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Binance users in Ghana, Tanzania, Uganda, and Zambia can now buy and sell crypto assets using mobile money, the company has announced.

This development, the company says marks a significant step towards making cryptocurrency transactions more accessible and convenient in these African markets.

The introduction of the One Click Buy and Sell (OCBS) feature allows users to seamlessly purchase and sell crypto assets directly from their mobile money accounts. According to Binance, this feature aims to enhance accessibility and convenience for crypto enthusiasts, enabling them to engage with digital currencies more easily than before.

This new feature is part of Binance's global fiat on-ramp/off-ramp offering, developed in partnership with Transfi, a firm specializing in financial technology solutions. By integrating mobile money with crypto transactions, Binance is tapping into the widespread use of mobile money services in Africa, where a large portion of the population relies on mobile phones for financial transactions.

To ensure a secure and reliable user experience, Binance says it applies rigorous Know Your Customer (KYC) protocols and robust security measures. These practices are designed to protect users' assets and personal information while ensuring compliance with local and international regulatory requirements. By enabling mobile money deposits and withdrawals with these safeguards, Binance aims to make cryptocurrency more accessible to the unbanked and underbanked populations across Africa.

"This initiative aligns with Binance’s mission to increase the freedom of money globally and empower users with easy access to digital assets," Binance stated.

The company emphasizes that this feature will help bridge the gap between traditional financial systems and the growing digital economy, providing more people with opportunities to participate in the global financial ecosystem.

To start using the One Click Buy and Sell feature, users in Ghana, Tanzania, Uganda, and Zambia will need to upgrade to the latest version of the Binance app.

With this update, Binance continues to expand its reach and influence in the African continent, where the adoption of digital financial services is rapidly growing.By Nixon Kanali, Africa Business Community

www.binance.com 

One person has died in eastern Uganda after displaying symptoms consistent with Mpox and close to 100 others are infected, the Monitor newspaper reports, citing medical workers.

The cases are concentrated in eight villages in Busia district. The first instances were detected about three weeks ago and were initially suspected to be chicken pox as they were mainly children, the newspaper said.

Medical authorities are investigating the possibility of an Mpox outbreak, the Busia district health officer Dr Mathias Wabwire Panyako is quoted as saying. By Helen Nyambura, Bloomberg

 
The main entrance to Kamiti Maximum Prison.[File, Standard]

The spotlight has turned to Kamiti Maximum Security Prison following a Sh7.6 million scam investigators believe was planned by a life-term convict.

Hesbon Onyango Nyamweya, who was jailed for defilement, has been accused of orchestrating a sophisticated fraud scheme from behind bars, defrauding businesswoman Purity Karambu Laird in a land deal.

This shocking revelation has prompted an intensive investigation by the Directorate of Criminal Investigations (DCI) into how Nyamweya managed to carry out such a scam from the confines of the country’s most secure prison. 

The fraud came to light when Ms Laird, a prominent businesswoman, reported that she had been defrauded of Sh7.6 million by someone claiming to have access to prime land for sale. 

The person behind this false promise was later identified as Nyamweya by detectives from the DCI Serious Crime Unit.How death and SGR fallout forced Jimi Wanjigi out of the dark power circle

Despite being behind bars, Nyamweya for seven months managed to communicate with Laird, convincing her that he could facilitate the sale of the land, which never existed.

Between May 1, 2020, and September 17, 2020, he maintained regular phone communication with Laird, building trust and presenting himself as a legitimate land seller. 

Unbeknownst to Laird, she was communicating with a defilement convict in one of the most secure prisons in the country.

He convinced her that he had a valuable plot of land for sale and assured her that the deal was genuine. Laird transferred the amount to an account provided by Nyamweya.

 

After receiving the money, investigators claim Nyamweya transferred it to his elderly mother, Pamela Akinyi Wara in several tranches over nearly five months.

The funds were then used by Wara to acquire properties in various locations including Ongata Rongai, Lang’ata, and Migori County.

Investigators say the woman is building a multi-million residential house in Ongata Rongai. 

There are questions about potential collusion or negligence among prison staff, as well as the effectiveness of security measures meant to prevent inmates from engaging in illegal activities while incarcerated.

The prison facility scandal details emerged when Wara, Nyamweya’s mother, was charged at the Milimani Law Courts on Friday.

Wara faces three charges of conspiracy to commit a felony, stealing and handling stolen goods contrary to section 322 (1) of the penal code. 

“... Wara conspired with others not before the court, together with one Hesbon Onyango Nyamweya serving sentence at Kamiti Maximum Prison to commit a felony namely stealing to wit a sum of Kenya Sh7,656,500 the property of Purity Karambu Laird,” the charge sheet reads in part. 

