Features | - Part 194

Egypt’s Quarterly Tourism Revenue Triples as FX Crisis Eases

CAIRO (Capital Markets in Africa) – Egypt’s tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another step in the country’s economic recovery from a crippling dollar shortage. Tourism revenue rose to $1.5 billion in the fourth quarter that ended June 30, from $510 million in the same period a year ago, according to initial central bank data that it shared with Bloomberg. Full-year receipts rose 16…

FinTech is Accelerating the Digital Transformation of Banking in Africa

Posted on by The Editorial Team

Due to their potent blend of trail‐blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, further spur incumbent banks to rapidly ramp‐up their own innovation initiatives to meet the financial needs of under‐served markets across the continent. August 2017, Addis Ababa, Ethiopia: FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services ecosystem and the leading…

Cybercrime growth highlights need for short- and long-term ICT education plans in South Africa

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The Joburg Centre for Software Engineering’s (JCSE) seventh annual ICT skills survey showed that South Africa continues to lag behind other African countries, such as Kenya, Nigeria, and Egypt, in information communication technology (ICT) skills training and an emphasis on the contribution that technology plays in contributing to economic growth. In the current environment of increasing cybercrime attacks globally, this makes the need to upskill our citizens even more…

Thomson Reuters Offers Financial Professionals Market Data & Analysis For Current And Upcoming Africa Elections

Posted on by The Editorial Team

Decision Africa App provides key economic data for Kenya, Angola, Liberia, and Mali Johannesburg, 10 August 2017 – Thomson Reuters has launched a dedicated Decision Africa app on its flagship desktop product Eikon. The app provides financial professionals with comprehensive market and data leading up to and after the elections in Kenya (8th August), Angola (23rd August), Liberia (10th October), and Mali (29th October). The app features a chart book page of all four countries…

Hacking, Fraud Claims Threaten to Spark Kenyan Vote Crisis

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya is sliding toward a potentially violent political crisis over opposition allegations that hackers interfered with provisional vote tallies from Tuesday’s general elections. The normally bustling streets of Nairobi, the capital, and business hub of East Africa’s biggest economy, were largely deserted Wednesday as residents stayed home bracing for potential trouble. Tension was heightened after the election commission released initial results showing President Uhuru Kenyatta with a commanding lead over his…

Nigerian Graft Agency Traces $615 Million to Alison-Madueke, Ex-Petroleum Minister

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s anti-graft agency said it traced at least $615 million of allegedly illegally acquired cash and properties to the West Africa nation’s former oil minister, Diezani Alison-Madueke. In addition to “boxes of gold, silver and diamond jewellery, worth several million pounds” found at her residence, the Economic and Financial Crimes Commission identified more than a dozen buildings across the country worth more than $500 million owned by the former minister,…

With Sukuk & Innovation Driving New Growth Momentum, the Prospects for Islamic Finance in Africa Look Increasingly Promising

Posted on by The Editorial Team

Despite being in the early phases of development, the Islamic finance industry in Africa is fast gaining the attention of key stakeholders including central banks & regulatory authorities, as well as the leading international Islamic financial institutions and investors seeking to tap into high-growth opportunities on the continent Wednesday 9th August 2017, DJIBOUTI: The footprint of Islamic banking in Africa is set to expand further as the continent seeks to deliver on the economic and…

« 1 … 192 193 194 195 196 … 259 »