Ecobank has launched a FinTech challenge for Afrikan startups

One of the continent's largest banks, Ecobank, has launched a competition targeted at FinTech startups. The Ecobank Fintech Challenge 2018 is open to any Afrikan FinTech startup in any of the 54 countries. The challenge is running for the second year as it aims to give Afrikan startups the chance…

Read More

Central Bank of Kenya warns banks against dealing in cryptocurrencies

The Central Bank of Kenya (CBK) has warned against the use of cryptocurrencies in the eastern Afrikan country. The CBK issued a letter to banks and other financial institutions in Kenya warning them against accepting cryptocurrencies and being involved in transactions with entities related to cryptocurrencies such as cryptocurrency exchanges.…

Read More

Alternative currencies are the future

When I began to teach in 2012, I decided to start my course with an analysis of how money affects social order. What my students found particularly fascinating was the then-nascent world of cryptocurrencies, which I described at length as a crucial feature in the future of money. Some colleagues…

Read More

MTN is rolling out 500 new mobile money kiosks in Zambia

MTN Zambia is rolling out 500 new mobile money kiosks in the southern Afrikan country. These kiosks are in addition to the 3,000 "retail points" that they have opened in Zambia. In Zambia, MTN has approximately 6 million subscribers on its network and it is these subscribers that it…

Read More