Egypt
Egypt’s Central Bank Holds Interest Rates Steady for Third Consecutive Time
The Central Bank of Egypt (CBE) has decided to maintain its benchmark interest rates unchanged for the third consecutive time, citing the balance ...
Nigeria
Nigeria: FRC Warns Against Misuse of Borrowing Proceeds
The Fiscal Responsibility Commission (FRC) has issued a strong warning against the misapplication of funds obtained through borrowing, stressing the need for greater ...
News
Nigeria: Leveraging Windfall Tax to Accelerate Nigeria’s Economic Diversification
Industry experts have highlighted the potential of Nigeria’s newly introduced windfall tax to diversify the economy, which has long been heavily dependent on ...
Malawi
Malawi Partners with Huawei to Expand Internet Access in Rural Areas
With a population of over 20 million, Malawi had 5.86 million internet users at the start of 2024, representing an internet penetration rate ...
Nigeria
Nigeria Achieves 30% Progress on FATF Action Plan
Nigeria has made significant strides in meeting the Financial Action Task Force’s (FATF) requirements, having successfully completed 30% of its Action Plan. This ...
News
Nigeria: Digital Exchanges to Attract Youths to Capital Market, Says SEC
The Securities and Exchange Commission (SEC) has announced that its recent approval-in-principle granted to two cryptocurrency exchanges aims to attract more youths to ...
Nigeria
Nigeria: Why SEC Granted Approvals to Crypto Exchanges
The Securities and Exchange Commission (SEC) has clarified that its recent approval-in-principle granted to two crypto exchanges aligns with the commission’s commitment to ...
Nigeria
Nigeria: NCC Grants Airtel Nigeria Licenses to Enhance Connectivity
The Nigerian Communications Commission (NCC) has granted Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa, three key telecommunications licenses aimed at boosting ...
Congo
DR Congo Halts $1.2B Biometric ID Project Amid Financial Irregularities
The Democratic Republic of Congo (DRC) has canceled its $1.2 billion biometric national ID project following revelations of financial irregularities. This decision comes ...
News
Nigeria: Banks’ Borrowing from CBN Drops 76% to N4 Trillion
Banks’ reliance on the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) witnessed a significant decline, dropping by 76.4 percent month-on-month (MoM) ...