During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the
AfricaPLC | News Contributor
Artis Finance takes aim at trade finance gap as traditional banks retreat
Waldo de Vleeschauwer, co-founder and former managing director of Africa Merchant Capital’s trade finance business, has launched Artis Finance, a London-headquartered alternative finance provider. Artis is founded against a backdrop of growing market and regulatory pressure on traditional bank lenders, which de Vleeschauwer says has made it more difficult for
Bolero brings electronic bill of lading to dltledgers platform
Bolero International, a provider of trade finance digitisation solutions, has entered into a partnership with blockchain platform dltledgers, adding its electronic bill of lading (eBL) solution to dltledgers’ offering. Built on Hyperledger Fabric, the Singapore-based dltledgers platform focuses on cross-border commodity trade and trade finance. It enables trading companies to
Private healthcare providers of India, Africa plan mega collaboration
A MoU between the Healthcare Federation of India (NATHEALTH) and Africa Healthcare Federation (AHF) was signed today to increase investment and business in healthcare between India and Africa. Umbrella organisations drawing membership from the private healthcare sector of India and African Union will collaborate to enhance medical value travel, skill
UK to enter trade agreements with 14 African countries
The United Kingdom’s (UK) Department for International Trade says new trade agreements will come into force in January for the UK with 14 African partners with the prospect of more countries to follow. This is according to a statement issued by the department’s Nigerian office on Saturday. It added that
Cocoa processor in Cameroon eyes export market with establishment of US$73.8m processing plant
CAMEROON – Atlantic Cocoa Corporation, an Ivorian cocoa processor with operations in Cameroon is set to commence operations at its newly built processing plant worth XAF40 billion (US$73.8m). According to reports by Business Cameroon, the new factory has a production capacity of 48,000 tons expandable to 64,000 tons and is scheduled to
Beyond digital gold: unlocking the true value of bitcoin
Digital gold has gone mainstream. JP Morgan, BlackRock and the biggest names in global finance are now echoing the cypherpunks and suggesting that Bitcoin could replace the yellow metal as a safe haven in investment portfolios. But while Bitcoin does share characteristics with gold, a big reason why the digital
