A payments company backed by African political leaders has launched a blockchain-based marketplace for trading local currencies, in a bid to make it easier for companies to repatriate their profits ...

Editor’s Note: This article is part of a series by the Financial Times’ This Is Africa publication on realizing Africa’s agricultural potential, in partnership with the Rockefeller Foundation. The ...

What is a dollar shortage? Global trade is conducted in the currencies of the world’s major economic powers, principally the US dollar, the European Union’s euro, the Japanese yen and, to a lesser ...

South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange. With this latest round of funding, VALR’s ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Mara has raised $23 million in funding to build a pan-African ...

Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States dollar-based services in the continent’s import-dependent economies. This creates a ...

More than 2,000 participants from 68 countries are expected at the Creative Africa Exchange (CAX) Weekend which opens in Kigali on 16 January in what the organisers are describing as Africa’s first ...

A growing chorus of African bankers and regulators is urging governments to place a portion of their foreign exchange reserves with domestic institutions – arguing that the practice would deepen ...

Click to share on Twitter (Opens in new window) Click to share on LinkedIn (Opens in new window) Click to share on Facebook (Opens in new window) Click to share on Email (Opens in new window) Leaders ...

Investment firm TE Markets has launched what it says is the first digital exchange for native producers from Africa to list their produce, fix their competitive price and earn direct rewards for their ...

Global crypto exchange Bittrex led a $1.5 million seed round in South African trading platform VALR. Bittrex CEO Bill Shihara told CoinDesk the South African market has “tremendous untapped potential.