Wara, appearing frail and overwhelmed, pleaded not guilty to the charges, claiming she was unaware of the origins of the money and believed it was legitimately earned.

However, the prosecution argued that Wara was fully aware of the fraudulent activities and played a significant role in laundering the proceeds by investing in real estate.

The prosecution urged the court to issue a production order to have Nyamweya presented in court to face charges together with his mother.

Magistrate Shitubi noted the gravity of the charges and emphasised the need for a thorough investigation to ensure all involved parties are held accountable. Wara was released on a Sh2 million bond. She will appear in court on September 5 for further directions. By Nancy Gitonga, The Standard

Wiper Leader Kalonzo Musyoka shake hands with Azimio Leader Raila Odinga after they donated food and non-food items to flood victims in Mukuru Kwa Njenga at Reuben Secondary School in Nairobi on May 03, 2024. [Stafford Ondego, Standard]

Wiper leader Kalonzo Musyoka who is increasingly stepping out to take up the mantle of opposition leader has announced plans by the Azimio coalition to traverse the country to rally Kenyans against what they describe as dictatorial governance.

Kalonzo affirmed that the coalition is still the official opposition declaring that Azimio will not be compromised or undermined.

He also urged the church to remain steadfast at calling out the wrongs in government. 

He described the broad-based government as unconstitutional, saying it undermines the principles of multi-party democracy. 

Kalonzo made the remarks yesterday as he led other leaders, including Democratic Action Party of Kenya (DAP-K) leader Eugene Wamalwa, Jubilee Secretary-General Jeremiah Kioni, Makueni Senator Dan Maanzo, former Kiambu Governor Ferdinand Waititu in affirming their stand as the opposition and will discharge the role without fear.

He said they have the experience and determination, and will not allow the country to drift back to dictatorial leadership.

“We will not allow the government to rubbish the Constitution. Kenyans should not be worried, we have the experience, determination and inspiration to lead. 

‘‘We will not allow this country to go back to dictatorship,” said Kalonzo.

He added: “We are ready to deliver. As the team continues to grow, we will go everywhere in this country. 

Kalonzo termed the Ruto administration a failure and Azimio has every reason to tell the truth, and to get the country back on the right track.

He also lashed out at Ruto for making the education system a preserve of the rich.

The Wiper leader described the university funding model as impractical, unfair and not workable, stating that even university administrators were neither consulted nor piloting done to determine whether the model can be implemented. 

 “We will not allow Ruto’s government to make university education out of reach for many. I was the Education minister so I understand what we are talking about. Education is in crisis and we are giving notice to this administration that we will mobilise Kenyans to say no. If we are going to make university education only for the rich and not the poor, the poor will rise and claim their position,” Kalonzo said.

The leaders, who were speaking after the Sunday service in PEFA church in Githurai, said the government should come out clean on the actual number of deaths reported in June during the Gen Z protests.

Wamalwa said it is time to stand up and say no to the government over its oppressive rule.

“Some of our colleagues in opposition are now in government. We are having a compromised opposition,’’ Wamalwa said.

Kioni said the church has a huge responsibility to ensure that Ruto’s leadership does not continue as it is and should rise to the occasion to avoid being compromised. By Irene Githinji, The Standard

 
African countries continue to face challenges in accessing clean water resources, Nairoubi, Kenya, May 13, 2024. (Getty Images Photo)  

Türkiye’s Cansuyu Aid and Solidarity Association has donated four water wells it drilled in central Uganda to address shortages of safe and clean water in the area.

The initiative benefits more than 1,000 community members who have been trekking long distances and paying exorbitant prices to access clean water in the district of Luwero. 

Bilal Değirmenci, the international relations coordinator for Cansuyu Aid and Solidarity Association, said more water wells are under construction to assist communities grappling with water shortages to be able to access clean water free of charge.

He said that Cansuyu has drilled over 5,000 water wells in different countries in Africa and Asia, adding that more are on the way. 

"Our focus is on areas where there is no access to safe clean water due to economic difficulties or absence of means to extract water from underground,” he said.

"We have completed more than 5000 water well projects around 40 countries in Africa and Asia. We have different types and sizes of projects depending on local needs, availability and project budget. We both have electric system and handpump wells,” he said.

He added that electric systems are preferred if the project is intended for a mosque, a school or communities that can afford to meet electric bills.

Musa Kiggundu, the director of Iqra Nursery and Primary School in Luwero district and a beneficiary of one borehole, expressed gratitude to the Turkish people for extending clean water to the school community. 

He said that the borehole will contribute to improved hygiene and good health for students. The water crisis affects people in rural areas more than those in urban areas. People in some rural areas travel more than 30 minutes to access safe drinking water. The excessive amount of time people spend on water collection hinders their ability to work, and affects the economy. Anadolu Agency

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