Nigeria: The next chapter

By Charles Weller, Head of FI Trade Nigeria, Barclays Africa

Nigeria presents an interesting tale of seeming opposites in the African growth agenda. It simultaneously took pole position as the largest economy in Africa in 2016 and yet suffered from its worst recession in 25 years, indicative of both the ups and downs that the country’s economy has been through.

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Innovation in blockchain trade

Barclays Africa becomes the first organisation in the world to execute a live trade transaction using WAVE blockchain technology

In what will take its place in the history books of the financial services and financial technology (fintech) industry, Barclays executed the first ever live trade transaction using blockchain technology in September 2016. The pilot with start-up, WAVE, Barclays UK and Barclays Seychelles marked a world first both in international trade and the blockchain space - ultimately signifying the start of a new chapter in the blockchain community, where experimentation is replaced with implementation.

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