Features

LAGOS (Capital Markets in Africa) – When a sovereign nation defaults on its debt, its creditors have two basic choices: Participate in the inevitable negotiations and accept restructured debt — probably with a substantial haircut — in exchange for their pre-default claims; or Hold out from the negotiations and engage in years of of time- and labour-intensive unpleasantness to try to enforce their original pre-default claims against the country. Most people usually go with option 1: Usually when…

FinTech is accelerating the digital transformation of banking in Africa say more than 200 international experts gathered at the Finnovation Ethiopia event – but highlight that collaboration is the way forward Due to their potent blend of trail‐blazing technology and disruptive innovation, FinTech players are positively impacting the digital transformation of financial services in Africa and, in turn, further spurring incumbent banks to rapidly ramp‐up their own innovation initiatives to meet the financial needs of under‐served…

LAGOS (Capital Markets in Africa) – Tom Lee, cofounder of FundStrat Global Advisors, is bullish on bitcoin and has a unique way of valuing the cryptocurrency. His short-term valuation model is built on Metcalfe’s law, and he says it can explain the vast majority of bitcoin’s volatility. He explained his reasoning to Business Insider on our cryptocurrency show, “the bit.” Metcalfe’s law basically says that the value of a network is proportional to the square of…