Egypt
Egypt: Egypt’s central bank raises interest rates 200bps during May
The Monetary Policy Committee (MPC) decided, Tuesday to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the ...
Nigeria
Nigeria: FG approves tax reliefs, other incentives for Startups
The Federal Executive Council has approved a plan to incentivise and further harness Nigeria’s digital innovation and entrepreneurship ecosystem. This followed the presentation ...
News
Nigeria: FCMB and Mastercard Foundation partner to uplift 100,000 MSMEs in Nigeria
First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 ...
News
Nigeria: Naira notes will be out of circulation soon, says CBN official
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign ...
News
Nigeria: FIRS releases communique after its 2nd Annual National Tax Dialogue
The Federal Inland Revenue Services, FIRS, has released the communique it issued at the end of its 2nd annual tax dialogue. The dialogue ...
News
Nigeria: NGX fines Royal Exchange, five others N89.6 million for default filings between 2020-2021
The Nigerian Exchange Limited (NGX) has fined six insurance firms N89.6 million for failure to file their financial statements after the regulatory due ...
Ghana
Ghana records $4.5bn remittances in 2021, places 2nd in Sub-Saharan Africa – World Bank
Ghana kept its 2nd position as Sub-Saharan Africa country with the largest remittances in 2021, the World Bank Migration and Development Brief has revealed. ...
News
Nigeria: MoMo Payment Service Bank (MoMo PSB) Formally Commences Operations
This follows a successful pilot initiated on 16 May 2022, in commemoration of the launch of our GSM operations on 16 May 2001 ...
News
Nigeria: APPZONE acquires switching license from the CBN
AppZone, Sub-Saharan Africa’s payment infrastructure company, announced that the Central Bank of Nigeria has issued the organization an approval in principle to operate ...
News
South Africa: SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry
South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 ...