Search Results for: Africa
Will South Africa issue a national digital currency?
February 15th, 2017
The South African Reserve Bank (Sarb) is open to issuing a national digital currency, which would likely be based on Blockchain or Distributed Ledger Technology (DLT). “If we go the route of issuing a digital currency, the objective would ...
West Africa now has its own digital currency
December 30th, 2016
Senegal will soon begin using a digital currency in 2017. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking systems and bring financial inclusion to more people. If the Senegal roll-out is successful, the ...
Uganda Could Be 1st African Country To Regulate Digital Currencies
December 28th, 2016
Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin has enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone to more than $900, ...
South African Fintech Firm to Launch Blockchain-based Identity Verification in 2017
December 27th, 2016
South African fintech company ThisIsMe (TIM), which focuses on identity verification, has announced that it will be adding blockchain technology to boost its services and is expected to go live in 2017. More companies are turning their attention to ...
Regulation key to growth of African fintech
December 14th, 2016
African fintech is a booming sector, but effective regulation and tackling fraud are crucial to ensuring the space fulfils its potential in offering more Africans access to financial services. This is according to panellists at the Africa Technology Summit ...
The African Legal Awards 2016: who won what… and why
December 2nd, 2016
There was a party atmosphere at the Wanderers Club in Johannesburg as leading business lawyers gathered to celebrate the African Legal Awards. The event, staged by Legal Week in association with the Counsel Association of South Africa (CCASA), took ...
With a new Trade Agreement South Africa gains improved access into the EU for wine and other products
October 10th, 2016
The SADC EPA group (Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland) and the EU have reached the final stages towards the implementation of the SADC–EU Economic Partnership Agreement. These include fulfilment of ratification processes by the SADC EPA ...
African fintech hubs join global initiative
September 27th, 2016
South Africa-based AlphaCode and Kenya’s Nest have joined fintech associations and network providers from more than 20 countries in the Global Fintech Hubs Federation (GFHF), aimed at fostering innovation across the global financial services industry. The GFHF is an initiative of ...
The small beautiful African country of Malawi said to legalise forex black market traders
August 25th, 2016
The Reserve Bank of Malawi (RBM) has said it will formalise traders selling foreign currency outside the official exchange rate, following pronouncements made by Financial Intelligence Unit (FIU) director Atuweni Juwayeyi Agbermodji that parallel foreign exchange traders need to ...
Could bitcoin change the game in Africa?
August 4th, 2016
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and help alleviate poverty. Accessing the multibillion-dollar remittance flows to Africa certainly has ...
