Author: Elan
Malawians and visitors alike are facing a dramatic new crackdown on cash, after the Reserve Bank of Malawi (RBM) slapped sweeping restrictions on the physical possession and movement of foreign currency — with anyone caught holding more than $1,000 without central bank permission now at risk. Under the astonishing new rules, anyone physically carrying more than US$1,000 — roughly K1.75 million — or its equivalent in another foreign currency, must first secure the blessing of the central bank, or risk falling foul of the law. The eyebrow-raising restrictions are laid out in the Foreign Exchange (Limit on Physical Possession of…
Crypto lender Arch Lending plans to expand into loans backed by tokenized equities as the market for onchain stocks expands and lenders begin exploring new uses for the assets as collateral.Arch co-founder and chief revenue officer Himanshu Sahay told Cointelegraph’s Chain Reaction podcast that the lender plans to enter the market “pretty soon,” pointing to a need for credit against tokenized stocks.Sahay said tokenized equities have grown rapidly over the past year, but lending against the assets remains limited, and predicted that more lenders will enter the market.He pointed to tokenized equities issued by firms including Superstate, Robinhood and Securitize, predicting…
Saving money in Nigeria has become easier, but turning those savings into wealth remains harder. Rank, a Nigerian integrated financial services and wealth management platform, wants to close that gap by pooling people’s savings so they can access investments and financial services that may be out of reach individually. Its model is simple: combine small savings into larger pools of capital that can invest in assets and opportunities typically available to wealthier investors. The pitch comes as formal saving grows in Nigeria, with 38% of adults—69% of those with a transactional account—saving formally, according to Enhancing Financial Innovation & Access…
Add Android Authority on Google: TL;DR Anthropic’s new Claude Opus 5.5 promises improved performance, accuracy, communication, and stronger safety safeguards. The model generates responses over 30% faster and costs roughly 40% less to run than Opus 5. Anthropic is increasing usage limits for Pro, Max, Team, and Enterprise subscribers. When it comes to AI, performance, accuracy, and pricing are the biggest considerations for power users. With Claude Opus 5, Anthropic achieved impressive results on the performance and accuracy fronts, but access to the model came at a premium. With the company’s latest model released today, that’s less of a concern.Anthropic…
Making up US ambassador Leo Brent Bozell III says if former South African President Thabo Mbeki were involved in talks with the US, the recently escalated impasse between the two countries would already have been resolved. His statement isn’t likely to ease tensions. By Carien du Plessis in Johannesburg Former South African president Thabo Mbeki gestures during a special ceremonial sitting of the Constitutional Court, August 2024. © Alet Pretorius/Reuters Published on September 22, 2026 at 16:20 pm (GMT +1) Former South African president Thabo Mbeki was praised this week by US ambassador Brent Bozell as an example of a political…
Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…
Abby BakareAfter more than a decade in medical aesthetics and more than 10,000 aesthetic procedures, Nigerian skincare expert Abby Bakare identified a problem beyond the treatment room: helping clients achieve results was only half the battle. The bigger challenge was helping them maintain those results at home.For years, Abby Bakare had watched people walk into her Abuja clinic with concerns ranging from acne and hyperpigmentation to premature ageing, uneven texture and other skin conditions. She had built her expertise around helping them address those concerns, using medical aesthetics and increasingly sophisticated treatment options.But there was a recurring problem.A patient could…
Alamein Africa Forum to bring together key political and business leaders – African Business Alamein Africa Forum to bring together key political and business leaders – African Business
After a decade focused on expanding women’s access to technology, She Code Africa is placing greater emphasis on what happens after women enter the industry: whether they can progress into leadership, build companies and products, access capital and participate in decisions shaping the continent’s digital economy. That shift dominated conversations at the She Code Africa Summit 2026 in Lagos, where the Pan-African nonprofit marked its 10th anniversary with discussions around women’s progression in technology, visibility, funding and ownership of Africa’s digital infrastructure. For founder and Executive Director Ada Nduka Oyom, the change reflects lessons the organisation has learnt since it…
Before now, the worst penalty a social media platform could hand down to a defaulting user was a permanent ban. Losing an account was simply factored in as the cost of doing business for those gaming the algorithm. That era just ended violently in the UK High Court. X is no longer satisfied with merely banishing fraudsters from its platform. It wants its money back, and it is willing to deploy its legal arsenal to get it. In a landmark civil suit filed at the Business and Property Courts of England and Wales, X Corp has aimed at crypto influencers…