Nigeria
Nigeria: IMF Urges Nigeria to Halt Tax Waivers to Address Debt Crisis
The International Monetary Fund (IMF) has advised Nigeria and other Sub-Saharan African nations to shift their focus towards eliminating tax exemptions and increasing ...
News
South African Fintech Revio Raises $5.2 Million to Enhance Business Payment Success
In Africa, digital payments account for less than 10% of all transactions, presenting a significant opportunity for financial institutions on the continent. McKinsey ...
Ghana
Ghana’s National Identification Authority Claims Government Owes $80 Million for ID Card Production
The Executive Secretary of Ghana’s National Identification Authority (NIA), Prof Kenneth Agyemang Attafuah, has emphasized that the government owes the ID-issuing agency nearly ...
Ghana
Ghana Revenue Authority Identifies VAT Violations in 12 Businesses
In accordance with Section 41 of the Value Added Tax (VAT) Act, businesses in Ghana are obligated to consistently provide VAT invoices. Failing ...
Kenya
Kenyan Firm Blacklisted by African Development Bank Over Fraud
Joycot General Contractors Limited has been blacklisted by the African Development Bank (AfDB) for its involvement in fraudulent activities. As a result of ...
Kenya
Kenya: Three Companies Fined KSh 9.4 Million for Data Privacy Violations
The Office of the Data Protection Commissioner (ODPC) has imposed fines totaling KSh 9.4 million on three companies for breaches of personal data. ...
Ghana
Ghana: Bank of Ghana Boosts Reserves with $700 Million in Gold Purchases
The Bank of Ghana has bolstered its reserves by acquiring approximately $700 million worth of gold through its ‘Gold Purchasing Programme.’ Dr. Ernest ...
Ghana
Ghana Reports Trade Surplus of $2 Billion in First 8 Months of 2023, Despite Export Dip
Data released by the Bank of Ghana reveals a 9% decline in Ghana’s export earnings as of August 2023. Total exports during this ...
News
Nigeria: Chipper Cash CEO Ham Serunjogi and 2 Nigerian Americans Appointed to Joe Biden’s Advisory Council
President Joe Biden has appointed Chipper Cash CEO, Ham Serunjogi, to serve on his Advisory Council on African Diaspora Engagement. Serunjogi will join ...
News
Nigeria: Collaboration Gaps and Infrastructure Challenges Impede Digital Payment Growth in Nigeria
Nigeria, a leader in telecom adoption in Africa, faces hindrances to the growth of its digital payment system due to a lack of ...
