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Africa
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
ceτi AI Acquires Big Energy Investments Inc. in Latest Move
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
ceτi AI Acquires Big Energy Investments Inc. in Latest Move
Thought Leadership
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Africa
Search for a tag
Brokers
What Are the Challenges of Introducing Brokers in Africa?
And how can Africa overcome them?
Wednesday, 15/02/2023 | 16:57 GMT
by
Finance Magnates Staff
FinTech
Fintech Association of South Africa Helping Develop Industry on Continent
FINASA is promoting financial inclusion, financial literacy and innovation in South Africa
Wednesday, 08/02/2023 | 14:31 GMT
by
Finance Magnates Staff
FM-Events
African Fintech Landscape – Upcoming Key Events and Conferences in 2023
African fintech startups have shown promise in attracting investment.
Wednesday, 08/02/2023 | 10:06 GMT
by
Finance Magnates Staff
Executives
Rostro Appoints John Murphy as CRO of Scope Markets after Acquisition
Rostro announced the complete take over of Scope Markets on Monday.
In Africa, Scope Markets' Janet Gikonyo's HR duties now cover both Kenya and Nigeria.
Friday, 13/01/2023 | 15:25 GMT
by
Solomon Oladipupo
Retail FX
Admirals Secures Kenyan License, Plans Takeover in Seychelles
Admirals obtained a South African license six months ago.
The firm's Cypriot and South African subsidiaries are involved in the Seychelles takeover.
Thursday, 29/12/2022 | 22:45 GMT
by
Solomon Oladipupo
CryptoCurrency
Nigeria Seeks to Legalize Crypto as Investment Capital
A bill to that effect has passed a second reading at the country's House of Reps.
Nigeria's SEC clarified crypto as securities 7 months ago.
Monday, 19/12/2022 | 13:47 GMT
by
Solomon Oladipupo
Products
Introduction to Our New Section: Heat Map. Where to Search for New Clients?
The European industry is saturated but still strong as CFD platform adoption grows.
Thursday, 15/12/2022 | 11:13 GMT
by
Sylwester Majewski
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CryptoCurrency
FTX’s Collapse Troubles African Fintech Firms
FTX before its fall processed billions of dollars monthly in Africa.
The Nigerian startup, Nestcoin held its assets (cash and stable) in FTX.
Tuesday, 22/11/2022 | 17:54 GMT
by
Solomon Oladipupo
FinTech
Can Buy Now, Pay Later (BNPL) Thrive in Africa?
Africa's BNPL market is gaining traction.
Poor credit risk, loan recovery are major barriers.
Tuesday, 28/06/2022 | 15:33 GMT
by
Solomon Oladipupo
Executive Moves
Oneal Bhambani Joins Flutterwave as CFO
Bhambani joins the company from American Express.
In February 2022, Flutterwave closed its Series D funding round with a valuation of over $3 billion.
Monday, 20/06/2022 | 09:58 GMT
by
Bilal Jafar
News
MFS Africa Secures an Additional $100 Million in Equity and Debt Funding
The funding was led by Admaius Capital Partners.
The investment will increase MFS Africa’s integration into the global digital payment ecosystem.
Wednesday, 15/06/2022 | 09:50 GMT
by
Bilal Jafar
Analysis
Payments
Analysis
Can Africa’s Telco Giants Disrupt Nigeria’s Payments Industry?
MTN Nigeria and Airtel Africa want to drive inclusion in Nigeria's payments industry.
Trust, adoption, and acceptance are some of the challenges on their way, experts say.
Thursday, 09/06/2022 | 15:07 GMT
by
Solomon Oladipupo
FinTech
MFS Africa Acquires GTP in Rare Acquisition of US Tech Firm
The deal is reportedly worth $34 million.
The CEO Okoudjou says the acquisition is a "momentous milestone" for Africa.
Wednesday, 08/06/2022 | 15:52 GMT
by
Solomon Oladipupo
Analysis
Is South Africa’s FSCA Doing Enough to Stop Illegal Trading?
South Africa is Africa’s largest player in the online forex scene.
Experts say the FCSA is moving at a slow pace.
Monday, 06/06/2022 | 17:05 GMT
by
Solomon Oladipupo
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CryptoCurrency
Is Binance’s AFCON Deal the Starting Pistol in Africa?
Binance’s deal with AFCON is Africa's biggest crypto sports sponsorship yet.
How far can it go in a continent with divided crypto regulations?
Tuesday, 31/05/2022 | 14:00 GMT
by
Solomon Oladipupo
Analysis
CryptoCurrency
Analysis
Blockchain Funding: Can Countries outside Africa’s ‘Big Four’ Break the Mold?
Africa's blockchain companies raised $127 million in 2021.
However, Nigeria, Kenya, South Africa and Seychelles alone got 96% of the funds.
Tuesday, 31/05/2022 | 07:54 GMT
by
Solomon Oladipupo
Analysis
Analysis
Analysis
CAR: Will Other African Countries Also Adopt Bitcoin as Legal Tender?
Africa is the fastest-growing cryptocurrency market among developing economies.
Infrastructural deficit, distrust, etc. mean BTC as legal tender is far-fetched.
Thursday, 26/05/2022 | 11:35 GMT
by
Solomon Oladipupo
CryptoCurrency
Blockchain Funding in Africa Beats Others down 11 Times: Report
Blockchain firms' funding skyrockets to 1,668% YoY in Q1 of 2022.
CV VC's new fund will invest in 100 startups in Africa.
Monday, 23/05/2022 | 19:41 GMT
by
Solomon Oladipupo
News
Mastercard Announces Strategic Collaboration with OPay
The partnership will facilitate a cashless ecosystem.
According to Mastercard, the partnership is an important part of the company’s emerging market strategy.
Friday, 20/05/2022 | 10:34 GMT
by
Bilal Jafar
CryptoCurrency
MARA to Build Pan-African Crypto Exchange, Advise CAR’s President
Coinbase Ventures is one of the top investors backing the startup.
CAR is first African country to make Bitcoin a legal tender.
Friday, 13/05/2022 | 15:16 GMT
by
Solomon Oladipupo
Retail FX
Online Retail Forex: Where Does Africa Stand?
Young people are the heart of Africa’s emerging online retail FX industry.
However, weak regulations and illiteracy are stumbling blocks.
Thursday, 12/05/2022 | 16:37 GMT
by
Solomon Oladipupo
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Institutional FX
Standard Chartered Plans to Exit 5 African Markets
The markets include Angola, Cameroon, Gambia, Sierra Leone and Zimbabwe.
Standard Chartered also announced its plan for the Middle East region.
Monday, 18/04/2022 | 08:58 GMT
by
Bilal Jafar
Executives
Scope Markets Kenya Names New CEO
Alex Karanja Njoroge previously worked at ICEA Asset Management as a Financial Advisor.
Waiganjo has worked in a variety of sectors for over 19 years.
Tuesday, 12/04/2022 | 23:36 GMT
by
Felipe Erazo
News
Equinix Completes $320 Million Acquisition of MainOne
The acquisition will play an important role in the company’s expansion in Africa.
MainOne is headquartered in Lagos.
Tuesday, 05/04/2022 | 10:47 GMT
by
Bilal Jafar
CryptoCurrency
Canza Raises $3.27M to Offer Crypto Financial Services in Nigeria
The crypto 'neobank' was founded by Pascal Ntsama and Oyedeji Oluwole.
Canza offers cross-border settlement and treasury management services.
Wednesday, 23/03/2022 | 21:12 GMT
by
Felipe Erazo
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