The European Central Bank is poised to deliver what could be the penultimate increase in its unprecedented campaign of interest-rate hikes. Economists and markets overwhelmingly expect the deposit rate to be lifted by a quarter-point to 3.5% on Thursday, leaving them focused on guidance for how much further officials expect to raise borrowing costs with … Read More “ECB enters home stretch of historic hiking cycle: Decision guide” »
In October 1972, at the height of the Bronze Age of technology, Standford Artificial Intelligence Lab hosted the first-ever Esports Tournament. Nigeria hosted the first African Games for Esports in 2020, hosting over 300 players in Lagos. In 2018, esports revenue was $856 million, and according to Statista, its projected market will reach $1,624 million … Read More “Esports in Nigeria; a goldmine of possibilities” »
by Fintechnews Africa 19 April 2023 CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations and the continent’s technology standing. Africa is the only global region to have experienced increased venture funding and an explosion in blockchain-specific funding. Cementing the fact that the technology … Read More “African Blockchain Venture Funding is Booming” »
The icy crust at the south pole of Saturn’s moon Enceladus is seen spewing a plume of icy particles into space. The long hunt for extraterrestrials just got a big boost. Scientists have discovered that phosphorus, a key building block of life, lies in the ocean beneath the icy surface of Saturn’s moon Enceladus. The … Read More “NASA finds key building block for life in a moon of Saturn” »
Financial advisors may want to rethink how important Twitter is to their overall digital marketing strategy. Twitter posts produced the lowest engagement of any social network studied in Hearsay Systems’ 2023 Financial Services Social Selling Content Study, which analyzed 16.3 million published posts from more than 100 global financial services firms. Across text, images and … Read More “Twitter struggles to match engagement found on other networks, study finds” »
In May, African startups emerged from a two-month funding hiatus. After an exceptionally quiet March and April, with the former being the worst month in two and a half years, startups in Africa raised a total of $645m in May 2023, putting them back on track to surpass the $5bn they raised last year. “May … Read More “African startups stage funding comeback” »
Fintech, Troygold, allows gold owners to upload and digitize their physical gold and then use it for transactions and finances. Customers receive an ownership certificate and can then save, spend and borrow against their gold bullion via a mobile app and Mastercard debit card. The gold storage and insurance are free of charge. Troygold was co-founded … Read More “Fintech digitises SA’s R300 billion in Krugerrands” »
People will be able to stroll virtually through the streets of the Mughrabi quarter of Jerusalem’s Old City, thanks to a new mobile application. The Moroccan quarter of Jerusalem’s Old City was located at the foot of the Western Wall and now serves as a plaza in front of one of Judaism’s most sacred sites. Virtual … Read More “Lost Jerusalem neighbourhood recreated in 3D app” »
With six of the seven African unicorns in the financial technology (FinTech) sector, Africa’s FinTech sector is booming; industry experts expect the $15 billion 2021 valuation of the sector to double by 2025. Driving this surge in demand are factors like the youthful population, the growing internet population and access to mobile telephony. Besides changing … Read More “The role of education in bridging the skills gap in Africa’s fintech” »
by Fintechnews Africa 16 June 2023 Visa announced the launch of the new Visa Africa Fintech Accelerator program to help enable Africa’s expanding start-up community through expertise, connections, technology, and investment funding. The initiative was introduced by Visa Executive Chairman Alfred F. Kelly Jr. at Bloomberg New Economy Gateway Africa in Marrakech, Morocco. The Visa … Read More “Visa Starts Africa Fintech Accelerator Program” »
