Egypt
Egypt Launches Insurance Service for Expats As of Jan. 2022
Minister of State for Emigration and Egyptian Expatriates’ Affairs Nabila Makram announced on Monday that Egyptian expatriates will be able to be covered ...
News
Nigeria: SEC warns investors against new Ponzi scheme
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has alerted the investing public that a firm known as Poyoyo Investment (Pilvest) ...
Kenya
Kenya: IFC signs deal to insure Bank of Africa SME loans
The International Finance Corporation (IFC) has signed a deal to provide Bank of Africa Kenya with cover against losses on loans to SMEs ...
Regulatory
Uganda: BoU upgrades Postbank to Tier One category for Banks
Postbank bank Uganda, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial ...
Ethopia
Ethiopia: Nation Distributing Digital ID for Advanced National, Continental Services
Aimed at delivering advanced social, health and economic services Ethiopia is working on distributing digital ID cards to its citizens. Last week, Ministry ...
Ghana
Ghana: BoG Report names UMB, 2 others with lowest lending rates to SMEs
Universal Merchant Bank (UMB) has been named among other universal banks with the lowest interest rate on loans offered to small and medium ...
News
Nigeria: FCCPC to Shut down Illegal Money Lending Apps, Platforms
The joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its ...
Africa
Africa: Egyptian, Zimbabwean blockchain startups invited to apply for incubation programme
Blockchain startups from Egypt and Zimbabwe have been invited to apply for the Africa Blockchain Incubation Programme, aimed at encouraging creativity and ideas ...
Kenya
Kenya: Court stops CBK order on Imperial Bank liquidation
The High Court has temporarily stopped the liquidation of collapsed Imperial Bank after billionaire businessman Ashok Doshi and his wife Amit sued over ...
News
Nigeria: Currency swap: CBN sells 3.69bn yuan in three years
The Central Bank of Nigeria has said it sold 3.69 billion yuan from the inception of the currency swap deal with China to ...