Deon Tromp South Africa’s financial services sector is under pressure to modernise – yet few businesses are solving the right problems. While digital banking apps and fintech interfaces have advanced rapidly, the underlying infrastructure often remains fragmented, outdated and over-reliant on rigid integrations. It’s a challenge Omnea knows well – and one the company was…
As the Fourth International Conference on Financing for Development (FfD4) concluded in Seville, Spain in early July 2025, global leaders adopted the “Seville Commitment,” reaffirming the urgent need to reform the international financial architecture, expand fiscal space, and advance gender equality. These commitments are timely and necessary. But without actionable and enforceable reforms, African countries—and African women…
As the Global South gains influence, Africa is charting a new path toward financial sovereignty, shifting away from dependence on foreign aid, said African Union Commission Chairperson Mahmoud Ali Youssouf. Speaking at the 7th Mid-Year Coordination Meeting of the African Union in Malabo, Chairperson Mahmoud Ali Youssouf emphasized that the Global South, including Africa, is…
Africa is intensifying its calls for reforms to the global financial system, arguing that the current standards for accessing international concessional finance and building competitive financial institutions remain under the control of outdated frameworks that disadvantage the continent. During the African Union Commission’s 7th Mid-Year Coordination Meeting held in Malabo, AU Commission Chairperson Mahmoud Ali…
Hosted at the Hasso Plattner School of Design Thinking Afrika at UCT, 12 teams made up of students from UCT, Cape Peninsula University of Technology (CPUT), University of the Western Cape (UWC) and Eduvos took part. All competing not just for a prize, but for the opportunity to work with the Interledger Protocol (ILP) to…
Q-KON, a leading provider of satellite communication solutions, recently shared the significant success and proven efficacy of its Twoobii-LEO satellite services, powered by Eutelsat OneWeb, in revolutionising connectivity for the financial services industry in South Africa. This innovative low-Earth orbit (LEO) satellite technology is transforming how South African banks ensure secure, high-speed and reliable communication…
Addis Ababa, — Executive Secretary of the UN Economic Commission for Africa (ECA), Claver Gatete has urged a shift from rhetoric to results, calling for financial instruments that reflect Africa’s development needs. Speaking at a joint side event hosted by the UN’s five regional commissions at the Fourth International Conference on Financing for Development (FfD4)…
Cheslyn Jacobs, TymeBank chief commercial officer. TymeBank has warned that a proposed increase in biometric verification fees, from 15c to R10, could result in the financial exclusion of its low-income clients, particularly grant recipients, from formal banking. This, after the Department of Home Affairs (DHA) yesterday rolled out its new National Population Register (NPR). This…
In this episode of ITWeb TV, news editor Admire Moyo speaks to Lyle Hosley, head of fintech at the South African Reserve Bank, about the upcoming G20 Techsprint hackathon. She also discusses some of the biggest fintech trends the central bank is observing in South Africa. #SARB #Fintech #Cryptocurrency #Payments #Hackathon The South African Reserve…
Addis Ababa, Ethiopia | June 26, 2025 — Fifty African Union Member States have endorsed a ground-breaking digital micro-planning portal co-created by Africa CDC to accelerate the elimination of Neglected Tropical Diseases — a diverse group of infectious diseases that primarily affect impoverished communities in tropical and subtropical areas. This innovative platform developed with inputs…
