Africa
Building for the future of Africa’s energy industry takes the spotlight on Day Two of the US-Africa Energy Forum
Technological advancement in energy is a guaranteed force of change in the coming years and with the global focus on addressing issues of ...
Nigeria
Nigeria: uLesson raises $15,000,000 Series-B investment from Nielsen Ventures, others
Nigerian education technology company, uLesson, has announced its $15,000,000 Series-B investment. uLesson now has a record of being the first African edtech company ...
News
Nigerians will pay 7.5% VAT on Facebook ads from Jan 1
Facebook (now Meta) has issued a notification that Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. ...
Africa
SEON partners with two African neobanks
Hungary-based online fraud fighters SEON has announced new partnership agreements with two African neobanks, Carbon and FairMoney. With SEON’s help, both companies will now be able to improve ...
News
Nigeria: Construction sector caused the surge in non-performing loans – CBN
The Central Bank of Nigeria (CBN) has stated that the construction sector’s loan default was to blame for the surge of non-performing loans. ...
Regulatory
Bank of Tanzania gives ‘all-clear’ to fourth bureau de change
The Bank of Tanzania (BoT) has awarded a licence to a fourth bureau de change since closure of most of them in 2018. ...
Kenya
Kenya: CBK approves liquidation of Imperial Bank
The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s ...
Regulatory
Uganda tops Africa in Electricity Regulation – AfDB
For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development ...
Innovation
Nigeria: CBN is developing eNaira to function offline
The Central Bank of Nigeria (CBN) is working on offline use for eNaira, which will help onboard those who don’t have access to ...
News
Nigeria: Access Bank announces restructure into non-operating financial holding company
The Chairman of Access Bank Plc has issued a letter to all shareholders of Access Bank informing them about the restructuring of the ...