Connect with us
Anglostratits

Business

Cellulant and Money Q Collaborate to Make it Easier for Africans Living Abroad to Support their Families back Home

Published

on

Remittances

Mobile remittances present a unique opportunity for millions of people to access the formal financial system

NAIROBI, Kenya, February 2, 2023/APO Group/ — 

Cellulant (www.Cellulant.io), Africa’s Leading Payments Solutions Provider has partnered with Dubai-based fintech solutions company to enable expatriates to seamlessly pay for bills and recharge airtime for their beneficiaries across Africa. These customers will be able to make these payments through KrosPayz, Money Q’s Africa-wide digital payments platform that enables online payment for transactions and value-added services at the point of sale.

Remittances are the single largest source of foreign exchange for many developing economies, and they are stable and resilient in the face of economic downturns

Mobile remittances present a unique opportunity for millions of people to access the formal financial system, bringing financial services and prospects for revenue generation closer to their communities. According to estimates, Sub-Saharan African remittances increased by 16.4% in 2021 but only by 5.2% in 2022. The average cost of sending $200 over international borders remained high in the second quarter of 2022, at 6%. Mobile operators offer the best rates (3.5%), but less than 1% of transactions are made through digital channels. Remittance services are now much quicker and less expensive thanks to digital technologies.

The KrosPayz digital wallet, which is set to go live first in Malawi this April, will enable customers to pay for national and international utility bill payments, airtime recharge, execute their domestic fund transfers to individuals and companies, and also pay in the local markets for their purchases via QR code.

“Remittances are the single largest source of foreign exchange for many developing economies, and they are stable and resilient in the face of economic downturns. They have been described as developing countries’ most stable, abundant, and secure sources of foreign aid. This partnership reaffirms our commitment to enabling businesses, banks, and consumers to make fast and efficient payments across Africa. By leveraging Cellulant’s presence and partnerships on the continent, Money Q will be able to provide its services throughout Africa” stated Richard Gesimba, Cellulant’s Vice President of Global & Regional Merchants

Money Q’s goal is to ensure that no African should be deprived of using the digital channels on the continent. Commenting on the partnership, Mr Amit Shrimali, Money Q’s Founder and CEO stated “I am very excited with this partnership as it helps me to go a step closer to the vision of Money Q which is to make sure that none in the countries, we operate are deprived of using the digital medium to transact. The partnership between MoneyQ & Cellulant will indeed complement one another in growing the market share of both the companies in the African continent.”

Distributed by APO Group on behalf of Cellulant.

Business

Liquid C2 and CyberCoach partner to bring a safer digital environment to African businesses

Published

on

Liquid C2 and its Cloudmania channel ecosystem will distribute CyberCoach training across Africa, reaching enterprises, SMEs, public-sector institutions, and partners across the African footprint

JOHANNESBURG, South Africa, March 11, 2026/APO Group/ –Liquid C2, a business of Cassava Technologies, a global technology leader of African heritage, announces its partnership with CyberCoach, the only privacy-first AI and cyber security training and compliance platform. Through this partnership, Liquid C2 is further strengthening its cyber security portfolio with an AI-powered security awareness and training platform designed to help organisations reduce human risk.

Our approach complements Liquid C2’s focus on delivering innovative, dependable, and sustainable technology solutions that help businesses thrive responsibly

“The African digital transformation market is expected to reach 15.62% CAGR over 2026-2031 (http://apo-opa.co/4s07kwh). This statistic highlights the exponential growth the continent will see in the next few years; however, it also means that without the necessary cyber security guardrails in place, cyberattacks will grow unchecked. With a strategic partner like CyberCoach, LiquidC2 can help organisations roll out training programmes on interactive chatbot integrated platforms like Microsoft Teams, Slack or even web browsers of choice,” said Vinay Hiralall, Chief Commercial Officer at Liquid C2.

CyberCoach actively promotes a safe digital society by training and supporting all employees. Rather than “one-size-fits-all” content, these trainings are tailored learning paths based on an employee’s job function. Liquid C2 and its Cloudmania channel ecosystem will distribute CyberCoach training across Africa, reaching enterprises, SMEs, public-sector institutions, and partners across the African footprint.

“We are proud to collaborate with Liquid C2, whose scale, values, and commitment to digital empowerment in Africa align strongly with our mission to build a safer digital society through evidence-based learning of critical security and AI skills. Our approach complements Liquid C2’s focus on delivering innovative, dependable, and sustainable technology solutions that help businesses thrive responsibly,” says Maria Bique, CEO of CyberCoach.

