Kenya
Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers
The Central Bank of Kenya (CBK) will significantly raise the minimum capital requirement for commercial banks, increasing it tenfold to $77.8 million (KES ...
Ghana
Ghana: Bank of Ghana Completes Two Phases of Cross-Border Trading Using Digital Credentials
The Bank of Ghana (BoG) has successfully completed two phases of its Project DESFT, aimed at enhancing cross-border trade using digital credentials. Phase ...
Regulatory
Zimbabwe Plans to Develop a Cryptocurrency Regulatory Framework
The Zimbabwean government is inviting all cryptocurrency service providers, both domestic and international, to participate in shaping its new regulatory framework for the ...
Nigeria
Nigeria: World Bank, WTO, and NITDA Collaborate to Boost Digital Trade
The National Information Technology Development Agency (NITDA), in partnership with the World Bank and the World Trade Organization (WTO), is taking significant steps ...
Nigeria
Nigerian Fintech Startups Face High Costs with New KYC Regulations
In light of recent changes mandated by the Central Bank of Nigeria (CBN), fintech startups are now required to physically verify the addresses ...
News
Nigerian Government and World Bank Discuss Ambitious 90,000km Fiber-Optic Cable Project
In a significant move to enhance Nigeria’s digital infrastructure, the Federal Government has commenced discussions with the World Bank to support the deployment ...
News
Nigeria: GTCO Aims to Raise N500bn Capital by July
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise approximately N500bn starting in July. This information was disclosed in a preliminary ...
Nigeria
Nigeria: NDPC Launches Campaign to Raise Awareness on Nigeria Data Protection Act
The Nigeria Data Protection Commission (NDPC) is intensifying efforts to increase awareness about the Nigeria Data Protection Act (NDPA) to ensure compliance among ...
Nigeria
Nigeria: Sterling Bank Partners with SPPG to Implement Blockchain for Credential Verification
Sterling Bank has joined forces with the School of Politics, Policy, and Governance (SPPG) to enhance credential verification through the adoption of blockchain ...
Regulatory
Rwanda to Launch Digital Franc by 2026
Rwanda has announced its ambitious plan to introduce a national digital currency, the “digital franc,” by 2026. This initiative, led by the National ...