Ethopia
Ethiopia Advances Economic Reform with Steps Toward Central Bank Digital Currency (CBDC)
The National Bank of Ethiopia (NBE) has taken significant steps in its economic reform agenda by preparing two new proclamations. One of these ...
Nigeria
Nigeria: NEPZA Introduces Tax Breaks and Other Incentives to Retain Foreign Investments in Nigeria
To curb the exodus of foreign businesses from Nigeria, the Nigeria Export Processing Zones Authority (NEPZA) has introduced several measures aimed at supporting ...
Nigeria
Nigeria: Investors Reduce Treasury Bills Holdings Amid CBN Rate Cuts
Investors responded negatively by reducing their holdings of Nigerian Treasury Bills (NTBs) in the secondary market following consecutive cuts in spot rates at ...
Nigeria
Nigeria: Wema Bank Successfully Concludes First Phase of Recapitalisation
Wema Bank Plc has successfully completed the first tranche of its recapitalisation exercise, securing all necessary regulatory approvals for its N40 billion rights ...
Nigeria
Nigeria: NITDA Director General Calls for Integration of Digital Skills in School Curriculum
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has urged a collective effort to update and enhance ...
Ethopia
Ethiopia to Permit Foreign Banks to Establish Local Subsidiaries
Ethiopia, with a population exceeding 100 million, is one of Sub-Saharan Africa’s largest economies and has long been an attractive prospect for foreign ...
Kenya
Kenya’s Tax Burden to Rise by Ksh.1 Trillion by 2027
The Kenya Kwanza administration’s ambition to increase the tax to Gross Domestic Product (GDP) ratio will result in a significant increase in the ...
Nigeria
Nigeria: FIRS Drops Tax Charges Against Binance Executives, Lists Exchange as Sole Defendant
In March 2024, the Federal Inland Revenue Service (FIRS) filed tax evasion charges against Binance, alleging that the cryptocurrency platform violated four tax ...
Nigeria
Nigeria: Wema Bank Secures Regulatory Approval for N40bn Rights Issue
Wema Bank has received regulatory approval for the allotment of its N40 billion rights issue, which began in December 2023. This marks the ...
Nigeria
Nigeria: NDPC Levies ₦400 Million in Fines on 7 Companies for Data Breaches
The National Data Protection Commission (NDPC) has imposed ₦400 million in fines on seven companies for various data breaches. Olatunji, a spokesperson for ...
