Africa
Africa: Ayoba’s Super App Surpasses 30 Million Monthly Users in Africa
Ayoba, Africa’s leading super messaging app, has officially exceeded the impressive milestone of 30 million monthly users. This remarkable achievement underscores the rapid ...
News
Uganda: Fitch Ratings Maintains Uganda’s ‘B+’ Rating with Negative Outlook
Fitch Ratings has reaffirmed Uganda’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a negative outlook, driven by expectations of a 5.3% ...
Africa
African Union Sets Sights on Launching Its Credit Ratings Agency
The African Union (AU) is gearing up to establish its own African credit rating agency next year, aiming to address concerns that current ...
Africa
Shaping Tomorrow’s Finance Today with South Africa Traders Fair & Awards 2023
Johannesburg, South Africa – The South Africa Traders Fair & Awards 2023 is primed to claim its position as this year’s premier event ...
Regulatory
Tanzanian Fintech Tembo Gains PSP License from Central Bank of Tanzania
Tembo, a dynamic Tanzanian fintech startup dedicated to bolstering financial services infrastructure throughout Africa, has successfully secured its Payment Service Provider (PSP) license ...
Africa
Africa: Afreximbank Aims to Double Intra-African Trade Financing to $40 Billion
The African Export-Import Bank (Afreximbank) has set an ambitious goal to double its financing of intra-African trade, aiming to reach $40 billion on ...
Kenya
Kenyan Banks Launch Climate-Related Financial Disclosure Template to Mitigate Climate Risks
Kenyan banks unveiled a climate-related financial disclosure reporting template aimed at outlining how the nation’s commercial banks can effectively manage financial risks associated ...
Regulatory
Uganda Grants First Islamic Banking License, Boosting Financial Sector
The Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, has issued the inaugural Islamic banking license to Salaam Bank Limited. Atingi-Ego presented ...
News
Nigeria: Naira Declines 7% as FTSE Russell Downgrades Nigeria Index
The Nigerian Naira’s value fell by 7.08% against the US Dollar in the Investors’ and Exporters’ FX Window, closing at a rate of ...
News
Nigeria: Presidential Committee Clarifies Tax Reforms, Assures No New Taxes or Higher Rates
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has emphasized that the federal government does not intend to ...