News
South Africa: South Africa’s spectrum auction to proceed despite squabbles
South Africa’s hotly-contested high frequency digital spectrum auction is set to go ahead in March 2021, following an announcement by President Cyril Ramaphosa ...
Africa
Malawi: African Development Fund signs $14.2 grant agreement for financial digitalization initiative
Funding for the Support DFIC project, approved last December, will be sourced from ADF, the Bank Group’s concessional financing window The African Development ...
Africa
Liquid Intelligent Technologies Partners With Multi-Cloud Platform Teridion To Deliver Faster Internet Connectivity In Africa And Other International Markets
This will allow Liquid to provide reliable and fast internet connectivity to its global customers Liquid Intelligent Technologies (www.Liquid.Tech), a business of Cassava ...
News
Nigeria: CBN Grants N3trn Intervention Loans, Extends Single-Digit Interest Rates on Facilities
The Central Bank of Nigeria (CBN) has announced that interest rates on its various intervention facilities had been extended till March 1, 2023, ...
News
Nigeria: CBN Announces Plan to Stop FX Sales to Banks
The Central Bank of Nigeria (CBN) has indicated a plan to stop selling dollars and other foreign currencies to banks as part of ...
Startup
Uganda: Ugandan fintech startup ChapChap secures funding round
ChapChap, a Ugandan fintech startup that creates reliable financial profiles for MSMEs, has secured a funding round from Nordic Impact Funds to accelerate ...
Kenya
Kenya: Kenya’s Central bank opens public discussion on CBDC
The Central bank of Kenya (CBK), has published a discussion paper on its Central Bank Digital Currency (CBDC), while seeking public comments on the potential ...
News
Nigeria: CBN explains how diaspora remittances increased from $6 million to $100 million weekly
The Central Bank of Nigeria (CBN) has said that its foreign exchange policies especially the Naira4Dollar scheme has led to significant improvement in ...
Africa
Africa: Africa GDP falls by $165bn —Adesina
President of African Development Bank, AfDB, Dr. Akinwunmi Adesina, has lamented the dwindling economic fortunes of the African continent which he said had ...
Kenya
Kenya: CBK to Introduce Another Currency in Kenya
The Central Bank of Kenya (CBK),has released a well-thought-out discussion paper detailing why it is important to officially launch digital currencies in Kenya. In the ...