Nigeria
Nigeria: CBN to Maintain Oversight of Keystone Bank Following Court-Ordered Ownership Transfer
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to managing Keystone Bank Limited after a recent court ruling transferred the bank’s ...
Fintech
Unlocking Nigeria’s Fintech Potential: Kuda MD Advocates for Regulatory Reforms and Infrastructure Growth
Nigeria’s fintech sector continues to experience remarkable expansion, attracting $2 billion in investments in 2024. However, despite its rapid growth, critical challenges threaten ...
Nigeria
Nigeria: Naira Rebounds Slightly as CBN Injects $66 Million into Banks
The Nigerian naira made a modest recovery in the foreign exchange market after weeks of downward pressure. On Friday, the naira appreciated by ...
Africa
Africa: MoneyHash Secures $5.2M Pre-Series A to Enhance Payment Orchestration in Emerging Markets
MoneyHash, a leading payment orchestration platform focused on the Middle East and Africa (MEA), has successfully raised $5.2 million in a pre-Series A ...
Nigeria
Nigeria: CBN Calls on Telecom Firms to Manufacture SIM Cards Locally to Ease Forex Pressure
The Central Bank of Nigeria (CBN) has urged telecommunications companies to localize the production of essential components such as SIM cards, cables, and ...
Innovation
Nigeria: CBN Raises N1.4 Trillion from Oversubscribed OMO Bills Auction
The Central Bank of Nigeria (CBN) has successfully raised ₦1.4 trillion through Open Market Operations (OMO) bills in its latest primary market auction. ...
Fintech
Nigerian Crypto Exchange Busha Lists cNGN Stablecoin, Eyes Phased Rollout
Busha, a leading Nigerian cryptocurrency exchange with a provisional license from the country’s Securities and Exchange Commission (SEC), has officially listed the compliant ...
Fintech
South Sudan Launches National Instant Payment System to Boost Financial Inclusion
The Bank of South Sudan (BoSS) has officially launched its first-ever National Instant Payment System (NIPS), three years after its initial proposal. Developed ...
Egypt
Egyptian Startup Taager Secures $6.75M Pre-Series B Funding to Expand Social E-Commerce in MENA
Taager, a leading social e-commerce platform in the MENA region, has raised $6.75 million in a Pre-Series B funding round led by Norrsken22, ...
Africa
Africa: Madica Injects $800,000 into Four African Startups to Drive Innovation and Growth
Madica, a pre-seed investment program dedicated to African startups, has announced an $800,000 investment in four promising ventures across the continent. Each startup ...
