Global Markets Slide as Turkish Currency Drops

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Global Markets Slide as Turkish Currency Drops

Special Correspondent - August 13, 2018

By CNBC Asian markets slid on Monday as investor sentiment took a knock amid the renewed slump in the Turkish lira. The Nikkei 225 slid 1.98...

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Blockchain fintech deepens impact with Tether partnership and acquisition of Dubai International Financial Center (DIFC) Innovation License Shiga Digital, a fast-growing fintech company focused on blockchain-based financial applications, is redefining how pan-African businesses access and interact with modern financial services while unlocking the transformative potential of blockchain finance to empower Africa's economic growth. Shiga Digital has recently been awarded the prestigious DIFC (Dubai International Financial Centre) Innovation License, marking a significant regulatory milestone that underscores the company's commitment to operating within a robust and well-respected regulatory framework. The additional license, overseen by the Dubai Financial Services Authority (DFSA), provides Shiga Digital with enhanced credibility and regulatory certainty as it continues to expand its blockchain-based financial services across Africa. The DIFC Innovation License positions Shiga Digital within one of the world's leading financial centers, offering access to a sophisticated ecosystem of banks, asset managers, and financial service providers while operating under a clear regulatory framework specifically designed for virtual assets and blockchain technology. This achievement reinforces the company's dedication to compliance and building trust with stakeholders across the continent. Shiga Digital's platform was built specifically for African businesses seeking alternatives to legacy financial systems. By integrating blockchain-based tools, the company simplifies payments, enables faster cross-border trade, offers treasury management solutions, and provides transparent access to stable, secure digital finance. As a professional partner, Shiga Digital makes it easy for companies to start using blockchain technology, removing the traditional barriers that have made it difficult for businesses to leverage these powerful tools without an intermediary. The blockchain enables remarkable efficiency in critical business areas including payment processing, cross-border transactions, treasury operations, and financial reporting. However, in its current state, without an intermediary like Shiga Digital, it remains very difficult for most businesses to effectively leverage blockchain technology. This is precisely why Shiga Digital's solutions have become the go-to choice for forward-thinking African companies. Shiga Digital's capabilities were recently further boosted by a significant investment and formation of a strategic partnership with Tether, the largest company in the digital asset industry. This move signals growing international confidence in Africa's fintech potential and Shiga Digital's innovative approach to making blockchain finance accessible across the continent. The company is now uniquely positioned to help grow blockchain adoption among both customers and regulators alike, thanks to its deep understanding of African markets, regulatory compliance expertise, and commitment to building locally relevant solutions. By partnering with licensed financial transmitters in each of its markets, Shiga Digital ensures its services are fully compliant and aligned with applicable regulatory requirements, fostering trust and confidence among stakeholders. "Africa is on the cusp of a financial transformation, and at Tether, we believe in being more than just observers; we are active enablers," said Paolo Ardoino, Chief Executive Officer at Tether. "Our strategic alliance with Shiga Digital is rooted in a shared belief that access to stable, secure, and scalable financial tools should not be a privilege, but a right. This partnership represents a long-term commitment to equipping African businesses with the technology and infrastructure needed to thrive in an increasingly digital global economy. Together, we are unlocking new pathways for growth and innovation and helping to shape a more inclusive financial future for the continent." "At Shiga Digital, we're not just developing technology, we're building the infrastructure that will power Africa's financial future," added Abiola Shogbeni, Co-Founder and Chief Executive Officer at Shiga Digital. "Our mission is to level the financial playing field by equipping African businesses with blockchain tools that are intuitive, reliable, and locally relevant. We've experienced firsthand how seamless financial services can be in developed markets, and our goal is to make that a reality on the African continent as well. The opportunity before us is immense, blockchain finance has the power to empower Africa in unprecedented ways, and we're working tirelessly to enable this transformation for our customers." "What sets Shiga Digital apart is not just what we're building, but why and how we're building it – blockchain-based technology that makes digital finance accessible and relevant to African businesses," said Dami Etomi, Co-Founder and Chief Operating Officer at Shiga Digital. "Our partnership with Tether is more than financial backing; it's a strategic alliance rooted in a shared commitment to empowering the future of digital finance in Africa. The DIFC Innovation License further validates our approach and commitment to regulatory excellence. Together, we're co-creating solutions and scaling impact to ensure African businesses are not only included but thrive in the global digital economy." The company's end-to-end platform, available via https://Shiga.io, offers businesses a reliable alternative to traditional banking systems, enabling seamless cross-border trade, simplifying stablecoin payments, providing comprehensive treasury management capabilities, and offering access to secure digital asset investments. By combining global technical standards with local insights, Shiga Digital's unique perspective enables the fintech to deliver intuitive and effective tools specifically designed for businesses across the African continent which can be accessed via web application and will soon be available via mobile app for iOS and Android devices. Aligning with its vision of a world where financial freedom is not a privilege but a fundamental right, Shiga Digital's innovative solutions are empowering African businesses with cutting-edge digital financial tools that harness the full potential of blockchain technology to drive economic growth and prosperity across the continent.

