Kenya
Kenya: Safaricom Raises M-Pesa Transaction Limit to KSh 250,000 Following CBK Approval
Safaricom has announced an increase in the transaction limit for each M-Pesa transaction, raising it to KSh 250,000 from KSh 150,000. This move ...
Nigeria
Nigeria: DCC Advocates Urgent Regulation of Crypto Industry in Nigeria
The Digital Currency Coalition (DCC), comprising crypto asset practitioners, blockchain innovators, and founders, has emphasized the critical need for Nigeria’s federal government to ...
News
Nigeria: Naira Weakens to N995/$ on Parallel Market; Finance Minister Cites $6.8 Billion Backlog as Cause
The Nigerian naira has seen a further decline on the parallel foreign exchange market, reaching N995 to a US dollar, which is weaker ...
News
Nigeria: World Bank Approves New $700 Million Loan to Empower Adolescent Girls in Nigeria
The World Bank has granted Nigeria a fresh loan of $700 million aimed at empowering and enhancing educational opportunities for adolescent girls. This ...
News
Nigeria: FIRS Sets Ambitious Goal of Achieving 18% Tax-to-GDP Ratio in 3 Years
The Federal Inland Revenue Service (FIRS) has revealed its efforts to significantly boost Nigeria’s tax-to-Gross Domestic Product (GDP) ratio, aiming to raise it ...
News
Nigeria: CBN Indefinitely Postpones September MPC Meeting
The Central Bank of Nigeria (CBN) has officially announced the indefinite postponement of its scheduled September bi-monthly Monetary Policy Committee (MPC) meeting. The ...
Nigeria
Nigeria: CBN Launches Online License Application and Approval System for Microfinance Banks
The Central Bank of Nigeria (CBN) has introduced a new online platform for the submission of license applications by microfinance banks, marking a ...
Egypt
Egypt Maintains Interest Rate at 19.25% in September 2023 Meeting
In its September 2023 meeting, the Central Bank of Egypt opted to keep its key overnight deposit rate unchanged at 19.25%, maintaining the ...
Ghana
Ghana: Mastercard’s Inaugural Fintech Day in Ghana Fuels Financial Inclusion and Innovation
In a groundbreaking event for West Africa, Mastercard hosted its first-ever Mastercard Fintech Day in Accra, Ghana. This gathering brought together influential figures ...
Kenya
Kenya: Andrew Musangi’s Nomination as CBK Board Chairperson Gets National Assembly’s Approval
The National Assembly has given its approval for the nomination of Andrew Musangi as the next chairperson of the Central Bank of Kenya ...