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Yellow Card and Tether Join Forces to Drive Stablecoin Education and Adoption Among the African Youth

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3 years ago

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Yellow Card

Activities included Financial Literacy Tours in universities and a canvassing campaign which involved Yellow Cards Brand Ambassadors engaging with individuals across major cities

JOHANNESBURG, South Africa, June 1, 2023/APO Group/ — 

Yellow Card (https://YellowCard.io/), a leading pan-African fintech and cryptocurrency exchange, and Tether, the world’s largest stablecoin provider, are pleased to announce the successful completion of Phase 1 of their strategic collaboration across three key African markets. The two-month collaboration focused on raising awareness, providing education and driving adoption of USD₮, Tether’s stablecoin, among students and young professionals in Nigeria, Kenya and Ghana.

Activities included Financial Literacy Tours in universities and a canvassing campaign which involved Yellow Cards Brand Ambassadors engaging with individuals across major cities in the three countries.

Over 10,000 young people were reached – including students drawn from the six universities where the Financial Literacy Tour events were held among them University of Nairobi in Kenya, University of Benin in Nigeria and Kwame Nkrumah University of Science and Technology in Ghana. Those who attended the events received insights into the mechanics of stablecoins, gained a deeper understanding of the blockchain technology and also learned about the importance of responsible financial decision-making. In addition, they each received their first USD₮ (https://usdt.YellowCard.io/) on the Yellow Card platform.

We recognize Africa as a pivotal player in the cryptocurrency and stablecoin market

“Our collaboration with Tether has provided us with a remarkable opportunity to witness the profound impact that financial education has on the youth. This collaboration aligns seamlessly with our overarching mission to promote financial freedom for all, which encompasses our other initiatives like the Financial Literacy Tour (https://apo-opa.info/43nIgDq) and the YC Academy. As crypto adoption grows in Africa so does the need for financial education,” said Peter Mureu, Director of Marketing at Yellow Card.

Between 2021 and 2022, cryptocurrency adoption in Africa surged by 1200% (https://apo-opa.info/43txWcI), necessitating a rapid increase in education. Despite the potential for cryptocurrencies to play a vital role in the future, there remains considerable hesitancy among companies and individuals to embrace this emerging currency. This reluctance can be attributed to a widespread lack of awareness and understanding of cryptocurrencies and blockchain technology. The Yellow Card and Tether collaboration aims to play a pivotal role in bridging this knowledge gap.

Stablecoins, such as USD₮, address unique challenges in Africa by offering practical solutions. Given the substantial remittances African countries receive from the diaspora populations working abroad, Tether provides a convenient and cost-effective method for cross-border payments, reducing reliance on traditional channels with high fees and delays. Moreover, USD₮ empowers gig economy workers to receive fast and secure payments instantly across borders, bypassing intermediaries like banks or payment processors.

“We recognize Africa as a pivotal player in the cryptocurrency and stablecoin market,” said Paolo Ardoino, CTO of Tether. “The continent has demonstrated remarkable potential for growth and innovation in the digital currency space. Africa’s increasing cryptocurrency adoption and the demand for stablecoins highlight the need for accessible and efficient financial solutions. Tether is committed to addressing the unique challenges faced by African communities through our collaboration with Yellow Card. Our stablecoin, USD₮, provides practical solutions for cross-border payments and empowers individuals, including gig economy workers, to receive fast and secure transactions, bypassing traditional intermediaries.”

Distributed by APO Group on behalf of Yellow Card Financial.

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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Export-Import Bank of Pakistan (EXIM Bank of Pakistan) Sign Reinsurance Agreement to Strengthen Pakistan’s Export Sector

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12 minutes ago

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September 1, 2026

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ICIEC

Through the agreement, ICIEC will provide reinsurance support for eligible export transactions, helping enhance risk-sharing capacity, facilitate access to credit, and enable Pakistani businesses, including SMEs, to pursue opportunities in regional and international markets with greater confidence

 




 

ISLAMABAD, Pakistan, August 31, 2026/APO Group/ –The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, has signed a Reinsurance Agreement with the Export-Import Bank of Pakistan (EXIM Bank of Pakistan), marking another milestone in the partnership between the two institutions.