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Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO), a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries. Download Document: https://apo-opa.co/4edHUaC This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, 'digital-first' banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets. Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint. Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.” Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.” He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

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Çelebi Aviation (www.CelebiAviation.com) has announced its entry into the Kenyan market, marking a key milestone in its expansion across Africa and reinforcing its focus on high-potential regions. With more than 65 years of experience in ground handling and cargo services, the company continues to operate with a strong emphasis on transparency, ethical standards, and full regulatory compliance. Its global footprint spans Europe, Asia, and Africa, where it consistently delivers high standards of safety, operational excellence, and customer satisfaction. The move aligns with a broader strategic recalibration. Following the conclusion of its concession agreement in Tanzania, Çelebi Aviation opted not to continue operations in the country under the existing structure after a comprehensive review. This decision reflects a disciplined, value-driven approach to growth and a clear focus on markets that offer sustainable, long-term opportunities. The expansion into Kenya signals confidence in the region’s aviation potential and supports the company’s ambition to deepen its presence across the continent. Çelebi Aviation continues to prioritize markets where it can leverage its global expertise to drive efficiency, service quality, and long-term value creation. Operations across all existing markets remain uninterrupted, backed by a strong operational infrastructure and an experienced workforce. The company also maintains its commitment to contributing to local economies and employment in every geography it serves. As Çelebi Aviation advances its global growth strategy, this latest step further strengthens its position as a trusted aviation services partner across emerging and established markets alike.

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Enlit Africa has announced dedicated nuclear-focused content within its 2026 conference programme, positioning nuclear not as a theoretical debate but as an execution topic centred on addressing delivery constraints, readiness and real-world decision-making. The event takes place on 19–21 May 2026 at the Cape Town International Convention Centre in Cape Town, South Africa. As countries and utilities balance energy security, affordability and decarbonisation goals, nuclear is increasingly being evaluated through the lens of implementation: life extension, supply chain capability, regulatory readiness, skills and grid integration. Enlit Africa’s nuclear programme coverage is designed to bring together utilities, regulators, policymakers, technology providers and financing stakeholders to engage on these practical enablers. Nuclear programme coverage will include: Koeberg life extension as an execution case study: lessons on planning, delivery and operational readiness for life extension programmes New build readiness and procurement realities: a focus on the governance, sequencing and decision frameworks required to move from intention to delivery Grid integration and system planning: discussions on how nuclear fits within wider system reliability, transmission planning and long-term capacity strategies Supply chain, localisation and skills: what it takes to build durable delivery capability beyond individual projects “The conversation is shifting from whether nuclear is part of the mix to what it would take to deliver it responsibly and successfully,” said Claire Volkwyn, Head of Content, Power, Energy and Water, VUKA Group. “We are structuring this content around execution: readiness, regulation, supply chain, skills and system integration.” Enlit Africa, created by VUKA Group, forms part of a broader delivery-focused agenda spanning power and water infrastructure. The full programme is available online.

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Tag: Global markets

Global Markets Slide as Turkish Currency Drops

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