Islamic Finance: A new form Private Equity? By GITTEL AYUK Esq. Islamic Finance (IsF), though new, is fast gaining credence in the global financial market. Standing on five principles, IsF is most renowned for its no-interest principle. Apart from the no-interest motive, another key principle is that of shared profits-and-losses, which is the focus of…
Funding Disparities with African Fintech. By GITTEL AYUK Esq. Introduction The flow of Capital from Funders to Founders has exponentially transformed the status of African Fintech Start-ups in recent years. Having leaped across the $ 1 billion mark, seven African Start-ups have now acquired the Unicorn status – five of which are Fintech Start-ups. Meanwhile,…
Fintech, Data Protection and Compliance in Africa: A Regulatory Response By GITTEL AYUK Esq. Introduction Data Protection (DP) is not a new topic in Africa. However, the rise and proliferation of Fintech Start-Ups in Africa has prompted new conversations on the collection and usage of data. Concurrently, new and more robust compliance standards are being…
Decentralized Finance (DeFi) By GITTEL AYUK Esq. What is DeFi? Cryptocurrency is best known by many as a digital currency. But is cryptocurrency Money? Different people including banks, academicians, Crypto enthusiast, economists and government agencies hold quite opposing views of what cryptocurrency really represents. To some, Cryptocurrency is money; to others an assert or security….
Cryptocurrency: Money or Asset or both? By GITTEL AYUK Esq. Introduction Cryptocurrency is best known by many as a digital currency. But is cryptocurrency Money? Different people including banks, academicians, Crypto enthusiast, economists and government agencies hold quite opposing views of what cryptocurrency really represents. To some, Cryptocurrency is money; to others an assert or…
Central Bank Digital Currency (CBDC): Good or Bad for African countries? By GITTEL AYUK Esq. Introduction Central Bank Digital Currency (CBDC) is a current and trending evolution of cryptocurrency. More and more countries are considering creating their own cryptocurrency, making it a digital version of their fiat currency. According to a 2020 survey by the…
Bitcoin as Legal Tender in Central African Republic: What Implications? By GITTEL AYUK Esq. Introduction On the 22nd of April 2022, Central African Republic (CAR) became the second country in the world, after El Salvador, and first in Africa, to adopt Bitcoin (BTC) as a legal tender. While the 7 chaptered and 26-articled law is…
Bali Fintech Agenda: An insight By GITTEL AYUK Esq. ABSTRACT In 2018, international financial institutions took bold steps to foster international coordination of Fintech, by proposing guidelines that would help to shape both national, regional and international Fintech infrastructure and policies. Their contributions are mirrored in a document known as the Bali Fintech Agenda. What…
The Evolution of Insurance in Cameroon: Challenges and Pathways for Growth” By Gittel Ayuk. INTRODUCTION Insurance is legally defined as a contractual agreement between two parties—the insurer and the insured—whereby the insurer, in exchange for a premium, undertakes to compensate the insured or a third party for a specified loss, damage, or liability arising from…
Adapting Legal Realities for Investors and Policy Makers on Real Estate Investment in Cameroon. By Kesi Esq. ABSTRACT Real estate in Cameroon presents a fertile ground for investment, yet legal uncertainties, and bureaucratic bottlenecks persist. As developing and emerging economies strive to attract foreign direct investment (FDI), legal frameworks must evolve to address investor demands…