News
Nigeria: First Bank Sets Migration Date Amid System Upgrades Across Nigerian Banking Sector
Amid a wave of system disruptions affecting several major Nigerian banks, First Bank has scheduled its own transition to a new cloud-based procurement ...
Nigeria
Nigeria: Why Lowering Nigeria’s Interest Rate Now Would Be Premature – MPC Members
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and other Monetary Policy Committee (MPC) members have indicated that reducing the ...
Kenya
Kenya: Tappi Partners with Safaricom M-PESA to Digitize 650,000 Kenyan SMEs
Kenyan digital commerce startup Tappi has partnered with Safaricom’s M-PESA to deliver innovative digital tools to over 650,000 small and medium-sized enterprises (SMEs) ...
Nigeria
Nigeria: PenCom Halts PFAs’ Investments in Commercial Papers Amid Regulatory Concerns
The National Pension Commission (PenCom) has instructed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund managers to suspend any further investments in commercial ...
Nigeria
Nigeria: CBN Confirms No Deadline on Old Naira Notes Circulation
The Central Bank of Nigeria (CBN) has clarified that there is no set deadline for the use of old N200, N500, and N1,000 ...
Ghana
Ghana: eCedi Pilot Records GH₵473 Million in Transactions – Bank of Ghana
The Bank of Ghana’s eCedi pilot program has reached a significant milestone, achieving a transaction value of GH₵473 million across over 96,000 transactions ...
Nigeria
Nigeria: Federal Government Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
In a significant development, the Federal Government of Nigeria has withdrawn the money laundering charges against Tigran Gambaryan, a senior executive at Binance ...
Regulatory
South Africa’s Regtech Market Projected to Reach R5.3 Billion Amid Greylisting Challenges
South Africa’s regulatory technology (regtech) market is poised for significant growth, expected to rise by 27.7% annually, reaching $302.31 million (R5.3 billion) in ...
Kenya
Kenya Revenue Authority Set to Launch WhatsApp Chatbot for Tax Invoicing
The Kenya Revenue Authority (KRA) is set to unveil a WhatsApp chatbot designed to help small business owners generate electronic tax invoices directly ...
Africa
Africa: Afreximbank Advocates for AI-Driven Compliance to Strengthen African Trade
The African Export-Import Bank (Afreximbank) is championing the integration of artificial intelligence (AI) into financial and regulatory processes to enhance compliance and bolster ...