Banking & Finance

European Court of Auditors: EU’s fund for Africa ‘lacks focus’

AdobeStock 170675494The objective of the European Union’s US$4.6bn fund to support activities in 26 countries across three regions of Africa is not focused, a new report by the European Court of Auditors observed

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Societe Generale continues its sustainable growth strategy in Africa

kv afrique sanssignature310x210French multinational investment bank Societe Generale Group (SocGen) has confirmed the solid growth of its African operations

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ICD to introduce blockchain solutions in Islamic banking system

IMG 9852.JPGIslamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) have signed an investment agreement to implement blockchain solutions for Islamic banks

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Bitcoin can bring financial inclusion to the unbanked in Kenya

41049216902 e115b7c712 zCryptocurrency, especially Bitcoin, can provide financial inclusion to the underbanked and unbanked, giving a Mwananchi (local Kenyan) the opportunity to increase their wealth, Paxful said in a statement

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WeChat to boost Kenya-China trade

6940221629 5d303286f1 zKenya-based bank Family Bank Limited has teamed up with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat, a service that will boost trade between Kenya and China

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