Standard Bank’s hyperledger fabric-hosted foreign exchange payments and settlement system is expected to go live in the first half of 2019, aiming to significantly increase the international trades and speed up foreign exchange payments, according to Richard de Roos, head of foreign exchange for Standard Bank Group
Finance
German delegation visits Namibia, focus on major sectors

Community Forest Nacumcara, new Workshop Office Building. (Image source: The Embassy of the Federal Republic of Germany)
Five members of the Budgetary Committee of the German Federal Parliament visited Namibia from 24-26 February 2019, focusing on forest protection, sustainable forest management, bioeconomy and private sector entrepreneurship
Al Rajhi Bank selects Temenos to bolster lending system

The bank has opted for a complete renovation using Temenos T24 Transact as well as a host of additional digital solutions including Temenos Infinity and Temenos Loan Origination product. (Image source: Temenos)
Al Rajhi Bank, one of the leading banks in Saudi Arabia, has selected Temenos to power its digital transformation journey and enhance its Islamic lending and financing product capabilities
‘AfDB initiates transformative projects for Africa’s development’
Governors representing the African Development Bank (AfDB) West Africa region held consultative meetings with Akinwumi Adesina, President of AfDB, and senior management, to discuss the bank’s accelerated engagement in the region
Standard Chartered launches digitally-led retail banks in Africa
The Bank’s digital services are available by downloading the Standard Chartered mobile application via the Google play store or Apple store. (Image source: Africa Studio/Adobe Stock)
Standard Chartered has announced the launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s rollout scheduled to occur very soon