financial - eriinfo

Africa: CoDA and ICPC Renew Partnership to Combat Illicit Financial Flows and Strengthen Asset Recovery Efforts

eriinfo.com2 days ago06 mins

The Coalition for Dialogue on Africa (CoDA) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have renewed their collaboration through the signing of a Cooperation Agreement (CoA), reaffirming their shared commitment to tackling illicit financial flows (IFFs) and strengthening asset recovery efforts across Africa. The signing ceremony took place on Tuesday, December…

Top regulator warns of AI risk in South Africa’s financial sector

eriinfo.com4 days ago07 mins

The Financial Sector Conduct Authority (FSCA) has warned that artificial intelligence is both an opportunity and a risk for South Africa’s financial sector, especially when it comes to information security. In a wide-ranging report, Artificial Intelligence in the South African Financial Sector, the FSCA said AI presents a number of risks related to consumer protection…

Africa

Africa: Comzafrica Marks 15 Years of Shaping Africa’s Digital Financial Landscape

eriinfo.com2 weeks ago07 mins

As ComzAfrica celebrates its 15th anniversary, the home-grown technology company reflects on a decade and a half of shaping digital financial services across the continent. Founded in 2010 by three Rwandans, ComzAfrica has grown from solving airtime distribution challenges to powering digital lending, payments, electricity access, and essential utilities for millions of Africans. Now active…

Global futures reopen after exchange operator CME hit by hours-long outage | Financial Markets News

eriinfo.com2 weeks ago05 mins

CME blamed the outage, which halted trading for more than 11 hours, on a cooling failure at a data centre in Chicago. Global futures markets were thrown into chaos for several hours after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and…

Africa

Africa Losing Over $50bn Yearly to Illicit Financial Flows, Says ICPC Chair

eriinfo.com3 weeks ago08 mins

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Aliyu (SAN), has said Africa loses over $50 billion annually to illicit financial flows, undermining development and crippling public services. Aliyu disclosed this on Wednesday while speaking at the Realnews Magazine 13th Anniversary Lecture Series in Lagos with the theme: ‘Cybersecurity, Illicit…

Road to COP30: AfDB piloting financial instruments to support African countries in tackling climate change

eriinfo.com1 month ago013 mins

COP30 officials group photo. PHOTO/UN. By PATRICK MAYOYO [email protected] As the world prepares for the 30th United Nations Climate Change Conference (COP30), the African Development Bank Group (AfDB) is piloting several innovative financial instruments to help African countries address the escalating impacts of climate change. The main objectives for COP30, which will be held in…

Financial regulator expands crypto investment choices

eriinfo.com2 months ago06 mins

Bitcoin is attracting investor interest, even as it comes off a record high. VALR, a Johannesburg-based crypto-currency exchange, has been approved for two additional financial licences, in what is seen as a positive development in South Africa’s regulatory framework for digital assets. The approvals enable VALR to offer a mix of investments that extends beyond…

Africa

Africa: When Digital Lending Feels Like Financial Colonialism

eriinfo.com2 months ago012 mins

Hustlerfund, a mobile lending application in Kenya advances a 20-year-old woman named Khamba to stock up her fruit stall in Nakura. In another seven days, it has almost doubled. In a case where she is a day and a day late in paying, the platform starts sending messages to her entire contact list labelling her…

Getting Married? The Financial Focus Talk You Need to Have

eriinfo.com2 months ago011 mins

You’re madly in love, planning the wedding, and debating canapés, photographers and seating plans, but have you talked about debt, spending habits, long-term goals and how these fit into your financial journey together? Money is a leading cause of conflict and divorce. Your marriage is, in essence, a financial merger, and just like any business…

Africa

Africa: Experts Rally Africa to Unite Against Illicit Financial Flows

eriinfo.com2 months ago03 mins

EXPERTS have called for stronger collaboration among African states, regulatory bodies, and financial technology (fintech) companies to curb the growing menace of Illicit Financial Flows (IFFs) draining the continent’s resources. Speaking at a panel discussion on “Guaranteeing Africa’s Financial Independence: The Role of Fintechs in Combating Illicit Financial Flows” during the 2025 West Africa Media…