Cell C CEO Jorges Mendes Cell C Holdings on Friday reported its financial results for the six months ended 30 November 2025, delivering its maiden results as a JSE-listed company and marking the transition to its next phase as a financially stronger business following the successful completion of its restructuring. Key highlights The results follow…
The African Financial Industry Barometer 2025 depicts a sector at a technology inflection point. (Image created using GenAI via ChatGPT) Africa’s financial sector is in the midst of a pronounced technological transformation, with digital innovation now being central to organisations’ competitive strategy. However, firms struggle to fully mature their tech adoption and face hurdles in…
ZARU’s reserves are independently audited monthly, ensuring transparency and stability for institutional participants. (Image created using GenAI via ChatGPT) A consortium of South African financial and fintech firms has introduced ZAR Universal (ZARU), an institutional-grade stable coin pegged to the South African Rand. According to a statement, ZARU aims to modernise payments and financial infrastructure,…
Ghana has been ranked as the seventh strongest financial market in Africa, recording a financial market index score of 60, according to the Absa Africa Financial Markets Index report. The country placed behind Botswana, Namibia, Nigeria, Uganda, Mauritius and South Africa, with South Africa retaining its position as the continent’s strongest financial market. The ranking…
Leonard and Emily Mcharo Kenyan entrepreneurs Leonard and Emily Mcharo spent years living far below their means. There were no holidays, no weekend road trips, and no bikes for their children. While their peers were upgrading their lifestyles, the Mcharos’ home remained devoid of luxuries. Their frugal lifestyle wasn’t born of necessity, but of intent….
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…
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…
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…
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…
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…
