A New Framework for the Conduct of Monetary Policy by the Bank of Mauritius

The Bank is introducing its new Monetary Policy Framework (MPF) effective 16 January 2023. The new framework is expected to address the deficiencies of the existing one and help to further strengthen monetary policy operations and the monetary policy transmission mechanism. The existing framework lacked a clearly defined nominal anchor and needed to be aligned

Fraud Trends Every CFO Should Know

PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for. 1.Fraud protection is no longer optional It’s hard

Stanbic IBTC Capital Named Best Investment Bank in Nigeria at the EMEA Finance African Banking Awards 2022.

Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings PLC, won four awards at the recently concluded EMEA Finance African Banking Awards 2022. For the 8th consecutive year, Stanbic IBTC Capital was named Best Investment Bank in Nigeria. Stanbic IBTC Capital also won awards for Best Debt House, Best Loan House and Best

Adeduntan: Banks, Customers Must Approach 2023 with Partnership Mindset

The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the anticipated macroeconomic challenges. Excerpts: What

Yellow Pay: The Newest Payment Feature from Yellow Card, Now Available Across Africa

The new product uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT  Yellow Card Financial (www.YellowCard.io) is excited to announce that their revolutionary new payment feature Yellow Pay (https://bit.ly/3QuL1gc), is officially available across Africa. With Yellow Pay, customers can send and receive money through the Yellow Card crypto exchange platform, without any

Growth in Cashless Transactions Spurs New and Innovative Payment Solutions

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest

Network International Appoints Sandeep Chouhan, a Global Leader in Banking and Payments, as its Group Chief Business Transformation and Technology Officer

Sandeep most recently served as Group Chief Operating Officer of Abu Dhabi Islamic Bank (ADIB)  Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Sandeep Chouhan as Group Chief Business Transformation and Technology Officer. Bringing global experience in spearheading Business and

The enza group: A new contender enters the African payments industry

A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent. The African consumer payments landscape remains dominated by cash, with global management consulting firm McKinsey[1] estimating that only 5 to 7 percent of

Cellulant Named Number One Payment Brand in Kenya

Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry  Pan-African payments technology company, Cellulant (www.Cellulant.io/), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a

Consumers Will Choose Cash to Make Billions of Rand in Festive Season Payments

Cash remains one of South African consumers’ favourite ways to pay because it’s convenient, easy, and offers low transaction costs for customers and retailers alike. That means that every small and medium sized retailer should be preparing itself to manage an influx of cash over the festive season as consumers splash out on treats and