Egypt
Egypt: Sawari Ventures to Boost African Startups with $200 Million Fund
Egypt-based venture capital firm, Sawari Ventures, is gearing up to launch its second fund, Sawari Ventures II, in early 2025, targeting a $200 ...
News
Nigeria: Interbank Rates Decline as FAAC Inflows Boost System Liquidity
Interbank rates in Nigeria’s money market have dropped following liquidity injections from the Federal Account Allocation Committee (FAAC), which eased pressures on the ...
Regulatory
Zimbabwe Mandates PoS Machines for Businesses to Curb Unfair Practices
Zimbabwe has intensified efforts to ensure that businesses comply with regulations mandating the use of point-of-sale (PoS) machines, as part of a broader ...
Nigeria
Nigeria: FG’s October 2024 Bond Auction Oversubscribed by N109bn
The Federal Government’s October 2024 bond auction has been significantly oversubscribed by N109 billion, reflecting strong investor confidence despite economic challenges. According to ...
Regulatory
Zimbabwean Telcos Adjust Tariffs as Currency Devaluation Escalates Operational Costs
Telecommunications companies in Zimbabwe are adjusting their tariffs to offset rising operational expenses caused by currency devaluation and inflation. Industry experts have pointed ...
Africa
Africa: Kenya and Egypt Dominate African Start-up Funding Landscape in 2024
Kenya and Egypt have solidified their positions as Africa’s top start-up funding destinations, collectively securing 75% of all investments in the third quarter ...
News
Nigerian Government Partners with Ericsson to Accelerate 5G Connectivity
As Africa’s most populous nation, Nigeria represents over 15% of the continent’s population, making its collaboration with Ericsson pivotal in advancing digital transformation ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
Ghana
Ghana: Mobile Money Transactions Surpass GH¢1.9 Trillion – Bank of Ghana
The Bank of Ghana’s (BoG) 2023 FinTech Sector Report has highlighted remarkable progress in the country’s digital financial sector, revealing that mobile money ...