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News
Nigeria SEC toughens crypto rules
1+ hour, 12+ min ago (286+ words) digital asset exchanges and custodians operating in Nigeria will require a minimum capital of N2bn ($1.41m) under a proposed regulatory framework aimed at tightening oversight of the crypto industry. The draft rules issued by Nigeria’s Securities and Exchange Commission (SEC) prescribe a…...
Zimbabwe flags cyber risks in digital payments
4+ day, 19+ min ago (176+ words) The Reserve Bank of Zimbabwe (RBZ) has identified cyber-security vulnerabilities in the country's digital payments ecosystem and recommended stronger cyber controls, alongside the deployment of artificial intelligence solutions to assist with fraud detection. “This reinforces the need for continuous strengthening…...
Digital commerce has evolved from a messaging tool to a growth engine
5+ day, 4+ hour ago (987+ words) digital commerce in South Africa has reached a point where a missed delivery notification or failed authentication message can be the difference between conversion and churn. Customer communication is no longer a peripheral function or a technical add‑on; it…...
Blockchain's second act: transforming traditional finance
1+ week, 5+ day ago (628+ words) Financial markets are on the verge of their most significant infrastructure transformation since the shift from paper-based trading to electronic systems. Yet, despite the growing momentum, many people still associate blockchain solely with cryptocurrencies. Bitcoin introduced blockchain to the world,…...
Nigeria details cryptocurrency tax obligations
2+ week, 6+ day ago (325+ words) Nigeria’s tax authority has introduced guidelines governing virtual asset taxation, setting out how cryptocurrency and other digital asset transactions will be treated under the country’s new tax regime. The Nigeria Revenue Service (NRS) announced the framework on Monday. Individual gains…...
Datatec unit expands with Loial deal
3+ week, 3+ hour ago (235+ words) Datatec, an international technology firm listed on the Johannesburg Stock Exchange (JSE), has announced its subsidiary, Logicalis USA, has acquired 100% of the share capital of Loial, a New Mexico-based technology solutions provider with expertise in cybersecurity and managed services. The…...
Onafriq, Privy boost cross-border transactions
3+ week, 4+ day ago (236+ words) Onafriq has partnered with digital asset infrastructure provider Privy to accelerate the adoption of stablecoin-based payment solutions across Africa. The collaboration aims to improve cross-border transaction speed and reduce costs for financial institutions and fintechs. According to the companies, the…...
Yellow Card urges AI, stablecoin policy reform
1+ mon, 2+ day ago (403+ words) The comments were made during a media breakfast in Johannesburg, where Chanal Subramoney, Group senior compliance manager at Yellow Card, and Trevor Goott, head of growth for SADC at Yellow Card, discussed AI governance, digital assets, cross-border payments and financial…...
Stablecoins test Africa's monetary future
1+ mon, 3+ day ago (564+ words) As inflation, currency depreciation and foreign exchange shortages continue to strain African economies, stablecoins are increasingly emerging as a preferred tool for savings, payments and cross-border trade, prompting fresh concerns about their long-term implications for financial stability and monetary policy....
Africa may be Blockchain's most mispriced market
1+ mon, 4+ day ago (716+ words) Last year, Kredete, a startup founded by Nigerian entrepreneur Adeola Adedewe that enables Africans in the diaspora to build credit profiles through their remittance activity, raised a US$22 million Series A funding round, the largest disclosed blockchain transaction recorded on…...