Friday, May 17

Money Deals

Forex CFD trading
  • Within the financial history of Africa, the last 10 years have witnessed a notable surge in the acceptance of Forex CFD trading.
  • Technological advancements have become the unsung stars of the Forex CFD trading story in Africa.
  • If you wish to get started with Forex CFD trading in Africa – you need a trusted broker with a reputable trading app.

Within the huge financial spectacle, Forex CFD trading is a gripping protagonist that draws traders into its complicated storylines of profit and risk, all set against the dramatic backdrop of a Shakespearean tragedy. With 2024 drawing to a close, it is wise for us to examine critically the story of Forex CFD trading in Africa. Like a rollercoaster journey over the wild landscape of the stock market, each turn offers a unique combination of opportunity and difficulty.

The Rise of Forex CFD Trading in Africa

Within the financial history …

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cryptocurrency investments
  • A key component of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively.
  • The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange.
  • Solana, on the other hand, is a blockchain platform designed for decentralized applications and crypto-native projects.

Cryptocurrency investments have gained significant popularity in recent years, providing individuals with opportunities to grow their capital in the digital asset space. One of the key components of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively. In this blog, we will explore the concept of using exchanges to grow your capital, with a specific focus on the USDT/SOL exchange pair.

What is the USDT/SOL exchange pair?

The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange. Tether is a stablecoin pegged to the value of the US dollar, providing investors with a stable and reliable cryptocurrency

African startups
  • 121 African startups secured $466M, marking a 27 per cent drop from the previous quarter; women-led startups got 6.5 per cent of the capital.
  • About 87 per cent of startup funding in the three months to March went to entities in Nigeria, Kenya, Egypt, and South Africa.
  • Gender imbalance persists as only 6.5 per cent of the financing went to female-led startups in Africa.

The big four economies of Nigeria, South Africa, Kenya, and Egypt continue to attract the highest share of funding going to startups in Africa, even as the ecosystem suffered a 27 per cent drop in financing to $466 million in the three months to March 2024.

The latest analysis from Africa: The Big Deal shows that 87 per cent of startup funding in the three months to March went to upcoming entities in Nigeria, Kenya, Egypt and South Africa.

Attracting $160 million, Nigeria’s economy accounted for …

Patrice Motsepe, how he made his billions

Patrice Thlopane Motsepe has entrepreneurship baked in his bones.

It seems the South African born mining magnate has natural instincts for enterprise.

Looking at his accomplishments in the mining industry and business world its not hard to imagine that he possesses the so called “animal spirits” that renowned British economist John Maynard Keynes said drives entrepreneurs and causes them to see opportunities for value where others cannot.

  • Patrice Motsepe is a South African billionaire who has made a fortune estimated by Forbes to be in the region of US$ 2.6 billion.
  • His fortune has come from investments in the mining industry through a company he founded in 1997 called African Rainbow Minerals Limited.
  • African Rainbow Minerals is involved in the mining of gold, platinum, coal, ferrous and base metals.

According to Forbes, Motsepe’s personal fortune is estimated to be in the region of US$ 2.6 billion. Motsepe founded and …

Mark Willcox fomer Mvela CEO dies

In 2005 Willcox’s 4.4% interest in the formerly JSE listed and now defunct Mvela Group was estimated to be worth in the region of ZAR 118 million. This was the mainstay of his wealth.

Mining MX reported that Willcox trained as a lawyer, obtaining an LLB from the University of Cape Town. After a stint in the US, he returned to South Africa, where he became involved in commercial law. While structuring a transaction in 1998 involving diamond assets near Kimberley, Willcox first met Sexwale.

Black Economic Empowerment is an emotive topic in South Africa and southern Africa. Countries on the African continent were historically colonized by largely European countries that assumed control over political and economic control over their colonies. The colonies were governed through a political system of white minority rule where the settlers as it was exercised political control and ruled over the entire population. The natives …

Cellulant Partners with Orange Money for Wallet Transfers in Botswana. www.theexchange.africa

Customers can also buy airtime and access other mobile network operator services using their Visa or Mastercard debit and credit cards through Tingg, Cellulant’s digital payments platform.

Tingg by Cellulant is at the forefront of ensuring digital financial solutions are available across the continent. Tingg, which integrates 211 banks in Africa, is a one-stop payment aggregator for multinational corporations, mid-caps, and small and medium-sized enterprises (SMEs).

Tingg enables merchants to receive, view and reconcile all their payments through a single platform or their system by integrating Tingg’s Application Programming Interfaces (APIs), eliminating the need to subscribe to multiple providers’ payments and, in the case of mobile money, mobile network operators (MNOs) and banks.…

The informal sector in Zimbabwe must show will and readiness to formalize. Vendors selling in Harare, Zimbabwe. www.theexchange.africa

Zimbabwe’s dual economy, the formal and informal sectors, have become two distinct economies in Zimbabwe. With the former vulnerable to complex tax regimes and inconsistent monetary policies, the latter has no regard for both.

In some circles, the informal sector has been referred to as the grey economy, shadow economy, underground economy, parallel sector, and the cash economy.

  • Econet Life, an EcoCash Holdings Zimbabwe insurance unit, has launched a unique micro-pension fund product that allows people in the informal sector to save for retirement
  • The new product, called Dura/Isiphala Pension Fund, was launched in Kariba at the weekend and is expected to drive the uptake of pensions by workers in the informal sector
  • Meanwhile, on March 27, 2019, President of Nigeria Muhammadu Buhari launched the Micro Pension Plan (MPP) as part of his administration’s efforts to ensure that Nigerians who worked hard during their active years in service of their
Liquid Intelligent Technologies completes acquisition of Telrad www.theexchange.africa

Liquid can deliver connectivity on both a local and regional scale because of its open access, totally owned fibre network that spans 100,000 kilometres.

The terrestrial infrastructure is supplemented by an extensive network of undersea cables, which together make up the international connectivity footprint of Liquid.

In addition to networking, cloud voice, cloud applications, and cloud platforms, Liquid’s cloud solutions incorporate cyber security services such as cyber defence, secure access, and safe data in addition to networking, cloud voice, cloud applications, and cloud platforms.…

jubilee agm

Investment income and higher net premiums contributed to Jubilee’s increased net profit of Sh6.8 billion for the year that ended in December, which was up 67% from the previous year.

As a result of the performance, the company has declared an extraordinary dividend of Sh5 for each share. In addition to its regular dividend of Sh9 per share, the company distributed this amount.

After reaching an agreement to purchase a majority stake in Jubilee’s general insurance businesses, Allianz negotiated a contract with Sanlam Limited of South Africa to establish a joint venture. This agreement may have repercussions for the Kenya-based subsidiaries of both of the aforementioned companies.…

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