News & Events

Yellow Card achieved a historic feat in the African crypto landscape by becoming the first Fintech on the continent to introduce PayPal USD (PYUSD). This groundbreaking stablecoin, issued by Paxos, is poised to revolutionize digital financial transactions between Africa and the United States. The move aligns with the surging crypto adoption in Africa, experiencing a remarkable 1200% growth from 2020 to 2021, reaching $106 billion. Yellow Card is an emerging fastest-growing cryptocurrency company in Africa with a presence in 20 countries and remains a driving force in fostering rapid crypto growth across the continent.

Read the original article here: https://www.africa-newsroom.com/press/yellow-card-is-the-first-fintech-in-africa-to-launch-paypal-usd-pyusd?lang=en

Britain’s King Charles commemorates his 75th birthday by inaugurating the Coronation Food Project, aimed at addressing food poverty and minimising waste. Joined by Queen Camilla, the royal couple plans to mark the occasion by touring a surplus food distribution centre and engaging with leading UK supermarkets to explore avenues for redistributing surplus food. In addition to hosting a reception to honour nurses and midwives, Charles extends the celebration by acknowledging individuals and organizations sharing his milestone age. This initiative aligns with his commitment to social causes and emphasizes the importance of collaborative efforts in combating food poverty and promoting sustainability.

Read the original article here: https://www.nationalheraldindia.com/world/king-charles-launches-new-food-scheme-on-75th-birthday

The African Export-Import Bank (Afreximbank) is actively working towards establishing a $1-billion African Film Fund, scheduled for launch in 2024. Kanayo Awani, Executive Vice President at Afreximbank, made this announcement during the 2023 CANEX Summit in Cairo, held as part of the third Intra-African Trade Fair (IATF2023). The fund aims to support the African film industry by overseeing film financing, co-financing with large studios, and providing financial assistance to filmmakers, producers, and directors across the continent. Mrs. Awani highlighted that the Bank had increased its financing commitment to the creative sector from US$500 million to US$1 billion during CANEX WKND 2022, with a current pipeline of over US$600 million in various creative industries.

Read the original article here: https://www.africa-newsroom.com/press/afreximbank-announces-1billion-african-film-fund?lang=en