Cross-border payments across Africa continue to face high fees and delays, largely due to their reliance on foreign banking systems. This is according to payments company Onafriq, which states that this inefficiency costs the continent billions each year.

In response, Onafriq has partnered with US-based stablecoin issuer, Circle to pilot blockchain-based solutions.

Channel Africa's Lebogang Mabange unpacks what the partnership involves, and what it could mean for Africa's evolving financial systems.

Cross-border payments across Africa continue to face high fees and delays, largely due to their reliance on foreign banking systems. This is according to payments company Onafriq, which states that this inefficiency costs the continent billions each year.
In response, Onafriq has partnered with US-based stablecoin issuer, Circle to pilot blockchain-based solutions.
Channel Africa's Lebogang Mabange unpacks what the partnership involves, and what it could mean for Africa's evolving financial systems.

An English news and current affairs wrap with a fresh take on the day’s top stories, hosted by the seasoned journalist Tsepiso Makwetla.

An English news and current affairs wrap with a fresh take on the day&rsquo;s top stories, hosted by the seasoned journalist Tsepiso Makwetla.

Africa Hour

Africa World Hour 

Onafriq, Circle partner to tackle costly cross-border payments in Africa with blockchain

South African civil organisation, Tax Justice SA has characterised the closure of the British American Tobacco South Africa's sole remaining manufacturing plant as "damning proof" of the state's failure to combat organised crime. This comes just days after the company confirmed that it was shutting down its Heidelberg plant in the Gauteng province, blaming the rapid growth of illegal cigarettes sales in the country. The company says nearly three-quarters of all cigarettes sold in the country are now illegal, making local production too costly to continue. For more on this, Thabiso Lehoko spoke to founder of Tax Justice SA, Yusuf Abramjee

South African civil organisation, Tax Justice SA has characterised the closure of the British American Tobacco South Africa's sole remaining manufacturing plant as "damning proof" of the state's failure to combat organised crime. This comes just days after the company confirmed that it was shutting down its Heidelberg plant in the Gauteng province, blaming the rapid growth of illegal cigarettes sales in the country. The company says nearly three-quarters of all cigarettes sold in the country are now illegal, making local production too costly to continue. For more on this, Thabiso Lehoko spoke to founder of Tax Justice SA, Yusuf Abramjee

SA civil organisation up in arms over closure of lone British American Tobacco plant 

Today, we are turning our focus to a groundbreaking cultural bridge being built between South Africa and Central America. This amazing initiative is the brain child of the Muholi Art Institute, which was founded by the world-renowned visual activist, Prof. Zanele Muholi. The Institute officially launched its first international Artist-in-Residence programme in Panama, a dynamic collaboration with the Casa Santa Ana Foundation. According to the establishment, the initiative more than just an art exhibition; it is a 'Mobile AiR' initiative that fuses South African rhythms, operatic traditions, and visual activism with Panamanian narratives. Over the next two weeks, a collective of South African dancers, opera singers, and photographers, including figures like choreographer, Lusanda Dayimani and opera singer Phumla , will be conducting intensive workshops and 'PhotoXP' training sessions in Panama City. For more on this, Thabiso Lehoko spoke to world-renowned visual activist, Prof Zanele Muholi

Today, we are turning our focus to a groundbreaking cultural bridge being built between South Africa and Central America. This amazing initiative is the brain child of the Muholi Art Institute, which was founded by the world-renowned visual activist, Prof. Zanele Muholi. The Institute officially launched its first international Artist-in-Residence programme in Panama, a dynamic collaboration with the Casa Santa Ana Foundation. According to the establishment, the initiative more than just an art exhibition; it is a 'Mobile AiR' initiative that fuses South African rhythms, operatic traditions, and visual activism with Panamanian narratives. Over the next two weeks, a collective of South African dancers, opera singers, and photographers, including figures like choreographer, Lusanda Dayimani and opera singer Phumla , will be conducting intensive workshops and 'PhotoXP' training sessions in Panama City. For more on this, Thabiso Lehoko spoke to world-renowned visual activist, Prof Zanele Muholi

SA visual activist, Prof Zanele Muholi leads artist residency in Panama, Central America

Ugandan President Yoweri Museveni held a commanding lead in early election results announced on Friday, despite conflicting accounts of violence after the vote. The 81-year-old former rebel leader has ruled Uganda since seizing power in 1986. His main challenger, popular singer Bobi Wine, has alleged mass fraud during the election, which was held under an internet blackout that authorities said was needed to prevent what it called misinformation. Wine has also called on his supporters to protest. The elections come at a time when the United Nations cautioned Museveni's administration from what it has called widespread repression and intimidation. For a look at what the Ugandan elections reflect about the electoral processes among African nations, Thabiso Lehoko spoke to Terry Tselane, Executive Chairman of the Institute of Election Management Services in Africa (IEMSA) and former Vice-Chairperson of the South African Independent Electoral Commission...

Ugandan President Yoweri Museveni held a commanding lead in early election results announced on Friday, despite conflicting accounts of violence after the vote. The 81-year-old former rebel leader has ruled Uganda since seizing power in 1986. His main challenger, popular singer Bobi Wine, has alleged mass fraud during the election, which was held under an internet blackout that authorities said was needed to prevent what it called misinformation. Wine has also called on his supporters to protest. The elections come at a time when the United Nations cautioned Museveni's administration from what it has called widespread repression and intimidation. For a look at what the Ugandan elections reflect about the electoral processes among African nations, Thabiso Lehoko spoke to Terry Tselane, Executive Chairman of the Institute of Election Management Services in Africa (IEMSA) and former Vice-Chairperson of the South African Independent Electoral Commission...

Onafriq, Circle partner to tackle costly cross-border payments in Africa with blockchain

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