Daily Monitor
Thursday February 11 2021
Summary
Uganda could have done better and this is something that the banking industry regulator does not shy away from.
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Uganda has retained the 10th position in the Absa Africa Financial Markets Index (AFMI) involving 23 African countries.
The Absa Africa Financial Markets Index, is a toolkit for African countries seeking to strengthen their financial markets.
Speaking during the launch of AFMI report earlier in the week, Bank of Uganda Deputy Governor, Dr Michael Atingi-Ego noted that Uganda’s overall ranking of 10th from 2017 to date could be regarded by pessimists as stagnation, but for an optimist like himself, “it speaks to stability and resilience.”
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Innovation and Digital Transformation in the Financial Sector in Malawi
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Photo: Arne Hoel/World Bank The Malawi Financial Sector Technical Assistance Project unlocked opportunities for inclusive growth for banks, micro-finance institutions, and savings and credit cooperatives by transforming the digital space. As a result, access to finance in the country increased. The proportion of women within the adult population that was formally banked, for example, increased from 17 percent in 2011 to 38.5 percent in 2018.
Challenge
The Financial Sector Technical Assistance Project (FSTAP) was conceived in 2011 when the financial sector’s contribution towards growth and poverty reduction in Malawi was limited. Much more was needed to expand and improve financial access. At that time, out of the 19 percent of the adult population, only 17 percent were banked. The business environment was equally challenging. While the country had achieved notable reforms in
Aurachain is the new technology partner for the Bucharest Stock Exchange (BVB) and the Central Securities Depository. Two innovative solutions developed using the low-code Aurachain platform will be implemented to accelerate and optimize the shareholder voting process at exchange listed companies using blockchain technology, and to facilitate access to the capital market by digitizing investor enrollment.
BVB and Central Securities Depository have chosen the solutions developed on the Aurachain platform for the digitization of the Romanian capital market. It is a large partnership of Bucharest Stock Exchange with a technology company, which aims to develop and modernize the capital market by implementing two innovative technological solutions to streamline and automate the processes.
BVB and the Central Securities Depository are accelerating the Digital Transformation with the help of the Aurachain Platform
Mihai Cristea 23/12/2020 | 15:31
platform will be implemented to accelerate and optimize the shareholder voting process at exchange listed companies using blockchain technology, and to facilitate access to the capital market by digitizing investor enrollment.
BVB and Central Securities Depository have chosen the solutions developed on the Aurachain platform for the digitization of the Romanian capital market. It is a large partnership of Bucharest Stock Exchange with a technology company, which aims to develop and modernize the capital market by implementing two innovative technological solutions to streamline and automate the processes.