Finance

So TheAfricanDream.net out of curiosity recently got curious about our favorite numismatist Adetunji Omotola and his interest in Africa’s over 53 currencies, especially when the Nigerian made us aware that as of January 1, 2013, the Zambian Kwacha (ZMW) was the strongest currency on the continent. In our quest to find out more about Africa’s currencies from our amateur numismatist …

Best-selling South African author Mothupi Kgopa is out with a new book titled ‘African Wealth: Little Money Bird‘. The book’s objective is to assist parents to teach their children money management from an early age. Kgopa’s new book seeks to get parents on the continent to lead the new revolution of raising financially literate children. As recounted in the book: …

MOBA regulations ‘Article 46’ mandates the establishment of an Endowmnet Fund which’s seed money shall not be touched but used as a foudation on which to grow funds over time. Only a portion of interests accrued from the invested funds (not principal) will however be used on an annual basis for projects approved by MOBA global. Get more details about …

The government of Dubai in the United Arab Emirates (UAE) has revealed details of its own blockchain-based cryptocurrency, called emCash. In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital currency that will enable citizens to pay for government and non-government services alike. The digital currency …

Washington D.C. — Trade-ing Up, a non-profit focused on vocational education in Ghana, launches the Sponsor a Student program October 2017. Trade-ing Up is the brainchild of Brandon McGee and Kyle Wiese. Over many visits to Ghana in 2015-17, they encountered youth in the town of Yeji eager to earn certifications in sought-after trades such as dress-making and carpentry. These youth, …

Ghana has witnessed some positive actions for the country in government’s quest to achieve financial inclusion, using it to propel the kind of development people have yearned for, for decades. The first action was the announcement by the National Identification Authority (NIA) that it was ready to roll out the National Identification System. This has been on the drawing board …

The Board of Directors of IT Systems firm, Sibton Switch has announced the appointment of Mr. Peter Denzil Lawson as its new Chief Executive Officer (CEO) effective August 1, 2017. Mr. Lawson is expected to provide critical strategic and operational leadership and direction to guide the operations of the company in its crucial years as it prepares towards the implementation …

As Digital Currency Values Skyrocket BitMari Becomes 1st to Partner with African Bank. WASHINGTON, DC June 7, 2017 — BitMari, the world’s leading Pan-African Bitcoin wallet provider, has partnered with Agricultural Bank of Zimbabwe to integrate Bitcoin and blockchain technology into their consumer offerings. This marks the first time an African commercial bank has agreed to work with a Bitcoin company. …

Youth consumers in Sub-Sahara Africa (SSA) are very image conscious and are spending over 50% of their earnings on personal care items, this is according to a recent GeoPoll rapid survey carried out among youth between the ages of 18 to 35 in Kenya, South Africa, Nigeria, Ghana, and Uganda. In an article appearing on Africa.com on top ten trends …

Sibton Switch Systems Limited (SSSL); a wholly owned subsidiary of Sibton Communications Limited has revealed to TheAfricanDream.net that it will soon deploy transactional interoperability in Ghana, having won a contract to do so and the mandate of Ghana’s Central Bank. Interoperability from a financial perspective involves the ability of a computer system to run application programs from different vendors and to …