Tag: Money

  • Addressing the Menace of SIM Fraud in Africa: A Call to Action

    In recent years, Africa has witnessed a surge in mobile phone adoption, with millions of people across the continent embracing the convenience and connectivity offered by modern telecommunications. However, amidst this digital revolution, a sinister threat looms large: SIM fraud. This insidious form of cybercrime has become increasingly prevalent, posing significant challenges to individuals, businesses,…

  • Facial Recognition as a Service: A Game-Changer for KYC in Africa’s Mobile Money Revolution

    How Facial Recognition Can Transform Mobile Operators’ KYC Challenges In the bustling landscapes of Africa’s mobile telecommunications industry, a revolution is underway. Mobile operators are venturing into the realm of mobile money, aiming to provide financial services to millions of unbanked and underbanked individuals across the continent. While this endeavor holds great promise, it is…

  • The big banks join the profit bonanza

    In the continuing saga of big companies making excessive profits for doing nothing except increasing prices at a rate far beyond their cost base the the banks now join the party …. This latest interest rate increase comes after the big four UK banks – Lloyds, Barclays, Natwest and HSBC – announced staggering collective profits…

  • It’s time for a new look at energy in the UK.

    We’ve all seen that Centrica made a fortune over the last six months, who knows where that proffit really came from although the shareholder report gives a good idea and indicates some substantial foreign earnings BUT, British Gas part of Centrica and it’s UK subsidiary that supplies many of us also made just short of…

  • Promoting South Africa tourism

    Recently SA tourism have agreed to sponsor Tottenham Hotspur with R1bn to promote tourism to SA there was widespread outcry and now it appears to be dead in the water, here’s The Daily Maverick’s take on it, I couldn’t have put it better….. Last week, Daily Maverick’s Rebecca Davis exposed how the South African Department…

  • Mobile Phone Revolution: Unleashing the Potential of Mobile Phone Usage in the African Continent

    In rcent years, the African continent has witnessed a remarkable transformation in mobile phone usage, revolutionizing various sectors and empowering individuals. With a significant increase in mobile phone penetration rates, Africa has emerged as a hub of innovation and opportunity. This blog post explores the impact of mobile phone usage in Africa, highlighting its role…

  • Promoting Financial Inclusion in Sub-Saharan Africa: Closing the Gap for Economic Empowerment

    Financial inclusion is a crucial driver of economic development and poverty reduction. In Sub-Saharan Africa, where a significant portion of the population remains unbanked or underserved by formal financial services, efforts to promote financial inclusion have gained momentum. This post explores the importance of financial inclusion in Sub-Saharan Africa, identifies key challenges, and highlights strategies…

  • The Magic of Money Creation: How Banks Create Money Out of Thin Air

    The process of money creation is often shrouded in mystery and misunderstood by the general public. Contrary to popular belief, banks do have the unique ability to create money “out of thin air.” lets try and demystify this concept and shed light on how banks create new money through the process of lending and fractional…

  • The Future of the U.S. Dollar as the World’s Reserve Currency: Navigating Uncertain Waters

    For decades, the U.S. dollar has reigned supreme as the world’s primary reserve currency, underpinning global trade and finance. However, in recent years, there has been growing speculation about the sustainability of the dollar’s status in a rapidly changing international landscape. As economic, geopolitical, and technological forces converge, the future of the U.S. dollar as…