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Tag Archives: African

Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa

Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa, according to a press release published Nov. 11 by Asia-focused English-language publication Nikkei Asian Review. Sompo Holdings Inc. reportedly invested 570 million yen ($5 million) Nov. 8 to acquire a 10 percent stake in BitPesa. BitPesa is anAfrican Bitcoin (BTC) startup that was ...

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Coinfirm, Africa Blockchain Lab and KAD ICT Hub Creates African Anti-Fraud System

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. At ...

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Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report

A South African businessman whose captors had allegedly demanded bitcoins as ransom has been freed. Liyaqat Parker, a businessman based in Cape Town, South Africa, was released on Monday according to a statement issued by his family. However, the circumstances of his release, including whether the bitcoin ransom was paid, remain unclear as his family declined to divulge further information. ...

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African Regulators Taking ‘Wait-and-See’ Approach on Cryptocurrency: Ecobank

African countries want to regulate cryptocurrency, but hardly any one wants to take the lead in responding to the meteoric rise of this technology and asset class. That’s according to a new report from the Togo-based Ecobank, the leading independent regional banking group that serves nearly 40 countries in West and Central Africa. The report, which examined the regulatory response ...

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Crypto Exchange to Target African Market by Offering Low Transaction Fees

An “advanced and robust” trading platform is vowing to help emerging economies embrace cryptocurrencies and blockchain technology — in the hope that inclusion and education will bring economic freedom to the masses. KuBitX claims that there is widespread reluctance to learn about crypto, compounded by a lack of knowledge and resources for those who want to discover more. The company ...

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African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles

African blockchain and crypto businesses have been raising funding despite regulatory issues in some markets. A new report by Weetracker highlights that most of the capital raises and moves towards ICOs have predominantly been in South Africa, Kenya and Zimbabwe. The report looks at the first quarter 2018 activity across the continent. It also notes that African fintech start-ups have ...

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Swiss NGO to Accept Crypto Donations for Food, Healthcare, Education for African Children

Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26. Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in Tanzanian capital Dar es Salaam. KryptoPal will set up a ...

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Blockchain Has Benefits for African Markets, Says Alexander Forbes CEO

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The chief executive officer of one of Africa’s biggest and diversified financial and insurance company, Alexander Forbes, has told CCN that there are benefits in deploying blockchain technology in corporate operations. The company’s chief executive officer, Andrew Darfoor, told CCN in Harare on Friday that blockchain is an exciting ...

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$14.5 Bln South African Investment Firm to Launch Crypto Exchange

Sygnia Asset Management, a major South African investment firm with 180 bln rand ($14.5 bln) under management, has revealed that it will launch a cryptocurrency exchange later this year, BusinessTech reported May 25. Sygnia CEO Magda Wierzycka said the company would launch its cryptocurrency exchange, dubbed ‘SygniaCoin,’ in the third quarter of 2018: “The cryptocurrency market is evolving at a ...

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