Kwesi Adu Amoako 
Safaricom has successfully completed the acquisition of M-Pesa Holding Limited from Vodafone International Holdings BV, securing the entire issued share capital. M-Pesa Holding’s Crucial Role M-Pesa Holding serves as the corporate trustee, holding M-Pesa customer funds under the M-Pesa trust arrangement, in compliance with the National Payment System Regulations of 2014. Smooth Transaction Process The … Read more
Embracing Transformation In the rapidly evolving landscape of Ghana’s retail banking, UBA stands at the forefront, strategically embracing change to simplify banking for customers. Commitment Amidst Challenges Peter Dery, Head-Retail at UBA Ghana, emphasizes the unwavering commitment to simplifying banking, even in the face of global challenges like the Russia-Ukraine war and the ongoing impact … Read more
SafeMoon: “Freedom of the Unbanked” Launched on the Binance Smart Chain (BNB) in March 2021, SafeMoon has gained attention for its mission to empower long-term holders and impose a 10% fee on sellers, with a portion of that fee benefiting existing holders. However, the journey of SafeMoon, while intriguing, has been marked by both endorsements … Read more
Leadership Transition: Paolo Ardoino Takes the Helm in December Tether, the powerhouse behind the renowned stablecoin $USDT, has announced Paolo Ardoino as its incoming CEO. Currently serving as the Chief Technology Officer (CTO) since 2017, Ardoino is set to steer the company in its new strategic direction from December 2023. Transition Dynamics: Jean-Louis van der … Read more
Christoffel Wiese, a major shareholder with an 11.58% stake in Shoprite, has decided to reduce his stake in the retail giant. Christoffel Wiese’s Background Christoffel Wiese’s strategic reduction in Shoprite shares and the subsequent dividend receipt align with the company’s commendable financial performance, reflecting resilience in challenging market conditions. Also Read: Nigerian Stock Exchange Hits … Read more
Amazon’s announcement to launch Amazon.co.za in 2024 marks a significant development for the e-commerce landscape in South Africa. The move is poised to empower local sellers, brand owners, and entrepreneurs of all scales, offering them a robust platform to expand their businesses. The launch is not just about providing a marketplace; it’s a strategic initiative … Read more
Ato Essien, the former Chief Executive Officer of defunct Capital Bank, has been sentenced to 15 years of imprisonment with hard labor for failing to fulfill the terms of a plea bargain with the state. Essien pleaded guilty to 16 counts of stealing, money laundering, and conspiracy to steal in connection with the collapse of … Read more
In a significant development, victims of the Mirror Trading International (MTI) bitcoin scam in South Africa are on the brink of receiving refunds from the liquidators overseeing the case. The process, however, awaits a court ruling to determine how the claims should be handled, including evaluating the refunds, considering victims invested in bitcoin with fluctuating … Read more
Nigerian Archbishop Sam Zuga, renowned for founding ZugaCoin, finds himself defending the cryptocurrency against allegations of being another crypto scam in Nigeria. ZugaCoin, currently trading at $1.38 on CoinMarketCap, faces scrutiny as reports suggest traders and holders are struggling with withdrawals, a red flag reminiscent of crypto scams. ZugaCoin’s Noble Mission: Rebuilding Africa’s Economy In … Read more
In the wake of Hamas’ unexpected attack on Israel, fertilizer producers experienced a notable uptick, driven by growing apprehensions about the potential impact of the conflict on global supplies of essential nutrients crucial for cultivating vital food crops. Port of Ashdod Emergency Raises Global Potash Supply Concerns The Port of Ashdod in Israel, a significant … Read more