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Tag: money

Africa Featured Ghana West Africa World 

Ghana: Minister quits job over alleged stashed cash

Elwin Mandowa, , , , , , , , ,
A Ghanaian minister, Cecilia Abena Dapaah has been forced to leave her job after court documents revealed that she may have stashed cash amounting to millions of dollars at her home. Media reports last Friday revealed that the minister who was in charge of sanitation, reported two of her maids to the police for stealing money from her. The maid… Read More
Africa Business World 

Accelerating instant payments in Africa can boost development

Elwin Mandowa, , , , ,
Over 350 million adults in Africa are unbanked and primarily excluded from the formal economy, relying heavily on cash or informal providers for their financial needs, which is costly, risky and leaves them vulnerable to economic instability. This is according to AfricaNenda, an African-led institution that is working to unlock the potential of inclusive digital financial services on the continent.… Read More
Africa Business World 

African finance ministers demand action on global financial architecture reform

Elwin Mandowa, , , , , , ,
Coming out of the World Bank Group (WBG) and International Monetary Fund (IMF) Spring Meetings, a group of African Finance Ministers and partners is urging global institutions to do more to deliver for African countries. The WBG/IMF Annual Meetings will return to Africa for the first time in fifty years this October, which presents an eight-month window of opportunity for… Read More
Africa Featured World 

5 Ways To Earn Through Social Media In Africa

Elwin Mandowa, , , , , ,
– – If you are lagging behind in the social media earning spree, it is important that you start decoding the world of influencers and social media marketing. Introduction Making money through social media is getting more common throughout the world. Africa, with her blooming talents and high potential, can make plenty from these digital platforms. Social media can help… Read More
Africa Business World 

Understanding currency pair sentiment

Elwin Mandowa, , , , , , , ,
– – An important aspect of any profitable approach for trading foreign exchange is having an understanding of the impact that sentiment has on the values of currency pairs. If you are able to understand these sentiments through the quantified tools and resources that are available to forex traders, then you will be able leverage this sentiment in a timely… Read More
Africa Business East Africa West Africa World 

Kenya freezes Nigerian tech firm’s bank accounts over fraud allegations

Elwin Mandowa, , , , , , , , ,
– – Kenya has frozen bank accounts run by a Nigerian online payments’ company on the orders of a court. The Kenyan court ordered the freeze over allegations that the firm’s accounts were linked to fraud and money-laundering. Kenya’s Assets Recovery Agency (ARA) said it sought and was granted orders freezing a total of 6.2bn shillings ($52.5m; £43.9m) in 62 bank… Read More
Africa Business World 

Zeepay hosts conference to mark international day of family remittances

Elwin Mandowa, , , , , ,
– – Zeepay Company Limited, on Thursday June 16, 2022 hosted the second edition of Disrupt 270 Conference on the theme “Leveraging Remittances for Digital Inclusion and Impact” to commemorate the International Day of Family Remittances. The one-day thought leadership conference provided insights on the evolution of remittances post-pandemic and how various policies are influencing the industry to impact diasporans and… Read More
Africa South Africa Southern Africa World 

SA woman who spent almost $1m she got in error jailed

Elwin Mandowa, , , , , , , ,
– – A South African woman has been jailed for five years by a court for spending almost $1 million (14 million rands) credited to her bank account in error. Sibongile Mani got 14 million rands instead of 1,400 rands she was entitled to in 2017. The money had come from the National Student Financial Aid Scheme (NSFAS) through a… Read More
Africa Ghana West Africa World 

Ghana: Man beats lover to death over $2

Elwin Mandowa, , , , , , , ,
– – A 30-year-old man has beaten his girlfriend to death following a misunderstanding over $2.6 (GHc15). Police in a town of Tafo Pankrono in Ghana’s Ashanti region told a court that the suspect Ebenezer Korang gave $32 (GHC 185) to his girlfriend, Abigail Adoma, for safekeeping. When Korang asked the deceased to return the money at a meeting point… Read More
Africa Liberia West Africa World 

Liberia: Man drowns trying to rescue $20 note in river

Elwin Mandowa, , , , , , , , , ,
Police in Liberia have said that a man drowned after he jumped into a river in the capital, Monrovia, to retrieve a $20 note he had dropped. Tamba Lamine according to eyewitnesses was walking with a friend on a bridge when the bank note fell. He reportedly jumped from the bridge into the river and successfully located the note which… Read More