Intelligence
Nigeria: Direct Remittances Drops by 62.4% to $1.96bn in 10 Months
Latest data by Central Bank of Nigeria (CBN) has revealed that total direct remittances from Nigerians in Diaspora dropped by 62,4 per cent ...
Egypt
Egypt: Jumia to Offer Payment Services to Egypt Firms With New License
Jumia Technologies AG, one of Africa’s largest e-commerce companies, plans to offer its digital payments services to Egyptian firms, seeking to capitalize on ...
Nigeria
Nigeria’s Flex Finance raises pre-seed funding to help it grow
Nigerian fintech startup Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business expenses and ...
Nigeria
Nigerian media startup, Dataphyte, raises $100,000 in seed investment
Dataphyte, a Nigerian media startup, on Thursday announced that it has raised a seed funding of $100,000. The media, research and data company ...
News
Zimbabwe: CBZ CEO Zimunya Retires, Nyazema Takes Over
CBZ managing director, Peter Zimunya is set to step down as chief executive after a prolonged career spanning over four decades in the ...
Africa
Namibia: Central Bank Launches Three-Year Strategic Plan
The Bank of Namibia this week launched a three-year strategic plan which provides a solid platform for the bank to conduct monetary policy, ...
Innovation
Interswitch reiterates commitment to boost Nigeria’s tech ecosystem, supports DevFest Lagos
Africa’s leading integrated payments and digital commerce company, Interswitch, has once again restated its support for Nigeria’s technology ecosystem through its sponsorship of ...
Intelligence
Zimbabwe: FCA Deposits Hit U.S.$1,72 Billion
Foreign currency account (FCA) deposits, on a broad money basis, grew by 68,85 percent in the year to September 2021, latest statistics from ...
Africa
AfDB Signs $35m Facility for Ecobank International Affiliates, EBI SA
The Board of Directors of the African Development Bank (AfDB) has approved a $35 million unfunded risk-sharing facility for Ecobank International affiliates, EBI ...
News
Nigeria: FG announces plan to regulate Netflix and other streaming services
The Federal Government of Nigeria has hinted on new moves to introduce censorship laws and regulatory framework for Over-The-Top (OTT) streaming services and ...