Several countries around the world, including Nigeria, are increasingly using cryptocurrencies. Recent data shows that Nigeria, Africa’s largest economy, leads other African countries in the use of cryptocurrency. Bitcoin is one of the cryptocurrencies that took-off in Nigeria when the locally infamous MMM Ponzi scheme promised 30% of investments in […]
FINANCE AND INVESTMENT
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South Africa-based retailer, Shoprite Holdings has reportedly concluded plans to close another of its store in Kenya barely a year after opening. Reuters reports that the company confirmed its store at City Mall in Nyali, Mombasa would cease operations by the end of August 2020. In a letter, dated July […]
Cryptocurrency: Luno Partners with Genesis to Help Customers Earn Interests on their Crypto Holdings
Luno, one of Africa’s leading cryptocurrency exchange has announced a partnership with Genesis, a leader in prime brokerage services in the digital currency to enable users to earn interest on their crypto holdings. The partnership will allow Luno to offer more ways for investors to earn interest on their crypto […]
A large number of African startups are not incorporated on the continent and this includes some of the fastest-growing African startups like Paga, Paystack, Andela and Flutterwave which are incorporated in San Francisco, Delaware, or other non-African countries. A recent report by the African Private Equity and Venture Capital Association […]