Africa
Africa: ECOWAS Accelerates Plans for ECO Single Currency Launch by 2027
The Economic Community of West African States (ECOWAS) has intensified efforts to finalize the practical arrangements necessary for the introduction of its long-anticipated ...
Regulatory
South Sudan Lifts Cash Withdrawal Cap Amid Liquidity Crisis
The Bank of South Sudan (BoSS) has announced the removal of the SSP10 million ($2,567) cash withdrawal limit for commercial banks in a ...
Nigeria
Nigeria: SEC Enhances Oversight to Safeguard Investors Amid Nigeria’s Fintech Transformation
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds as financial technology (fintech) continues to reshape Nigeria’s investment ...
Nigeria
Nigeria: SEC DG Highlights Barriers and Strategies for Capital Market Growth
The Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory challenges, and macroeconomic instability as critical barriers to the capital market’s ...
News
SA: Tyme Achieves Unicorn Status with $1.5B Valuation Following Nubank’s $250M Investment
Nubank, the world’s most valuable digital bank, has spearheaded a $250 million funding round for Tyme Group, a South African digital banking platform. ...
News
Nigeria: Naira Declines Sharply as CBN Intervenes in FX Market
The Nigerian naira continued its slide against the U.S. dollar last week, despite three separate intervention sales by the Central Bank of Nigeria ...
Angola
Angola: Fitch Affirms Angola’s ‘B-’ Credit Rating with Stable Outlook
Fitch Ratings has reaffirmed Angola’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B-’ with a stable outlook, reflecting the country’s economic challenges and ...
News
Nigeria: PalmPay and Jumia Forge Strategic Partnership to Boost Digital Payments in Nigeria
PalmPay, a leading Africa-focused fintech platform, has partnered with Jumia, a prominent e-commerce company, to advance Nigeria’s digital payment ecosystem. The collaboration aims ...
Nigeria
Nigeria: Naira Strengthens to N1,540 as CBN Injects $124 Million to Bolster FX Liquidity
The naira closed the week on a stronger footing in Nigeria’s autonomous foreign exchange market, supported by improved liquidity and sustained dollar inflows. ...
News
Africa: Angola’s TelCables to Enhance Digital Connectivity in Nigeria
Rack Centre, the leading Tier III Carrier and cloud-neutral data centre in West Africa, has expanded its interconnection services through a new partnership ...