This agreement marks an important step in strengthening Pakistan’s export ecosystem

Signed during ICIEC’s mission to Pakistan, the agreement will strengthen Pakistan EXIM’s risk-mitigation capacity and expand its ability to support Pakistani exporters through export credit insurance solutions.

Through the agreement, ICIEC will provide reinsurance support for eligible export transactions, helping enhance risk-sharing capacity, facilitate access to credit, and enable Pakistani businesses, including SMEs, to pursue opportunities in regional and international markets with greater confidence.

Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said: “This agreement marks an important step in strengthening Pakistan’s export ecosystem. By combining ICIEC’s reinsurance capacity with EXIM Bank of Pakistan’s local expertise, we can expand the protection available to exporters, enhance their access to finance, and help Pakistani businesses, particularly SMEs, compete more confidently in regional and global markets. It also reflects our commitment to working with national export credit institutions to unlock new trade opportunities and support sustainable economic growth across our Member States.”

The agreement further reinforces the long-standing cooperation between ICIEC and Pakistan and reflects the shared commitment of both institutions to expanding the availability of effective risk-mitigation solutions for the country’s exporters. ICIEC looks forward to building on this partnership with EXIM Bank of Pakistan and supporting the continued development of Pakistan’s export sector.

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

 

 




 

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Afreximbank strengthens regional leadership with new appointments across Africa and the Caribbean

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14 minutes ago

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September 1, 2026

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These appointments are integral to Afreximbank’s growth ambitions and its efforts to accelerate intra-African trade, industrialisation and regional integration

CAIRO, Egypt, August 31, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced senior leadership appointments and confirmations to strengthen regional operations, deepen client engagement, and enhance delivery of the Bank’s mandate across Africa and the Caribbean.
 




 

These appointments are integral to Afreximbank’s growth ambitions and its efforts to accelerate intra-African trade, industrialisation and regional integration. By strengthening leadership across its regional platforms, the Bank is positioning itself to expand market coverage, improve transaction execution and deepen engagement with clients and stakeholders across Africa and the Caribbean.

Mr. Eric Intong Monchu has been appointed as Group Managing Director, Client Relations and Regional Operations, based in Cairo, Egypt, after serving in the role in an acting capacity. In this position, he will lead the Bank’s client relations and regional operations functions, strengthening coordination between business development, client coverage, and transaction execution.

Mr. Kudakwashe Matereke has been appointed Director, Regional Operations, Anglophone West Africa, based in Abuja, Nigeria. Prior to this appointment, he served as the Director, Regional Operations, East Africa. Mr Matereke brings extensive experience in trade finance, business development, and client relationship management, and will lead regional business development, client coverage, and stakeholder engagement.

Each appointee brings valuable experience and deep knowledge of African and Caribbean markets

Mr. Humphrey Nwugo has been appointed Director, Regional Operations, Eastern Africa, based in Kampala, Uganda, following a similar regional operations role in Southern Africa. He brings extensive experience in banking operations, syndications, corporate finance, and regional execution, and will oversee the Bank’s regional operations, market coverage, and client engagement in Eastern Africa.

Mr. Peter Adeshola Olowononi has been appointed Director, Regional Operations, Southern Africa, based in Harare, Zimbabwe. Prior to his appointment, he served as Director, Client Relations, Anglophone West Africa. Mr. Olowononi brings extensive experience in client coverage, transaction origination, and regional business development, and will lead the Bank’s operations and strategic engagement across Southern Africa.

Mr. Roy Reid has been appointed Chief Operating Officer, Caribbean Office, in Bridgetown, Barbados, effective 15 July 2026. Prior to his appointment, he served as Senior Advisor at the Office of the Prime Minister of Jamaica. Mr Reid brings more than 20 years of experience across government advisory, financial services, investment management, fintech, and business development, and will support the Bank’s operations, regional coordination, and stakeholder engagement across the Caribbean.

Collectively, the appointments strengthen the links between client coverage, regional operations and transaction execution. With most of the appointees progressing from within the Bank, they bring strong institutional knowledge, established client relationships and a clear understanding of Afreximbank’s strategic priorities. This continuity will support faster execution, greater responsiveness to market needs, and delivery of the Bank’s growth, trade, and development targets across Africa and the Caribbean.

