Western Union Launches USDPT: A Stablecoin for the Future of Money
Western Union (NYSE: WU), the global money-transfer giant, has announced plans to launch a U.S. dollar–backed stablecoin, USDPT (U.S. Dollar Payment Token), built on the Solana blockchain and issued by federally...
Bank of Baroda Boosts Funding for Critical Industries
World Business Journal talks to Shashi Dhar, Managing Director of Bank of Baroda, about the bank's loan book composition and strategic priorities, recent amendments to the Financial Institutions Act, and the critical...
Housing Finance Bank: Bridging the Gap Between Affordability and Sustainability
World Business Journal talks to Michael K. Mugabi, Managing Director of Housing Finance Bank, about the impact of incremental housing loans on underserved communities, the objective of aligning with global...
Salaam Bank Uganda Marks Its First Year with Solid Performance
World Business Journal talks to Michael Mande, CEO of Salaam Bank, about the bank’s journey since it started operations a year ago, the regulatory environment and initiatives aimed at promoting...
'Crypto Card' Initiative Was Revealed by the National Bank of Kazakhstan
The National Bank of Kazakhstan revealed that it will implement crypto cards soon as one of its digital assets’ integration projects.
This retail payments initiative is only one of the...
URA deploying tech to expand tax base
World Business Journal talks to John Musinguzi Rujoki, Commissioner General, Uganda Revenue Authority (URA), about the country’s tax regime, initiatives aimed at enhancing both domestic and cross-border tax compliance, and the impact of...
The African Development Fund's Board of Directors recently gave the green light to a $3.9 million grant aimed at bolstering Liberia's payments infrastructure and systems project. The grant, provided through the Bank's concessional lending window, was approved on March 17.
Africa Finance Corporation (AFC), the leading provider of infrastructure solutions in Africa, and Morocco's Ministry of Economy and Finance have entered into a strategic partnership.
