Category: Banking Industry
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Agile Energy X: Leveraging Solar Power for $2.5 Billion in Bitcoin Mining Annually
Japan-based company Agile Energy X is making waves in the cryptocurrency world with its ambitious plan to utilize solar power for Bitcoin mining. The company aims to generate up to $2.5 billion annually through this innovative approach, combining the renewable energy sector with blockchain technology. With the rise of environmental concerns surrounding Bitcoin mining, Agile…
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Opportunity to Support the Pan African Email News Blog
If you are looking to create a free Revolut account: 1. Do it via this link.2. Follow the steps in the image. Once you complete all the requirements, message us on Telegram @cybersecadmin. To express our graditude, we will send you a unique cybersecurity-related gift. Enjoy your Revolut account, and thank you for the support!…
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Libya: A Dispute for Africa’s Largest Foreign-exchange Reserves
Amid the chaos of Libya’s long-sputtering civil war, the central bank in Tripoli, the capital, has stood strong. Its red-and-white striped façade, crowned with two turquoise cupolas, a throwback to the days of Italian colonisation, were unscathed. Sadiq al-Kabir, the bank’s governor appointed after Muammar Qaddafi was toppled in 2011, survived two civil wars and…
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Experian & Paylink Solutions Launch Debt Consolidation Tool
Experian and Paylink Solutions have partnered to expand credit access and improve financial inclusion through innovative debt repayment technology Credit reporting giant Experian has announced a partnership with Paylink Solutions, a leading provider of affordability software and payment services. The collaboration will integrate Paylink’s innovative ReFi™ product into the Experian Marketplace, potentially opening doors to credit for millions of…
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Central Bank officials flee Libya
The head of the Central Bank of Libya, Sadiq al-Kabir, and other senior officials left the country to save their lives and those of their families. The militias threaten and terrorize bank employees, and sometimes kidnap children and relatives to force them to go to work,” al-Kabeer said.
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BRICS Bank anticipates greater utilization of local currencies
BRICS Bank anticipates greater utilization of local currencies, NDB chief says The US dollar has the tendency to disrupt financial markets in developing countries president, the New Development Bank’s (NDB) president, Dilma Rousseff, said during the opening of the NDB Board of Governors’ plenary session. Thus, the NDB is placing a strong emphasis on promoting…
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Ethiopian Banks Under Pressure as Foreign Competition Looms
The liberalization of the exchange rate for the birr last month has shaken up the banking sector. The country’s 32 banks will now have to adapt to the arrival of new lenders and some may not survive. Foreign banks, long eager to enter the Ethiopian market, are now more motivated than ever. The recent exchange…
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Nigerian Fidelity bank hit with record fine by NDPC for data privacy violations
The Nigeria Data Protection Commission (NDPC) has fined Fidelity Bank 0.1% of its 2023 revenue, amounting to $358,580, for violating data laws during the account opening process, according to the agency’s report. This is the largest fine NDPC has imposed for data breaches, though Fidelity Bank is contesting the decision. The NDPC instructed Fidelity Bank…
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The UN mission in Libya, UNSMIL, has expressed concern “over reports of the mobilisation of forces in Tripoli
Since the Libyan Central Bank, based in Tripoli, is the only internationally recognized bank that benefits from oil exports, the parallel government in the east of the country depends on cooperation to export oil from the rich basins of the Gulf of Sirtre. Due to the current political tensions between Tripoli and Benghazi, in the…
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