Cryptocurrency, 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
Commerce
Senegal to focus on digitisation of payments for economic growth
By digitising 50 per cent of all national payments, Senegal’s economic growth would increase by more than US$177mn per year
EIB pledges US$78mn to four companies in Kenya and East Africa
The European Investment Bank (EIB) has announced that it will support four new projects in Kenya and the wider East-African region with loans worth US$78mn
Temenos establishes South African “Bank of the Future”
Temenos, the banking software company has announced the launch of its South African “Bank of the Future” Think-Tank
Minister asks ITU delegates to support resolution on Somalia
Abdi Ashur Hassan, speaking at the 2018 Plenipotentiary Conference (PP-18) of the International Telecommunications Union (ITU) in Dubai, emphasised that the transformation of Somalias economy would come from efforts to ramp up technology capacity in the nation