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Global
Global: UK Government Promotes Smart Data Challenge to Spur Innovation
The UK government has initiated an open call for individuals and organizations to share innovative ideas on leveraging smart data ...
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Latest Review
Toward a New Impact Narrative for Financial Inclusion
How do financial services impact the lives of poor people? Though the global development community has debated this question for ...
Nigeria, Kenya, South Africa attracted $3.9 billion VC deals in 6 years
613 VC deals valued at $3.9 billion occurred in Africa between 2014 and 2019. Fintechs, information technology firms, and other ...
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News
Nigeria: Minister Highlights President Tinubu’s Fiscal Responsibility in 2024 Budget Submission
The Minister of Information and National Orientation, Alhaji Mohammed Idris, has lauded President Bola Tinubu’s commitment to fiscal responsibility, citing the recently submitted ...
Nigeria
Nigeria: SEC and Market Stakeholders Advocate Increased Listing of Infrastructure Bonds by FG
The Securities and Exchange Commission (SEC) and various stakeholders in the capital market are urging the Federal Government to prioritize the listing of ...
Africa
Africa: GCR Maintains UBA’s Robust Ratings with a Stable Outlook
GCR Ratings (GCR) has upheld the long-term national and international scale ratings of United Bank for Africa Plc (UBA) at AA+ (NG) and ...
Regulatory
Global: Lawmakers Urge Caution in Introducing Digital Pound, Citing Risks
British lawmakers have cautioned against the introduction of a digital pound in large sums initially to mitigate the risk of potential bank runs, ...
Nigeria
Nigeria: FIRS Grants Full Waiver on Tax Penalties and Interests in Nigeria
The Federal Inland Revenue Service (FIRS) in Nigeria has announced the approval of a complete waiver on penalties and interests for all outstanding ...
Nigeria
Nigeria: CBN Issues New Guidelines for BVN and NIN Integration; What Customers and Banks Need to Know
The Central Bank of Nigeria (CBN) has introduced new operational guidelines for deposit money banks (DMBs) aimed at enhancing the proper profiling of ...
Nigeria
Nigeria: CBN Sets March 1, 2024 Deadline for BVN-NIN Linkage, Imposes Restrictions on Non-Compliant Accounts
The Central Bank of Nigeria (CBN) has issued a directive stating that as of March 1, 2024, all accounts lacking both the Bank ...
AMA
Gates Foundation Announces Partnership with United Arab Emirates to Accelerate Action on Climate and Strengthen Food Systems Through Investment in Agricultural Innovation
Foundation calls for donors to support global agriculture research network CGIAR’s 2025-2027 investment need to reach 500 million farmers by 2030 and reduce ...
AMA
MTN and Yango Forge Transformative Partnership to Empower Partner Drivers in Côte d’Ivoire
Yango partner drivers to benefit from unlimited data packages ABIDJAN, Côte d’Ivoire, 1 December 2023 -/African Media Agency(AMA)/- Yango has joined forces with MTN to improve ...
News
Global: Mastercard Introduces GenAI Retail Assistant for Personalized Shopping Experience
Mastercard has introduced a new AI-driven retail assistant, Shopping Muse, designed to provide shoppers with personalized product recommendations. Developed by Dynamic Shield, an ...
Regulatory
Global: Google Urges UK Antitrust Action Against Microsoft in Cloud Market
Google has urged Britain’s antitrust regulator, the Competition and Markets Authority (CMA), to take action against Microsoft, alleging that Microsoft’s business practices unfairly ...
Nigeria
Nigeria Eliminates Deadline for Submission of Old Banknotes
In October 2022, the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, unveiled plans to redesign and introduce a new ...
Regulatory
Global: Italian Regulatory Authority Restrains Intesa Sanpaolo from Unilateral Customer Migration to App-Only Unit
Intesa Sanpaolo faces a directive from Italy’s competition authority, Autorità Garante Della Concorrenza e del Mercato (AGCM), to cease the migration of 2.4 ...
Ghana
Ghana: Absa Bank Ghana Appoints Adolph Kpegah as Interim Managing Director
Absa Bank Ghana LTD has announced the appointment of Adolph Kpegah as its Interim Managing Director. Mr. Kpegah will assume this temporary role ...
AMA
Hantec Fortifies Commitment to Client Integrity: Obtains Seychelles’ FSA License
HONG KONG SAR, 30 November 2023 -/African Media Agency(AMA)/- Hantec, a leading global financial services provider, is proud to announce its recent acquisition ...
AMA
Kenya: African Development Bank commits more than €101 million to boost access to electricity
The Last Mile Connectivity Project – Phase III, which will be implemented over six years (2024-2029), will provide electricity for more than half ...
Nigeria
Nigeria: CBN Mandates Banks to Accept Both Old and Redesigned Banknotes
The Central Bank of Nigeria (CBN) has instructed all of its branches to continue issuing and accepting all denominations of Nigerian banknotes, encompassing ...
News
Nigeria: Naira Shows Resilience as Black Market Rate Holds Steady
Foreign exchange markets experienced varied movements as the demand for the US dollar was met with sufficient supply. According to data from the ...
Regulatory
Global: U.S. Warns Crypto Companies: Act Against Illicit Finance or Face Isolation
Deputy Treasury Secretary Wally Adeyemo issued a stark warning to cryptocurrency companies, stating that the U.S. government will sever their ties with the ...
Regulatory
Global: Bitcoin Group Enhances Controls in Response to Regulatory Concerns
Germany’s Bitcoin Group announced on Wednesday that it is taking decisive steps to strengthen its internal control system, following an order from the ...
News
Nigeria: FRC’s New CEO, Dr Rabiu Olowo, Pledges Rigorous Standards Enforcement and Digital Transformation
Dr Rabiu Olowo, the recently appointed Executive Secretary/Chief Executive Officer of the Financial Reporting Council (FRC), has outlined his agenda, emphasizing a commitment ...
News
Nigeria: NAICOM Expresses Concern Over High Volume of Unsettled Claims by Insurance Firms
Mr. Sunday Thomas, the Commissioner for Insurance, has raised alarm over the substantial number of outstanding insurance claims based on recent evaluations and ...
Global
Global: MAS Chief Criticizes Private Cryptocurrencies, Emphasizes Confidence in Stablecoins
Ravi Menon, the departing head of the Monetary Authority of Singapore (MAS), has expressed skepticism about private cryptocurrencies, declaring that they have fundamentally ...
Global
Global: Robinhood launches in the UK
Robinhood has officially launched its commission-free trading app in the UK, providing UK residents with access to over 6,000 US-listed stocks and ADRs, ...
AMA
Africa CDC and Mastercard Foundation launch phase 2 of the Saving Lives and Livelihoods initiative to strengthen Africa’s public health systems
LUSAKA, Zambia, 29 November 2023 -/African Media Agency(AMA)/- The Africa CDC and the Mastercard Foundation have entered a new phase of their partnership on the Saving ...
