Togolese startup Gozem is set to acquire Moneex, a thriving fintech in Benin, unlocking new avenues in the digital landscape. Let’s dive into the details of this game-changing acquisition! The Power Play: Gozem’s Acquisition of Moneex The financial dynamics of this acquisition are kept under wraps, adding an element of intrigue to the strategic move. … Read more
The stock market journey for the year has been nothing short of a roller coaster, with returns fluctuating and financial stocks showcasing a remarkable recovery. As we approach the year-end, it’s crucial for investors to not only glance at the numbers but also understand the dynamics behind the figures. Here’s a breakdown of the stock … Read more
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre (KIFC) have reaffirmed their commitment to collaborative efforts for the development of their respective financial sectors. The renewal of the Memorandum of Understanding (MoU), initially signed in 2021, solidifies the strategic partnership’s objectives, including global promotion of QFC and KIFC, capacity building, skills development, … Read more
Market Sentiments and Global Uncertainties The South African currency experienced a decline on Monday, influenced by the unrest in the Middle East, triggering risk aversion in global markets. Traders were also on edge as they awaited the outcomes of the national census scheduled for later in the week. At 1510 GMT, the rand traded at … Read more
South Africa-based cryptocurrency exchange, Valr, recently announced a significant milestone in its expansion strategy—initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). While this marks a pivotal step for Valr in establishing a global presence, it’s important to note that the approval, for now, does not grant the exchange the ability to offer virtual asset … Read more
The South African mining sector is grappling with a substantial drop in profits, a predicament that has far-reaching consequences, especially for the nation’s tax collection. The recently released PwC South Africa’s 2023 SA Mine report sheds light on the various challenges faced by mining companies, from declining profits and cash flows to increased input costs … Read more
Despite the global crypto landscape experiencing a decline from the record highs of the 2021 bull run, Africa, particularly Nigeria, remains a beacon of crypto resilience, showcasing continued adoption despite market fluctuations. As of September, Bitcoin, the world’s leading cryptocurrency, saw a nearly 60% decrease from its peak, while Ethereum witnessed a decline of almost … Read more
Kenya’s inflation, as measured by the Kenya Consumer Price Index (KECPI), saw a slight uptick in September, fueled by a general increase in prices across all sectors, according to a statement from the Kenya National Bureau of Statistics released on Friday. In September, year-on-year inflation stood at 6.8%, a marginal rise from the 6.7% recorded … Read more
let’s take a stroll into the fascinating world of cryptocurrency and meet a notable figure, Ben Armstrong, the brains behind BitBoy Crypto. Ben Armstrong is like a wizard in this digital money world. He not only understands how this magical digital money works, but he’s also pretty good at managing his own money. Imagine him … Read more
Currency Evolution: Out with the Old, In with the New In a significant move, the Central Bank of Liberia has declared that banknotes predating 2021 will lose their status as legal tender after March 31, 2024. This development follows a year-long initiative facilitating the exchange of old currency for the newly introduced family of banknotes. … Read more