Nigeria
Nigeria Records 9% Growth in Crypto Transactions, Reaching $56 Billion
Nigeria has witnessed a remarkable 9% year-over-year growth in the volume of cryptocurrency transactions, totaling $56.7 billion during the period from July 2022 ...
Regulatory
Global: SBP Grants In-Principle Approval to Five Innovative Digital Retail Banks
In a significant move to promote innovation, financial inclusion, and the accessibility of affordable digital financial services, the State Bank of Pakistan (SBP) ...
Regulatory
Global: G20 Advocates Digital Public Infrastructure Policy to Drive Global Financial Inclusion
The G20, consisting of the 19 most advanced economies globally, along with the European Union and, more recently, the African Union, has released ...
Nigeria
Nigeria: CBN Introduces Online Platform for Streamlined Microfinance Bank License Applications
The Central Bank of Nigeria (CBN) has launched a user-friendly online platform, the CBN Licensing, Approval and Other Requests Portal (CBN LARP), for ...
Ethopia
Ethiopia’s Central Bank Provides Long-Awaited Assurance of Currency Convertibility
The National Bank of Ethiopia (NBE) has affirmed its commitment to providing the long-anticipated guarantee of converting local currency funds into hard currencies ...
Regulatory
Global: CFPB Requires Lenders to Offer Detailed Explanations for AI-Driven Credit Denials
The Consumer Financial Protection Bureau (CFPB) has issued guidance for lenders employing artificial intelligence (AI) and complex models in their credit assessment procedures. ...
Kenya
Kenya: GeoNet Communications Loses Legal Battle Against Safaricom and Regulator
Long-distance telecommunications service provider, GeoNet Communications, has faced defeat in its application to review a decision that dismissed its case by the Multimedia ...
Kenya
Kenya: Naivas Supermarket Faces Potential Sh5 Million Fine for Delayed Reporting of Client Data Theft
Naivas Limited, a local supermarket chain, has come under scrutiny for failing to adhere to data protection regulations by not reporting a customer ...
Regulatory
Uganda: NIRA Issues Warning Against Using National IDs as Loan Security
The National Identification and Registration Authority (NIRA) in Uganda has issued a stern warning to both Ugandans and participants in the money lending ...
Kenya
Kenya: Sasra Seeks Treasury Assistance to Recover Unremitted Sacco Deductions from State Entities
The Sacco Societies Regulatory Authority (Sasra) is advocating for the direct deduction of funds allocated by the Treasury to counties, public universities, and ...