Speaking on the appointments, Dr George Elombi, President and Chairman of the Board of Directors at Afreximbank, stated: “These appointments highlight the depth of leadership and professional talent within Afreximbank, as well as our commitment to placing experienced executives at the centre of executing the Bank’s development mandate: a mandate to change the structure of African trade. Each appointee brings valuable experience and deep knowledge of African and Caribbean markets. Above all, each shares a strong belief in the Bank’s founding philosophy that Africa’s development destiny lies with Africans and that our collective mission is to restore the dignity of the African.”

The Board of Directors, management and staff of Afreximbank extend their congratulations to Mr Intong Monchu, Mr. Matereke, Mr. Nwugo, Mr. Olowononi and Mr. Reid on their appointments and wish them success in their respective roles.

Distributed by APO Group on behalf of Afreximbank.

 




 

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Airshow China kicks off its 100-day countdown to the 30th Anniversary

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18 minutes ago

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September 1, 2026

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Airshow

ZHUHAI, CHINA – Media OutReach Newswire – 31 August 2026 – The 100-day Countdown to the 16th China International Aviation & Aerospace Exhibition (Airshow China 2026) was launched on August 28 in Zhuhai, Guangdong. Scheduled for December 7-13 this year, Airshow China 2026 will mark for the official start of its 100-day countdown on August 29.

A commemorative logo marking the 30th anniversary of Airshow China was unveiled at the event. The logo features a three-dimensional, gold-toned “30” as its visual symbol, incorporating tech-inspired aviation and advanced manufacturing elements, complemented by gradient ribbons in blue, purple and magenta. Founded in 1996, Airshow China is celebrating its 30th anniversary this year.
“Over the past three decades,” said Li Xiaodong, Deputy Secretary-General of the People’s Government of Zhuhai Municipality and Deputy Secretary-General of the Zhuhai Executive Committee of Airshow China, in his remarks at the event, “Airshow China has grown increasingly international, professional and market-oriented, establishing itself as one of the world’s premier airshows. In 2026, Airshow China will continue to benchmark itself against world-class exhibitions and contribute to the development of aviation industry clusters.”
 




 

During the World Airshow Dialogue session, aviation industry representatives from home and abroad delved into topics on global industrial-chain coordination, green aviation, the low-altitude economy (also known as advanced air mobility), aircraft engines aftermarket services, and the development of the general aviation industry.

Representatives from peer event organizer International Aviation and Space Salon (MAKS) and major aviation players including Boeing delivered video remarks extending greetings and sharing insights. They voiced anticipation for returning to the upcoming Airshow China with state-of-the-art products and services to foster deeper-going industrial exchanges.

At the subsequent round-table dialogue session, Dai Haibin, spokesperson for AVIC General Aircraft Company, noted that Airshow China has served as an excellent platform for debuting key aircraft and other equipment, among them the AG600 “Kunlong” amphibious aircraft.

Xu Shixin, Chief Operating Officer of Embraer China, observed that the Chinese market boasts huge potential and a well-developed industrial system, unlocking broad opportunities for cooperation in areas such as green aviation and the low-altitude economy. Drawing on its accumulated technological expertise, Embraer stands ready for deeper collaboration on eVTOL (electric vertical takeoff and landing) aircraft development and the building of a low-altitude transportation ecosystem.

At the event, Zhuhai Airshow International Culture Communication Co., Ltd. inked IP merchandise cooperation agreements with Beijing Institute of Technology, Zhuhai; Alipay (Hangzhou) Digital Service Technology Co., Ltd, and Truly HONEST Investment Limited, among other partners. The cooperation covers product development integrating traditional culture with aerospace technology, AI-powered digital commemorative ticket stubs enabled by NFC technology, and derivative products based on sci-fi intellectual properties.

Over its 30-year history, Airshow China has undergone remarkable expansion: from less than 8,000 square meters at its debut in 1996 to 450,000 square meters at its latest edition. The number of participating countries and regions has jumped from 25 to 47, cementing Airshow China’s status as one of the world’s most influential aviation and aerospace exhibitions.
 




 

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