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international concessional finance and building competitive financial institutions remain under the control of outdated frameworks that disadvantage the continent.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…
Hawken McEwan, director of risk and compliance at nCino KYC Africa. While there is a great deal of work being done behind the scenes to combat financial crime in SA, fintech and legal experts have urged greater collaboration between the public and private sector to tackle money laundering and other forms of fraud committed using…
Washington — The World Bank has approved $115 million in concessional financing to support Senegal’s efforts to improve public debt sustainability, strengthen public financial management, and increase domestic resource mobilization. The financing, provided through the International Development Association (IDA), will help implement the government’s flagship reform program, the 2025-2029 Senegal Program for Transparency in Public…
Standard Bank, Africa’s biggest bank by assets, has been named as Africa’s Most Admired Financial Services Brand for 2025. The accolade was conferred as part of Brand Africa’s 15th annual Africa’s Best Brands report, based on an independent study conducted across 31 countries throughout the continent. Standard Bank, Africa’s biggest bank by assets, has been…
