and banking via the web almost completely in favour of completing transactions and accessing services from their mobile devices. Financial institutions are already scaling back branches and...

Global fintech investors team up to promote responsible digital finance

Global fintech investors team up to promote responsible digital finance

June 21, 2018 • Finance, Top StoriesComments (0)

Innovations in digital technology have created new and exciting opportunities to reach unbanked and underbanked low-income customers in emerging markets as well as developed countries. Traditionally, these customer segments have been considered too risky and...

SADC finance professionals adopting automation to promote financial transparency and effectiveness

SADC finance professionals adopting automation to promote transparency

June 20, 2018 • Finance, Southern AfricaComments (0)

As the compliance agenda gains traction across Africa, the finance professionals of Central-Southern Africa are displaying a hunger to adopt automation as a way to deliver the kind of efficient and transparent services their clients increasingly demand....

By Riaan Bekker, Force Solutions Manager, thryve

The link between compliance and risk

June 20, 2018 • Finance, OpinionComments (0)

Compliance is a growing challenge. 48 percent of companies saw their regulatory teams grow in 2017 and 75 percent foresee the need to focus more on managing regulatory risk, according to a Thomson Reuters poll. Financial institutions are spending upwards of...

What investors are looking for in Africa's fintech sector

What investors are looking for in Africa’s fintech sector

June 18, 2018 • East Africa, Finance, North Africa, Opinion, Southern Africa, West AfricaComments (0)

Africa has long been considered a global leader in fintech innovation and adoption. The continent’s low penetration rates for traditional banking services coupled with high penetration of mobile phones makes it a rich breeding ground for fintech...

How automation can help corporate finance in West Africa

How automation can help corporate finance in West Africa

June 18, 2018 • Finance, Top Stories, West AfricaComments (0)

The recent announcement by the Nigerian Stock Exchange (NSE) that listed companies would have to submit financial reports four times a year, rather than annually, marks a significant milestone in the region’s drive to prime its economy for international...

According to De Vasconcelos, the strong presence of post offices in remote and rural areas is extremely valuable.

African post offices at the forefront of financial solutions in rural areas

June 18, 2018 • East Africa, Finance, North Africa, Southern Africa, West AfricaComments (0)

Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to basic financial services in Africa, according to a report released today by the International Fund for Agricultural Development (IFAD) and...

Bitcoin's surge in value from a few cents to a peak in December 2017 of $19,500 turned some of its first investors into billionaires.

Thomson Reuters expands sentiment data to track Top 100 Cryptocurrencies

June 17, 2018 • Finance, Online & SocialComments (0)

Thomson Reuters has expanded its sentiment data offerings to track the top 100 cryptocurrencies through its partnership with MarketPsych Data LLC, a market leader in quantitative behavioral science. This new MarketPsych Indices (TRMI) package uses machine...

Several findings reveal that more than a third of wealthy individuals (35%) either have exposure to cryptocurrencies, or they intend investing by the end of 2018.

High-net-worth individuals embrace cryptocurrencies

June 15, 2018 • Finance, GeneralComments (0)

Cryptocurrencies are the “future of money” and wealthy investors seem to agree. This is according to Nigel Green, CEO of the deVere Group, an international financial services organisation. The Group, which launched the deVere Crypto app earlier this year,...

Mastercard announced today that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya.

Salah Goss to lead Mastercard Labs for Financial Inclusion in Kenya

June 14, 2018 • East Africa, FinanceComments (0)

Mastercard announced today that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya. Salah brings extensive experience in financial inclusion specializing in mobile enabled solutions, agent banking and...

The South African Reserve Bank (SARB)  will be launching its first commemorative banknote series.

The SARB will be launching Nelson Mandela commemorative banknotes and coin

June 13, 2018 • Finance, General, Top StoriesComments (0)

In celebration of the first democratically elected president Nelson Mandela’s birth centenary, the South African Reserve Bank (SARB) will be launching its first commemorative banknote series. These notes will cover all denominations – R10, R20, R50,...

How blockchain and Artificial Intelligence can be used to improve auto finance

How blockchain and Artificial Intelligence can be used to improve auto finance

June 11, 2018 • Finance, OpinionComments (0)

Renting a car can be a time-consuming process. You have to go to the rental agency, wait for the attendant to fill out the leasing forms, which you must then check and sign before even getting sight of the keys. It’s a hassle and that’s even when you...

Finnovation South Africa 2018 accelerates digital innovations

Finnovation South Africa 2018 accelerates digital innovations

June 8, 2018 • Events, FinanceComments Off on Finnovation South Africa 2018 accelerates digital innovations

Finnovation South Africa 2018 opened on Wednesday, June 6 at the Radisson Blu Gautrain, Johannesburg, where more than 200 international Fintech experts, African digital pioneers, investors, policymakers, entrepreneurs and leading bankers gathered to harness...

How foreign FinTech disruptors are driving local economic growth

How foreign FinTech disruptors are driving local economic growth

June 8, 2018 • Finance, Top StoriesComments Off on How foreign FinTech disruptors are driving local economic growth

The explosion of pioneering FinTech innovations from around the world is disrupting and transforming the global financial landscape. From payment, investment and lending innovations, to mobile money, digital wallets and Blockchain technology, FinTechs make...