Cornerstone Financial Services Group (CFSG) has named accomplished businessman Bheki Shongwe as its first non-executive Chairman, signalling a new era of growth for the group.
Author: Africa Business
Bridging the gap: Using a multi-faceted approach to combatting financial inequality
To address the rampant inequality in many African economies today, companies are demonstrating a customer-centric approach that drives formal financial and economic inclusion. In this article, Mukuru CEO, Andy Jury, shares a multi-faceted approach to addressing barriers to formalisation and how to create a more inclusive and equitable landscape in South Africa – offering accessible, low cost remittance services and digital solutions while maintaining a physical presence.
Leveraging unified commerce solutions for customer-centric retail success
In the dynamic world of retail, understanding the evolving nature of the consumer journey is paramount. With increasing technological advancements and rising customer expectations, retailers […]
Luxury Lifestyle Awards Recognizes Clifton Homes as Winner in Two Prestigious Categories
Clifton Homes Limited, Ghana’s fastest-growing residential developer since 2010 is thrilled to announce its remarkable achievement as a winner of two distinguished categories at the esteemed Luxury Lifestyle Awards.
Central bank digital currencies: What they mean for financial inclusion and private sector banks
Three pilots, one fully launched digital currency in Africa The world’s central banks understand that the future of money is digital. As payments shift online, […]
South Africans can now Scan to Pay with Crypto
Scan to Pay, powered by Ukheshe, is the largest QR ecosystem in South Africa and is used by more than 600,000 vendors, 14 banks and fintech companies and 94 payment service providers. Now, this new partnership will seamlessly introduce more crypto payment options to mainstream South Africa through the Scan to Pay app.
Business Tourism in Africa as a Key Driver of Economic Growth
While Africa has long been celebrated for its natural beauty and cultural diversity, it’s now becoming a hotbed for international conferences, conventions and corporate gatherings. The statistics are compelling – a staggering 78.2% increase in tourism arrivals to South Africa in the first half of 2023 compared to the previous year, with business spending constituting 43% of the overall tourism contributions. Beyond economic statistics, this trend has far-reaching effects. It stimulates job creation, empowers local communities, and bolsters various sectors, from hospitality to transportation. In the article, Devi Paulsen-Abbott, Chairperson of the Association of African Exhibition Organisers, lists the key drivers behind this growth.
Merchants around the globe increase spend to tackle E-commerce fraud crisis
Concerned merchants increase fraud budgets and grow fraud teams Increased automation is crucial and will ultimately help merchants save more and improve efficiency New solutions […]
What Should You Know About The Forex Market?
The Forex market is acknowledged as a global and decentralized marketplace where you can buy as well as sell currencies. A participant involved in the Forex market ranges from individual retail traders and central banks to financial institutions. This market works 24 hours and five days per week. However, trading activities reach their peak at the time of overlapping hours in some significant financial centers like Tokyo, London, and New York.
Vestergaard manufactures its 1 billionth PermaNet mosquito net
This month, Vestergaard marks the manufacturing of its one billionth PermaNet® long-lasting insecticidal nets (LLINs) and will convene two high-level meetings at the UNHQ around the United Nations General Assembly.