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. ...
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 ...
Nigeria
Nigeria: Sterling Bank Obtains AIP for Standalone Islamic Banking Licence
Sterling Bank Plc has informed the Nigerian Exchange and investing public that the tier-2 lender has gotten approval –in principle from the Central ...
Kenya
Kenya: Digital lenders have six months to acquire license
Kenya’s president signs new law to police digital lenders, apps have six months to apply for licenses Getting loans in banks can be ...
Global
HyperPay gets regulatory approval to augment ecommerce in Saudi Arabia
Saudi Arabia-based payment gateway HyperPay has obtained a permit from Saudi Payments to enable new ‘mada’ services for its merchants in Saudi Arabia. The move will address ...
Africa
Namibia: Dunn Appointed As Second Deputy BoN Governor
President Hage Geingob has appointed the Financial Intelligence Centre head, Leonie Dunn, as the second deputy governor of the Bank of Namibia. He ...
Global
Bank of Ireland fined €24.5m by Central Bank for regulatory breaches
Bank of Ireland has been fined €24.5m by the Central Bank for regulatory breaches related to its IT systems and related internal controls. ...
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, ...
Regulatory
ICASA grants 6 provisional spectrum licences to qualifying operators
The Independent Communications Authority of South Africa (ICASA) has announced that it has granted licences to six electronic communications network operators for provisional ...
Kenya
Kenya: ViewTech gets CBK nod to take on M-Pesa
Nairobi-based electronic payments firm ViewTech has been authorised by the Central Bank of Kenya (CBK) to facilitate in-person payments through the mobile phone ...