Fintech
Uganda: Mastercard Launches Its First Ugandan Office to Drive Digital Transformation and Financial Inclusion
Mastercard has inaugurated its inaugural office in Uganda, a landmark step in its strategic expansion across East Africa. This new hub in Kampala ...
Regulatory
Zambia: Airtel Zambia to Compensate Customers Following Prolonged Network Disruption
Airtel Zambia is now facing significant penalties after a widespread network outage on February 2, 2025, left customers without service for over ...
Kenya
Kenya Central Bank Slashes Lending Rate to 10.75%
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 50 basis points, lowering it to 10.75%. In an emailed ...
Regulatory
Uganda Arrests Nine Finance Officials Amid $16.87 Million Central Bank Cyber Heist
Ugandan authorities have detained nine Ministry of Finance officials following a sophisticated cyberattack on the Bank of Uganda that resulted in an estimated ...
Fintech
Nigeria: Binance Executive Files Suit Against EFCC Over Alleged Unlawful Detention
A Federal High Court in Abuja is set to hear a compensation lawsuit on March 20, 2025, filed by Binance executive Tigran Gambaryan ...
Nigeria
Nigeria: Banks Secure N1.2 Trillion from CBN in a Single Day Amid Liquidity Crunch
Nigerian deposit money banks (DMBs) have borrowed a record N1.2 trillion from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) in ...
Regulatory
Global: China Files WTO Complaint Over U.S. Tariffs Amid Escalating Trade Tensions
China has officially filed a complaint with the World Trade Organization (WTO) following the recent imposition of tariffs by the United States on ...
Nigeria
Nigerian BDC Operators Advocate Capital Requirement Overhaul Amid Strong Naira Rally
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has urged the Central Bank of Nigeria (CBN) ...
Fintech
Global: Australian Banks Push for Swift Regulation of Mobile Wallets
Australia’s banking sector is calling on Parliament to expedite legislation that modernizes the country’s payment regulations, ensuring they remain relevant as digital transactions ...
Nigeria
Nigeria: CBN Introduces New Foreign Exchange Guidelines for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has introduced new regulatory measures for Bureau de Change (BDC) operators, limiting their weekly foreign exchange (FX) ...