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Blockchain skill-drive initiative to address the knowledge-gap in Tanzania

Blockchain skill-drive initiative to address knowledge-gap in Tanzania

April 15, 2019 • East Africa, Finance, Top StoriesComments Off on Blockchain skill-drive initiative to address knowledge-gap in Tanzania

  Belfrics Group in partnership with Dar Es Salaam Institute of Technology (DIT) announced a joint initiative to develop a pool of talented and skilled technology professionals for blockchain as a domain. Belfrics Academy SDN BHD, the research, international training and skill development vertical of Belfrics Group of Companies, would lead the efforts...

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Nigeria's Paylater rebrands to become a 'digital financial services platform'

Nigeria’s Paylater rebrands to become a ‘digital financial services platform’

April 9, 2019 • Finance, Top Stories, West AfricaComments Off on Nigeria’s Paylater rebrands to become a ‘digital financial services platform’

Paylater, the Nigerian fintech company specializing in consumer lending, has confirmed its name change in light of its growing banking services.   The company is re-launching as “Carbon“, the rebrand reflects the company’s deliberate...

Visa, Branch collaborate to expand financial access across Sub-Saharan Africa

Visa, Branch collaborate to expand financial access across Sub-Saharan Africa

April 8, 2019 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments Off on Visa, Branch collaborate to expand financial access across Sub-Saharan Africa

Visa, the global payments technology company and Branch, the most downloaded finance app in Africa, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa. This partnership...

i-Pay changes to Ozow and offers zero processing fees

i-Pay changes to Ozow and offers zero processing fees

April 4, 2019 • Finance, Southern Africa, Top StoriesComments Off on i-Pay changes to Ozow and offers zero processing fees

If you’ve done any kind of online shopping in South Africa, you’re more than likely to be familiar with the name i-Pay. Not only do they make electronic funds transfers (EFTs) smoother and safer, they also singlehandedly saved 2018 Black Friday...

Australian and African Tech startups forge Blockchain-Powered partnerships

Australian and African Tech startups forge Blockchain-Powered partnerships

April 2, 2019 • FinanceComments Off on Australian and African Tech startups forge Blockchain-Powered partnerships

Bitcoin has been celebrated as the flagship cryptocurrency and is undoubtedly the most widely used altcoin. While Bitcoin and other cryptocurrencies have yet to reach their full potential as a means of carrying out transactions, the tech that powers it,...

Financial services embrace hybrid cloud

March 31, 2019 • Cloud Computing, Finance, Top StoriesComments Off on Financial services embrace hybrid cloud

Nutanix, Inc. has recently announced findings of its Enterprise Cloud Index Report for the financial services sector, measuring financial firms’ plans for adopting private, public and hybrid clouds. The report revealed that the financial sector outpaces...

Rwanda’s President Kagame, open to drive digitisation in Africa

March 27, 2019 • Digital Transformation, East Africa, Finance, Top StoriesComments Off on Rwanda’s President Kagame, open to drive digitisation in Africa

Rwandan President, Paul Kagame and Globacom’s Executive Vice Chairman, Mrs Bella Disu, on Monday, March 25 began discussions on the use of digital technology to help the march towards economic prosperity in Africa. The two leaders held a private meeting...

Tax reform, digitisation key to financing development

March 25, 2019 • Digital Transformation, East Africa, Finance, North Africa, Southern Africa, West AfricaComments Off on Tax reform, digitisation key to financing development

Africa must digitise its economies, broaden its tax base, prevent further deterioration of fiscal and debt positions, and aim for double-digit growth to achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063 according to the 2019 Economic Report on...

Oracle adds AI capabilities for financial controls

Oracle adds AI capabilities to increase ERP Cloud’s market lead

March 24, 2019 • Artificial Intelligence, FinanceComments Off on Oracle adds AI capabilities to increase ERP Cloud’s market lead

Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting...

OneFi acquires Amplify to shape Nigeria's fintech infrastructure

OneFi acquires Amplify to shape Nigeria’s fintech infrastructure

March 22, 2019 • Finance, Top Stories, West AfricaComments Off on OneFi acquires Amplify to shape Nigeria’s fintech infrastructure

One Finance Limited (OneFi) has announced the acquisition of Amplified Payments (Amplify), a fintech company that builds and facilitates payment solutions and digital financial transactions in Nigeria. The deal, completed for an undisclosed fee, will see...

Blockchain skill-drive initiative to address the knowledge-gap in Tanzania

IBM Blockchain World Wire to support payments in over 50 countries

March 22, 2019 • FinanceComments Off on IBM Blockchain World Wire to support payments in over 50 countries

IBM has announced the IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a growing number of markets. Designed to optimize and accelerate foreign exchange, cross border payments and...

New partnership to boost financial inclusion in the Democratic Republic of the Congo

New partnership to boost financial inclusion in the Democratic Republic of the Congo

March 20, 2019 • Finance, Top StoriesComments Off on New partnership to boost financial inclusion in the Democratic Republic of the Congo

FSD Africa and Equity Bank Congo have entered into a new partnership that targets unbanked people in rural areas in the Democratic Republic of the Congo. The three-year US$2.8 million project will train and enrol at least 4,000 people to become bank agents...

Ecobank Omni-Lite helps empower Nigerian businesses

Ecobank Omni-Lite helps empower Nigerian businesses

March 18, 2019 • Finance, Top Stories, West AfricaComments Off on Ecobank Omni-Lite helps empower Nigerian businesses

Ecobank’s newly upgraded online banking platform, Omni-Lite is specifically optimised for local corporates, public sector and SMEs. Managing Director at Ecobank Nigeria, Patrick Akinwuntan has urged business owners to register for Ecobank Omni Lite to...

NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia

NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia

March 16, 2019 • Finance, Southern Africa, Top StoriesComments Off on NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia

The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to...

Trump’s proposed budget slashes Kenya’s aid funding

March 16, 2019 • East Africa, FinanceComments Off on Trump’s proposed budget slashes Kenya’s aid funding

The United States is set to reduce aid funds given to Kenya by more than 50 percent in the 2020 financial year that begins in October. President Donald Trump’s proposed budget issued on Monday calls for deep cuts in aid to Kenya as part of an overall...

Cyber incidents, major risks for financial services -study

Cyber incidents, major risks for financial services -study

March 16, 2019 • Finance, SecurityComments Off on Cyber incidents, major risks for financial services -study

The financial services industry’s biggest risks are cyber incidents, which are increasingly bringing significant disruption and financial losses to the industry. Cyber incidents take the top spot for two years running with a response rate of 46% versus 51%...