Capitec Restricts Customers from Sending Funds to Crypto Exchanges
South African retail bank Capitec restricts customers from sending funds to crypto exchanges in a move highlighted as an anti-fraud measure. Speaking to MyBroadband, the bank, through a spokesperson, said, “Capitec is committed to protecting our clients from fraud, which is why we made the decision to block EFTs and immediate real-time
13 Best Beaches in East Africa This Year
East Africa is full of surprises. You might think it’s just about safaris and wildlife, but the Kenyan and Tanzanian coastlines also offer amazing beach experiences. With tropical climates and pristine warm waters, these beaches provide an inviting opportunity to immerse yourself in island life. A beach break in East Africa makes a wonderful addition
Ethiopia’s Central Bank Introduces New Policy on FX Spreads and Fees
Ethiopia’s central bank introduces new policy on FX spreads and fees that takes effect immediately. This requires the country’s financial institutions to separately include their forex trading spreads in their daily posted rates to ensure transparency. The bank stated that, based on lessons learnt and input from the banking sector,
Kenya’s Sistema.bio Gets $15 Million to Scale Clean Energy Technology
Nairobi-based biogas technology company, Sistema.bio gets $15 million to expand its sustainable energy solutions across Africa. This funding will allow the company to scale its operations, expand into new markets, and advance its regenerative agricultural solutions — providing clean energy and regenerative agriculture solutions to smallholder farmers worldwide. The funding round was
Google Turns to Nuclear Energy to Fuel AI Data Centers
Google turns to nuclear energy to fuel AI data centers, this is after signing a strategic agreement with Kairos Power to use nuclear energy for its artificial intelligence (AI) data centers. The tech giant plans to power its AI operations with small nuclear reactors, aiming for the first reactor to go online
Choosing the Right Legal Structure for a Business This Year
Choosing the right legal structure for a business is one of the most critical decisions you will make when starting your business. This decision will significantly impact your business’s taxes, liability, and overall management structure. But, it can be overwhelming to determine which structure is the best fit for your
How to Build and Maintain Successful Business Relationships
Business relationships are the connections you build with your customers, team members and business partners. Starting relationships in a positive way can help you maintain long-lasting, productive connections to help an organization grow. Learning how to start positive relationships could help you expand your professional network and succeed in your
Kenya’s Tax Authority to Track and Tax Crypto Transactions
Kenya’s tax authority to track and tax crypto transactions with real-time tax system with cryptocurrency exchanges and marketplaces, allowing it to monitor and record transactions. KRA stated this while outlining its tax collection strategies for the fiscal year 2024/25, adding that it will capture transaction details such as the date,
Nigeria’s Power Grid Partially Restored After Collapsing for the Sixth Time
Following a nationwide blackout in Nigeria yesterday, October 14, 2024, Nigeria’s power grid partially restored after collapsing for the sixth time in 2024. Abuja Electricity Distribution Company (AEDC) reportedly received 30MW and Benin Electricity Distribution Company (BEDC) received 20MW, totalling 50 MW. Furthermore, as of 7 p.m. yesterday, only Ibom Power was
Crypto Firms Refund ₦160 Million to FG After Indictment
Crypto firms refund ₦160 million to FG after indictment for unlicensed USDT-Naira trading. These Nigerian cryptocurrency firms are Paparaxy Global Ventures Limited and Lemskin Technologies Limited, they were charged for conducting financial services without proper licensing. The companies were accused of engaging in unauthorised USDT-Naira transactions and unlicensed financial operations. This
