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Africa
Africa: Three Nigerian innovators, others shortlisted for African award
The three Nigerians are part of a group of 16 African innovators, spanning 10 countries, who will compete for the ...
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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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Côte d’Ivoire
Côte d’Ivoire: Paradise Game and Visa Launch “The Money Kings”, a Gamification Program, During the 6th edition of FEJA 6.
Paradise Game (ParadiseGame.net), beacon for esports and edtech in Africa, initiated with VISA, a Regional Program to promote financial education to equip 200,000 ...
Kenya
Kenya: Africa’s Leading Data Analytics Company, Periculum Launches Utambuzi in Kenya
Utambuzi has launched in Kenya. Utambuzi, which means ‘insights’ or ‘diagnosis’ in Swahili, is a personal finance management product that leverages machine learning ...
News
Rwanda: Africa Data Centres to build its first data centre in Kigali, Rwanda
Africa Data Centres (https://www.AfricaDataCentres.com/) is building its first data centre in Kigali, Rwanda; The facility will have 2MW of IT load and will break ...
News
Nigeria: FCT minister reduces telcos RoW charges by 90%
The Minister of the Federal Capital Territory, Mohammed Bello, has said that telecommunications operators who want to deploy broadband infrastructure in green areas ...
Intelligence
Nigeria ID4D strengthens digital identity management
The Project Coordinator, Nigeria Digital Identification for Development, Solomon Odole, has said that the project is addressing the inadequate infrastructure of the National ...
Africa
Africa’s Mobile Money Ecosystem Embraces Blockchain to Drive X-Border Real-Time Payments
In 2020, scientists at the University of Zambia (UNZA) proposed a clearing and settlement architecture that would allow interoperability between mobile money payment ...
Nigeria
Nigerian Regulators Spurn Cryptocurrencies for Digital Assets That Protect Investors
Despite the popularity of cryptocurrencies in the country, the Securities and Exchange Commission (SEC) of Nigeria has no plans to make crypto part ...
Kenya
Kenya: How Google Play changes will affect digital lenders
Digital lenders in Kenya will have to file a self-declaration form and license from the Central Bank of Kenya (CBK) with the tech ...
Africa
Africa: AfCFTA Crucial for Africa’s Economic Recovery and Growth
Successful implementation of the AfCFTA can boost trade and promote Africa’s economic recovery and growth Food security concerns and runaway inflation have compounded ...
Global
Global: British crime agency recovers $65 mln of suspect money in Barclays accounts
Britain’s National Crime Agency (NCA) on Friday (November 25, 2022) obtained a civil recovery order relating to nearly 54 million pounds ($65 million) ...
Global
Global: RBI refuses to grant Paytm license as payment aggregator, asks company to reapply
The Reserve Bank of India (RBI) refuses to grant Paytm Payments Services (PPSL) a payment aggregator license, the company informed the bourses on ...
News
Zambia: MTN Zambia rolls out commercial 5G
Pan-African operator MTN has officially rolled out its 5G network in Zambia, becoming the first mobile operator in the Southern African nation to ...
Kenya
Kenya: CBK eyes World Bank loans to boost forex reserves
Kenya is eyeing loans from the International Monetary Fund (IMF), the World Bank Group and rich countries to lift its foreign-exchange reserves that ...
Ghana
Ghana: BoG pegs cedi depreciation to dollar at 54%
The Bank of Ghana has pegged the rate of depreciation of the cedi to the dollar at 54.2% in almost 11 months of ...
News
Nigeria: Access Bank, Interswitch others win award at Financial Inclusion Conference
Access Bank, Jaiz Bank as well as Interswitch was among Nigerian brands and innovators in the Financial Inclusion Ecosystem recognized for their contribution ...
News
Nigeria: Unregistered PoS agents responsible for fraud, says association
The Association of Mobile Money and Bank Agents in Nigeria has stated that theft and fraud, through point of sale terminals, can only be ...
News
Nigeria’s rising inflation consistent with global trend – Emefiele
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) said the steady increase in headline inflation from 15.60 per cent in January to ...
News
Nigeria: We must tackle oil theft to build reserves, enhance Naira stability -Emefiele
Governor, Central Bank of Nigeria, CBN, Emefiele has said that tackling the problem of oil theft is critical to building robust foreign exchange ...
Ghana
Ghana: Average lending rate hits 31.40% in October 2022 – BoG
Average lending rates of commercial banks hit 31.40% per annum as of the end of October 2022, the Bank of Ghana’s November 2022 ...
Africa
Africa: BIS Report on CBDC Highlight Improved Payment Systems, Others as Motivation For CB’s
A recent study by the Bank for International Settlements has observed that Central Banks are motivated to develop a digital currency, to allow ...
News
Nigeria: NGX, IFC Sign MoU to Deepened Green Bond Sustainability in Nigerian Capital Markets
Nigerian Exchange Limited (NGX) and International Finance Corporation (IFC), have signed a Memorandum of Understanding (MoU) to further deepened green bond sustainability in ...
South Africa
SA: Revio Raises $1.1 million to Solve Payments Challenge in Emerging Markets
API payment and collections company Revio has closed a $1.1 million seed funding round led by SpeedInvest. The funding will be used to ...
News
Nigeria: ICT contributed 15.35% to Nigeria’s real GDP in Q3 2022
Activities in the Nigerian Information and Communications Technology (ICT) sector contributed 15.35% to the country’s real Gross Domestic Product (GDP) in Q3 2022. ...
Ghana
Ghana: AirtelTigo Launches eSIM Service in Ghana for Its Customers
Telecom network operator AirtelTigo has introduced an Embedded SIM (eSIM) service in Ghana. Users with eSIM-compatible phones like the iPhone will no longer require physical SIM cards, ...
Ghana
Ghana: GH¢3 billion paid to SSNIT pensioners in 11 months
The Social Security and National Insurance Trust (SSNIT) has made pension payments totalling GH¢3.06billion to pensioners in the first 11 months of this ...
