Two Estonian founders of Wise are now billionaires estonianworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from estonianworld.com Daily Mail and Mail on Sunday newspapers.
Yatani picks team to lead Nairobi financial hub by ALLAN KISIA
It will provide policy direction on the execution of the Capital Markets plan
Kenya is moving closer to establishing its international financial centre with the National Treasury appointing a capital markets task force.
Although the country set up Nairobi International Financial Centre amid opposition from civil societies in 2017, the implementation has been slow.
On Friday, Treasury CS Ukur Yatani appointed a steering committee to be known as the Capital Markets Master Plan Implementation Steering Committee (CMMISC) .
The committee will take overall responsibility for oversight in the implementation of the Kenya Capital Markets Master Plan and facilitating its alignment with the establishment of Kenya as the heart of Capital Markets financing and investment in Africa and Nairobi as an International Financial Centre.
Estonian-founded British company Wise to go public in direct London listing estonianworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from estonianworld.com Daily Mail and Mail on Sunday newspapers.
Supervision seen as key to fintech future-Efficient and effective supervision can help sustain China's lead in the thriving global fintech industry, said experts at the five-day Pujiang Innovation Forum that began in Shanghai this week.
By Will McCurdy
19/05/2021
Some experts believe a fundamentally different approach to the pound sterling could help the UK stay internationally competitive. Will McCurdy explores the potential effect of a central bank digital currency (CBDC) on the UK financial services industry, if it could help the City of London stay competitive, and what challenges its introduction might hold.
In 2020, though almost everyone could tell you what a Bitcoin is, and in some circles almost anyone could tell you what a blockchain is, far less could tell you what a central bank digital currency (CBDC) is.
What is a CBDC? Though anyone can hold cash, only banks can hold digital pound sterling. A digital pound would allow citizens and businesses to transfer money to each other without the use of a third-party bank as an intermediary. Which might be a worrying proposition for the UK, a country where the financial services sector is worth £132 billion – the ninth largest in the developed world as a