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…
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…
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…
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…
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…
SIM cards purchased by ITWeb that had already been illegally registered with networks. (Image by Nicola Mawson) Even as South Africa gears up to be delisted from the Financial Action Task Force (FATF) grey list, a major issue persists because of the availability of illegally registered SIM cards that are used in various crimes, including…
Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, has announced its plan to directly improve the lives of 10 million people across the continent by 2030 through initiatives focused on education financial empowerment, environmental protection, and digital inclusion. Speaking with journalists recently in Lagos, the Chairman of the foundation, Dr. Segun Ogunsanya, who…
Public broadcaster the SABC’s Auckland Park headquarters. The Department of Communications and Digital Technologies (DCDT) has appointed BMIT Knowledge Group (BMIT) to develop a funding model for the South African Broadcasting Corporation (SABC). BMIT is an IT and telecoms research house located in Johannesburg. The DCDT says in a statement: “BMIT Knowledge Group is a…
The African Union has warned the continent loses billions in illicit financial flows each year. Analysts say stopping tax evasion and corruption is just the first step to keeping African wealth in the continent. An estimated US$88 billion (€76 billion) leaves Africa annually through tax evasion, money laundering, and corruption, the African Union (AU) says. In 2015, that figure was…
KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, has released its latest research paper “Financial Sector Threats Report,” uncovering critical insights into the escalating cybersecurity crisis facing the global financial sector. The report shows that financial institutions face a perfect storm of AI-enhanced attacks, credential theft and supply chain vulnerabilities that pose…
