Tag Archives: Finance

16Jan/21

Engagement Of Highgate Advisory Ltd As The GRZ Communication Advisor For The Debt Management Process

January 16, 2021EconomyBankruptcy, Corporate finance, Debt, Debt restructuring, Economy, External debt, Finance, Fredson K. YambaSECRETARY, Human resource management, lazard freres, Lusaka, Money, Restructuring, Stakeholder, WHITE & CASE LLP, Zambiasmbale

LUSAKA, Zambia, Jan. 15, 2021 /PRNewswire/ — As part of Government’s ongoing process aimed at restoring Zambia’s public debt sustainability, it became necessary to engage a specialized communication firm with experience in debt restructuring related communication to ensure effective communication with all creditors and stakeholders. It is international best practice for countries restructuring their external debt to hire a financial advisor, a legal advisor and a communication advisor to assist in the restructuring process. The Government of the Republic of Zambia organized an international tender in line with the provisions of the Public Procurement Act: five international firms were invited to participate and three submitted their proposals. Continue reading →

28Sep/20

Payments Platform Wirex Reaches Target for First Crowdfund in 1 and a Half Hours

September 28, 2020FinanceArticles, Crowdcube, Crowdfunding, Equity crowdfunding, Finance, Fundraising, Money, Payment systemssmbale

After opening a private allocation for their crowdfunding campaign only 25 mins before, leading payments platform Wirex has reached their target of raising £1 million in less than 1 and a half hours. With over £1.3 million already raised, Wirex has been pushed into overfunding, and will remain open to give the community the opportunity to invest further as they enter the next phase of their fundraising campaign with Crowdcube. Read more

10Aug/20

CIH Bank automates corporate banking services with Finastra

August 10, 2020Financebank, Companies, Economy, Finance, Finastrasmbale

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams. Read more

03Aug/20

Secondary Education in Africa: Preparing Youth for the Future of Work

August 3, 2020EducationCanada, Cashless society, Credit cards, Economy, Education in Africa, Finance, London, Mastercard, Mastercard Foundation, Money, Payment systems, Secondary educationsmbale

LONDON, Aug. 3, 2020 /Mastercard Foundation/– In its quest to add value to the human development of Africans, Mastercard Foundation embarked on extensive research projects that have been aggregated into one super report entitled, “Secondary Education in Africa: Preparing Youth for the Future of Work”.
Continue reading →

20Jul/20

Wirex Becomes World’s First Crypto-Native Platform to Secure Mastercard Principal Membership

July 20, 2020FinanceCredit cards, Cryptocurrency, Economy, Finance, Mastercard, Money, Online payments, Payment systems, Wirexsmbale

Leading payments platform Wirex today announced their partnership with Mastercard, as they become the first cryptocurrency-native platform to secure Mastercard principal membership. The news further solidifies Wirex’s vision to bring cryptocurrency to the mainstream with the support of Mastercard, the renowned global payment technology company, by giving Wirex additional functionality and control. Read more

07Jul/20

Deutsche Bank And Google To Form Strategic Global, Multi-Year Partnership To Drive A Fundamental Transformation Of Banking

July 7, 2020InnovationArtificial intelligence, Cloud computing, Cloud infrastructure, Companies, Computing, Deutsche Bank, digital technology, Finance, Google, Primary dealerssmbale

Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months. Read more

05Jul/20

Fincasa Announces Global Online Investment Summit “Next Generation Visionaries”

July 5, 2020FinanceCorporate finance, Economy, Entrepreneurship, Finance, FINCASA VENTURES, Money, Private equity, United Arab Emirates, Venture capitalsmbale

FINCASA VENTURES, UAE-based venture capital and advisor to Multi-Royal-Family Fund Houses, announces Investment summit with objective to syndicate USD 1.0 Bn investment in potential companies and start-ups during and post COVID-19 through its stellar consortium of international and domestic investors led by Family Offices, Angels, Funds. Read more

26May/20

Finastra Global Survey Shows Appetite for Open Banking Picking up Pace Worldwide

May 26, 2020Financebank, Banking, Business/Finance, Economy, Finance, financial services, Finastra, Open banking, Technology/Internetsmbale

Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding back innovation. Read more

29Jan/18

Japan to punish hacked cryptocurrency exchange Coincheck

January 29, 2018FinanceBitcoin, Blockchains, Business/Finance, Coincheck, Coincheck Inc, Company: Coincheck, Cryptocurrencies, Cryptocurrency and security, Cryptocurrency bubble, Currency, Digital currency, Economy, Finance, Financial Regulator, Japan, Japanese yen, Modern currencies, Money, NEM, Politics, Tokyo, Volunteer computing, Yoshihide Sugasmbale

TOKYO, JAPAN (JANUARY 29, 2018) (REUTERS) – Japan’s financial regulator plans to slap an administrative punishment on cyrptocurrency exchange operator Coincheck Inc on Monday (January 29), the top government spokesman said, after the firm lost 58 billion yen ($534 million) worth of NEM coins to hackers. Continue reading →

28Jan/18

Nearly $530 million lost in world’s biggest crypto-currency theft in Japan

January 28, 2018SecurityBitcoin, Business/Finance, China Central Television, City: Tokyo, Coincheck, Company: CCTV, Company: Coincheck, Cryptocurrencies, Cryptocurrency, Cryptocurrency and security, Cryptocurrency exchange, Currency, Digital currency, Economy, Exchange, Finance, Foreign exchange market, Grand Theft Auto V, Japan, Japanese yen, Monetary hegemony, Money, NEM, Tokyo, United States dollarsmbale

China Central Television (CCTV) – A major Japanese crypto-currency exchange has lost 58 billion yen (about 528 million U.S. dollars) in digital assets after a hacking attack, making it the world’s biggest ever digital currency theft. Continue reading →

Tag: Finance