Tag Archives: cash

Letter from Africa: Why people keep cash under the mattress in Sudan


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Reuters

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Anti-government demonstrations began in December over a rise in bread prices

In our series of letters from African journalists, Zeinab Mohammed Salih looks at what is behind the wave of protests in Sudan threatening President Omar al-Bashir’s three-decade-long grip on power.

Many in Sudan now prefer to keep their money under the mattress rather than in banks.

If people put their savings in the bank it can be hard to get out as cash machines are often empty.

Where cash is available, long queues have become the norm in the capital, Khartoum.

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Fears growing for Irishman who vanished after flying to South Africa with large amount of cash ‘to meet woman he ho…


FEARS are growing for a Irishman who vanished after flying to South Africa, apparently to meet a woman he hooked up with online.

Stanley Currie, from Cookstown in Co Tyrone, has not been seen or heard from since December 30.

Stanley Currie has not been seen or heard from since December 30

The 66-year-old’s family believe he may have travelled to Johannesburg with a large amount of cash, and that he had plans to meet a woman who he’s been speaking to over the internet for the past two years.

A South African non-profit crime-fighting group has been enlisted in the missing persons search and will speak with the country’s immigration service today in a bid to locate Stanley.

It is understood that relatives are concerned that he may have been tricked by a con artist, and are now worried about…

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FIFA bans African soccer official for taking Bin Hammam cash


FIFA ethics judges have imposed a four-year ban on African soccer official Seedy Kinteh for taking cash gifts from former FIFA presidential candidate Mohamed bin Hammam of Qatar.

FIFA says its ethics committee found Kinteh guilty on charges of bribery and corruption, and accepting gifts. He was fined 200,000 Swiss francs ($202,000).

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Isabel dos Santos rebuffs cash repatriation campaign


By ARNALDO VIEIRA
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Africa’s richest woman Isabel dos Santos has rebuffed the Angola government’s cash repatriation campaign.

Lobby group Club-k.net Tuesday quoted the Africa Monitor Intelligence report in which the daughter of former President Jose Eduardo dos Santos had dismissed the campaign as an illegality.

“The Africa Monitor Intelligence revealed that Generals Leopoldino Fragoso do Nascimento “Dino” and Manuel Hélder Vieira Dias “Kopelipa” have agreed to repatriate their cash stashed abroad,” the Club-k.net watchdog added.

Gen Nascimento was, under President dos Santos, the head of Telecommunications in 1995-2010, advisor to the minister of State and head of the Intelligence Bureau in 2010-2018.

He was also known as being at the forefront of the dos Santos’…

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France vows to give assault rifles and cash to Central African Republic


Paris will “soon deliver” 1,400 assault rifles to the Central African Republic, France’s foreign minister Jean-Yves Le Drian has announced.

The weapons will be given to the government’s Central African Armed Forces, which were established after the country gained independence from France in 1960.

Paris will also hand the republic €24.1m (£21.1m) in aid, Mr Le Drian said, which is intended to help pay salaries and…

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100 African startups can each get R500,000 in cash from this prominent UK incubator


Founders Factory Africa co-founder Roo Roger, Standard Bank’s Zweli Manyathi and Henry Lane Fox, co-founder of Founders Factory UK. Photo: Bombi Mavundza

  • The UK-based business incubator Founders Factory is looking to assist up to 100 African tech start-ups over 5 years.
  • Each start-up will receive professional advice and more than R500,000 in cash.
  • Founders Factory’s Europe-based partners include L’Oréal, Easy Jet and The Guardian.

In its first international venture, the UK-based business incubator, Founders Factory is currently looking to support  African start-ups.

In partnership with Standard Bank, the incubator will give technical and financial guidance to up to 100 of the continent’s tech entrepreneurs within 5 years. The entrepreneurs will also each receive a £30,000…

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