Africa
African Startup Funding Surges to $217 Million in February, Nigeria Leads the Charge
In February 2024, African startups rebounded from a sluggish January, experiencing a significant surge in funding, with Nigeria emerging as the frontrunner in ...
Regulatory
Tanzania: London-based Fintech Unlimit Expands into Tanzania Following Approval from Bank of Tanzania
Unlimit, a London-based fintech company, is broadening its footprint into Tanzania after receiving authorization from the Bank of Tanzania (BOT). This strategic move, ...
Kenya
Crafting the Future of Banking: Insights from 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya
Nairobi, Kenya – Conceptualized and organized by The International Center For Strategic Alliances (ICSA), the 11th Edition Connected Banking Summit- Innovation & Excellence ...
News
Nigerian Banks Tap ₦8 Trillion from CBN to Boost Liquidity Amid Rising Interest Rates
Nigerian deposit money banks (DMBs) have collectively borrowed ₦8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) to address ...
News
Nigeria: Flutterwave Discontinues Barter Virtual Card, Shifts Focus to Remittance Services
Flutterwave has announced the discontinuation of its Barter service, a virtual card platform introduced in 2017 as part of the fintech company’s growth ...
Africa
Africa: Empowering Women in Finance: 5 African Fintechs Led by Women Breaking Barriers
Fintech has become a potent force in advancing financial services and bridging the gender gap in financial inclusion. In Africa, where the prominence ...
News
Nigeria: CBN Reports Quadrupling Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has reported a remarkable increase in foreign exchange inflow into the economy during the month of February. ...
Africa
Global: Mastercard and SAVA Forge Partnership to Empower African SMEs with Innovative Financial Solutions
Mastercard and Johannesburg-based fintech firm, SAVA, have joined forces to empower small, medium, and micro enterprises (SMMEs) across Africa by leveraging cutting-edge payment ...
News
Nigeria: States’ Internal Revenue Collection Hits N2 Trillion Milestone, Reports FIRS Chairman
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), disclosed a significant achievement in the realm of revenue collection by ...
News
Nigeria: CBN Records a Remarkable 433% Surge in Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has revealed an impressive 433% increase in Diaspora remittances, soaring to $1.3 billion in February from the ...