Finance

Total 156 Posts

4 Important points to consider before you get into Forex Trading

what does ‘getting into trading’ mean? Your friend has a friend who got into trading, and they're doing great now. How did that happen?

Bank of Central African States is looking for a solution to fight illicit financial flows

The Bank of Central African States (BEAC) is looking for a digital solution provider to step up its fight against illicit financial transactions within the sub-region.

Nigeria's Paystack has been acquired by Stripe for $200 million

Nigerian payments company, Paystack has been acquired by global payments leader, Stripe, to accelerate online commerce across Africa. This acquisition is the latest move in Stripe’s international expansion, as Paystack will be Stripe’s catalyst for growing internet commerce in Africa.

Mobile money restrictions in Zimbabwe are bad for financial inclusion

Despite the compelling value proposition that mobile money offers, the Reserve Bank of Zimbabwe recently placed significant regulatory restrictions on its operations. The regulator said mobile money services were fuelling illegal foreign currency exchange.

Banking fraud is on the rise in Kenya

People in Kenya have taken to social media to complain of bank accounts wiped clean by fraudsters. In most of those cases, banks have been blamed for either having a role to play in it through insiders.

Open banking is the path to transformative financial service experiences

We talk of new generation fintech as driving financial inclusion by making it easier and cheaper to transact or move value, but we must take a step back and realize that with all that activity and growth, your data remains locked up with each service provider.

Illicit capital outflows are robbing Africa of $88 billion every year

From 2000 to 2015, the total illicit capital flight from Africa amounted to $836 billion. Compared to Africa's total external debt stock of $770 billion in 2018, this makes Africa a “net creditor to the world."