Finance

emCash becomes Dubai’s First Official State Cryptocurrency

emCash

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 …

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Trade-ing Up launches student sponsorship program for Ghana beneficiaries

Trade-ing Up

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, …

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Welcoming the Ghana retail payment systems infrastructure

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 …

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Sibton Switch appoints new Chief Executive Officer

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 …

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Black-Owned Bitcoin Startup BitMari Makes History And Expands Territory To Zimbabwe

BitMari

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. …

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Spending Habits of Youth Consumers in Sub Sahara Africa

Youth consumers

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 …

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Sibton Switch Systems Limited Ventures Into Interoperability In Ghana

Sibton Switch Systems

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 …

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Bitcoin And Other Virtual Currency Security Risk In Ghana

The usage of Bitcoin and kitiwa among other virtual currencies and markets pose severe risks to Ghana’s security says the country’s Financial Intelligence Centre. The assessment is based on available international records that show insurgencies have been funded from Ghana. Saddled with combating money laundering and terrorist financing, the centre is now working to make Ghana the first country in West Africa to publish its national risk …

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Little-Known Tax Tips For Small-Business Owners

At tax time, small businesses look for ways to save money and maximize credits and deductions. “One of the most overlooked ways for small businesses to save at tax time starts at the beginning of each tax year,” advises David Ayoub, CPA in Syracuse, N.Y. “It’s simple. Keep every receipt. Find a way to corral all the loose receipts lying …

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Africans in and out of diaspora asked to take taxation seriously

Nana Osei Amoh, CEO of Auxano Limited Liability Company (LLC), a budding financial firm in Virginia USA has taken advantage of the tax season in 2013 to call on his fellow Ghanaians and Africans all over the USA and those living on the continent to take their financial issues very seriously and pay careful attention to taxation. This is because …

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