Category Archives: Finance

04Oct/22

PwC announces record global revenues of US$50 billion

October 4, 2022FinanceBhutan Centre for Media and Democracy, Manitoba Provincial Road 272, PwCadmin

PwC firms around the world achieved gross revenues of US$50.3 billion – up 13.4% in local currency and 11.4% in US dollars for the 12 months ending 30 June 2022. Revenue growth was strong throughout the year, following the rebound in the last quarter of FY21 as the impact of the COVID-19 pandemic subsided. Continue reading

03Oct/22

Finastra research points to open finance progress

October 3, 2022FinanceFinance, Finastra, Money, Peek, Technologyadmin

Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around open finance and collaboration, despite the challenging market conditions of the last few years. Continue reading

03Oct/22

Three reasons a weak pound is bad news for the environment

October 3, 2022FinanceAlix Dietzel, Alvin Birdi, Articles, British Pound Sterling, Carbon tax, Climate change mitigation, Climate change policy, Creative Commons, Economic growth, Energy, Katharina Richter, Kwasi Kwarteng, Low-carbon economy, Nature, Richard Whitcombe, Russia, THE BANK OF ENGLAND, Ukraine, United Kingdomadmin

Katharina Richter, University of Bristol; Alix Dietzel, University of Bristol, and Alvin Birdi, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile and far below its value earlier this year.

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26Sep/22

South African teens skip school to chase risky crypto dreams

September 26, 2022FinanceAsheer J. Ram, Bitcoin, Bitcoin Attackers, Brazil, Cryptocurrencies, Cryptography, Decentralization, Digital currencies, Economy, Facebook, JOHANNESBURG, John, Kenya, Kimberly Mutandiro Young South Africans, KwaThema Township, Langaville Township, Money, Nigeria, South Africa, Thandi Mbamo, Tiamo, TikTok, Tsakane Township, United Kingdom, United Statesadmin

Young South Africans see crypto as way to quick wealth
Poverty, high unemployment pushes them to crypto
Users not fully aware of risks, vulnerable to scams

By Kimberly Mutandiro

JOHANNESBURG, Sept 26 (Thomson Reuters Foundation) – John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin.
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24Sep/22

eBay Awards $500,000 to 2022 Class of Up & Running Grant Recipients

September 24, 2022FinanceComputer architecture, eBay, eBay Inc., Operating systems, Software, United Statesadmin

eBay Inc. today announced the recipients of its third annual Up & Running Grant program, which was created in partnership with Hello Alice to support U.S. small businesses with the capital and resources they need to scale, grow and thrive online. Continue reading

23Sep/22

Rise Start-Up Academy Opens Applications to FinTech Experts

September 23, 2022FinanceBarclays, Clan Barclay, Companies, Economy, Finance, Financial technologyadmin

Rise, created by Barclays – a global community of the world’s top innovators working together to create the future of financial services – has opened applications for the next cohort of the Rise Start-Up Academy. The theme for this cohort is specifically focused on supporting budding founders who find themselves out of their FinTech jobs due to the current economic climate. Continue reading

23Sep/22

‘Africa’s Foremost Crypto Artist’ Osinachi Announces African Creator Accelerator Program on MakersPlace

September 23, 2022FinanceART X Lagos, Miami, Osinachiadmin

Osinachi, the self-taught Nigerian digital artist, establishes his own accelerator program on MakersPlace, the premier marketplace for rare and authentic digital fine art, to onboard African creators and establish an enriched community in the NFT art world. Artists of all levels currently residing in Africa are eligible to be accepted into the program, and if selected, their artwork will be featured in an online exhibit on MakersPlace that will be announced on November 3, timed to coincide with the opening of Art X Lagos. Six accelerator winners, curated by Osinachi, will also be invited to exhibit two additional artworks at the SCOPE art show during Art Week Miami in December. Continue reading

16Sep/22

As ether adopts energy-saving ‘merge’, will bitcoin follow?

September 16, 2022FinanceArticles, Avi Asher-Schapiro, Bitcoin, Bitcoin Attackers, Bitcoin Cash, Blockchain, Carmine Russo, Computing, Cryptocurrencies, Economy, Ethereum, Los Angeles, Malaysia, Margot Paez, Mike Brune, Proof of stake, Sweden, U.S. Senators, United States, Vitalik Buterinadmin

No. 2 cryptocurrency to adopt energy-saving protocol
‘The merge’ could cut ethereum’s power use by 99%
Move seen piling climate pressure on bitcoin

By Avi Asher-Schapiro

LOS ANGELES, Sept 12 (Thomson Reuters Foundation) – Ethereum, the blockchain underpinning the world’s second-largest crypto token ether, is poised for a software upgrade that will slash the amount of energy it uses – a step that could pile pressure on bitcoin to take similar climate-friendly action. Continue reading →

12Sep/22

Janngo Capital Startup Fund, Africa’s largest gender equal tech VC fund, reaches the first close of its €60 million new fund

September 12, 2022FinanceAlternative investment management companies, Davosadmin

At the eve of the 77th Session of the UN General Assembly (UNGA), Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 million) in capital commitments. Launched in Davos in 2020, Janngo Capital’s latest fund will invest 50% of its proceeds in companies founded, co-founded, or benefiting women. Backed by global financial institutions as well as leading private corporations, the fund management company plans to invest EUR60 million (approximately US$63 million) in startups leveraging technology to leapfrog development and achieve SDGs in Africa. Continue reading

02Sep/22

Flutterwave Secures Switching and Processing License, Nigeria’s Highest Payments Processing License

September 2, 2022FinanceAdyen, Bank, Central Bank of Nigeria, E-commerce, Economy, Electronic funds transfer, Financial services, Merchant services, Money, Payment gateway, Payment service provider, Payment systemsadmin

Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services. Continue reading

Category: Finance