According to the 2025 Interpol Africa report, 95% of respondents (http://apo-opa.co/40kXuZU) indicated that they lacked access to adequate training, resource constraints and specialised tools. The partnership between Liquid C2 and CyberCoach caters to the increasing need of African businesses to invest in training employees, thereby reducing the ‘human element’ risk in cyber security.

Distributed by APO Group on behalf of Liquid Intelligent Technologies.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Republic of Mauritania Sign US$ 1 Billion Framework Agreement to Strengthen Trade and Economic Development

Published

on

ITFC

Under the agreement, ITFC will mobilize financing and technical support for priority sectors of the Mauritanian economy, particularly energy, banking, and private sector development

JEDDAH, Saudi Arabia, March 10, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 1.0 billion Five-Year Framework Agreement with the Islamic Republic of Mauritania covering the 2026–2030 period to strengthen cooperation and support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.

 

The signing took place during the official visit of H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development and IsDB Governor, to the IsDB Group Headquarters in Jeddah. The agreement was signed at ITFC Headquarters by H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, in the presence of H.E. Mohamed Lemine Dhehby, Governor of the Central Bank of Mauritania and IsDB Alternate Governor for Mauritania, as well as representatives from ITFC and members of the Mauritanian delegation.

The Framework Agreement reflects the strong partnership between ITFC and the Islamic Republic of Mauritania establishing a strategic framework to support the country’s socio-economic development and expand its trade capacity over the next five years.

Under the agreement, ITFC will mobilize financing and technical support for priority sectors of the Mauritanian economy, particularly energy, banking, and private sector development. The partnership will facilitate financing for the import of energy commodities, provide trade finance facilities and Confirmation Lines for Letters of Credit to local banks, and support small and medium-sized enterprises (SMEs). It will also include technical assistance programs to enhance agricultural productivity and promote trade facilitation in strategic sectors of the economy.

Speaking during the occasion, H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development of Mauritania, highlighted that the agreement will help mobilize critical financial resources to support national development priorities and foster sustainable economic growth.

Eng. Adeeb Al Aama, CEO of ITFC, noted that the agreement demonstrates ITFC’s continued commitment to supporting its member countries through trade-driven development and will help strengthen key sectors of Mauritania’s economy while expanding opportunities for trade and investment.

Since its inception in 2008, Mauritania has been a longstanding partner of ITFC, with cumulative approvals exceeding US$1.2 billion supporting key sectors of the economy and contributing to enhance the country’s trade and development capacity.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Business

US Federal Court Dismisses All Claims Against Binance in Anti – Terrorism Lawsuit

Published

on

Binance

While the Court has allowed plaintiffs 60 days to file an amended complaint in light of a recent appellate decision, Binance is confident that no amended pleading will be able to cure the fundamental deficiencies the Court identified

JOHANNESBURG, South Africa, March 9, 2026/APO Group/ –Court rejects allegations that Binance (www.Binance.com) assisted, participated in, or conspired with terrorists. This represents a decisive legal dismissal of all claims

 

Binance, the world’s largest cryptocurrency exchange by registered users, announced today that a U.S. federal court in the Southern District of New York has dismissed all claims brought against the company under the Anti-Terrorism Act (ATA). The lawsuit involved 535 plaintiffs who alleged that Binance provided material support related to 64 terrorist attacks.

In a 62-page decision, the Court found that plaintiffs failed to establish any of their central allegations: that Binance assisted terrorists, that Binance associated itself with terrorist attacks, that Binance participated in or sought to advance those attacks, or that Binance engaged in any conspiracy with terrorist organizations.

“This dismissal is a complete vindication of all false allegations,” said Eleanor Hughes, Binance’s General Counsel. “The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists. We have always maintained that these claims were without merit, and today’s ruling confirms that. We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate.”

We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate

A Full and Complete Legal Victory

The Court’s decision to dismiss all claims — across every allegation, represents a decisive legal victory.

While the Court has allowed plaintiffs 60 days to file an amended complaint in light of a recent appellate decision, Binance is confident that no amended pleading will be able to cure the fundamental deficiencies the Court identified. The underlying claims have been thoroughly examined and rejected.

Commitment to Compliance and Legal Integrity

Binance has consistently invested in industry-leading compliance infrastructure, regulatory engagement, and legal governance. Today’s ruling affirms that Binance’s operations do not support, facilitate, or enable terrorism in any form.

The company will continue to engage constructively with regulators worldwide, operate within established legal frameworks, and pursue vigorous legal action where necessary to correct false and misleading narratives about its business.

Distributed by APO Group on behalf of Binance.

Continue Reading

Trending