Kenya
IMF Review: Kenya Confronts Intensified External Financial Risks – Fitch
Kenya’s financial landscape is facing mounting external risks following the cancellation of its ninth and final review under the current Extended Fund Facility ...
Nigeria
Nigeria: House of Representatives Affirms Financial Reporting Council Act Remains in Effect
The House of Representatives has reaffirmed that the Financial Reporting Council (FRC) Act, 2023 remains legally binding and operational unless amended through the ...
Innovation
Nigeria: NDIC Advocates Early Financial Education to Empower Nigerian Youth
The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for early financial literacy among Nigerian youth, aiming to equip them with essential ...
Fintech
Nigeria: PalmPay Introduces Verve Debit Cards Amid Nigerian Fintech Shift to Local Payment Solutions
PalmPay, one of Nigeria’s leading fintech platforms with over 35 million users, has launched its first debit card in partnership with Verve. This ...
Africa
Ripple and Chipper Cash Partner to Revolutionize Crypto-Powered Payments in Africa
Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Chipper Cash to enhance cross-border payments ...
Africa
Zap Africa Threatens Legal Action Against Paystack Over “Zap” Brand Name Dispute
A legal standoff is unfolding between cryptocurrency exchange Zap Africa and fintech giant Paystack over the use of the name “Zap.” The dispute ...
Africa
West Africa’s Start-Up Funding Boom: Nigeria’s Dominance and the Region’s Shifting Landscape
Since 2019, West Africa has emerged as a powerhouse in Africa’s start-up ecosystem, attracting $5.8 billion in funding—36% of the continent’s total, making ...
Nigeria
Nigeria’s Money Supply Declines to N110.3tn in February Amid CBN’s Liquidity Management
Nigeria’s money supply experienced its first decline of 2025, dropping to N110.32 trillion in February, down from N110.94 trillion in January, according to ...
Global
World Bank to Invest $15 Million to Enhance Nigeria’s Statistical Infrastructure
The World Bank has highlighted concerns over Nigeria’s statistical performance, emphasizing that the country is lagging behind its aspirational peers, including Mexico, Colombia, ...
Fintech
Kenya: Lipa Later Placed Under Administration Amid Financial Turmoil and Failed Fundraising
Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has officially entered administration as of March 24, 2025, following prolonged financial struggles and unsuccessful fundraising efforts. ...