Inovate Omnicient Award

Omniscient Wins Prestigious Financial Inclusion Award

Omniscient, a prominent South African fintech company, recently received the Finovate 2024 Excellence in Financial Inclusion Award, recognizing its innovation in delivering financial services to underserved communities. This achievement highlights the growing importance of fintech in bridging the financial divide globally, particularly in developing markets like Kenya. Kenya too has made remarkable progress in financial…

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Mbridge Cbdc

Project mBridge Reaches Milestone, Unveils Global CBDC Platform and Seeks International Collaboration

Article Highlights: Born from the vision of central banks in Thailand, Hong Kong, China, and the United Arab Emirates, mBridge operates under the Hong Kong BIS Innovation Hub. It’s not a solo act. The project boasts an impressive roster of participants: Africa’s getting in on the action too. The Bank of Namibia, South African Reserve…

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Nse

Nairobi Securities Exchange Embraces the Future with Digital Asset ETPs Launch

The Nairobi Securities Exchange (NSE) is gearing up for a significant transformation. In a move reflecting the global shift towards digital finance, the NSE plans to introduce Digital Asset Exchange-Traded Products (ETPs) to its trading platform. This innovation promises to open up new investment avenues, offering both seasoned and novice investors the opportunity to diversify…

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Tether Coin

Tether Reports Record-Breaking Profits of $5.2 Billion Profit in First Half of 2024

Tether, the leading stablecoin issuer, has announced a groundbreaking profit of $5.2 billion in the first half of 2024. This milestone highlights Tether’s robust financial strategy and its expanding role in global markets. Key Financial HighlightsIn the second quarter alone, Tether’s net operating profit surged to $1.3 billion, a significant increase from the $1 billion…

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Real Estate Tokenization Kenya

Kenya’s Real Estate on Blockchain: OwnMali Joins CMA Kenya Regulatory Sandbox

The Capital Markets Authority of Kenya (CMA Kenya) has recently welcomed Infiniti n Beyond Limited into its Regulatory Sandbox to trial OwnMali, a pioneering blockchain-powered real estate tokenization platform. This move marks a significant step in integrating blockchain technology into the Kenyan real estate sector. What is OwnMali? OwnMali aims to democratize property ownership by…

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