Regulatory
Rwanda’s Central Bank Raises Lending Rate to 7.5% to Combat Inflationary Pressures
Rwanda’s central bank has announced an increase of 50 percentage points in its lending rate, raising it to 7.5%, as part of its ...
Nigeria
Nigerian Fintech Moniepoint Receives Approval for Acquisition of Kenyan Fintech Kopo Kopo
Moniepoint, a prominent Nigerian Fintech firm offering a comprehensive payments, banking, and operations platform for businesses, has been granted regulatory approval for the ...
Ghana
Ghana Revenue Authority Gains ¢440 Million in 6 Months from E-commerce Taxes
Since the latter part of 2022 when taxes were introduced on e-commerce services in Ghana, the Ghana Revenue Authority (GRA) has successfully collected ...
Ghana
Ghana: NCA Introduces West Africa’s First Digital Audio Broadcasting System
The National Communications Authority (NCA) has formally launched the trial phase of digital audio broadcasting (DAB) in the nation. This achievement positions the ...
News
Nigeria: ACOFDC’s Sub Saharan Africa MD, Kelvin Jiraji, to Attend Honorable Minister’s Welcome Reception in Nigeria
The Africa Chamber of Digital Commerce (ACOFDC) is excited to announce that Mr. Kelvin Jiraji, Managing Director for Sub Saharan Africa, will represent ...
Nigeria
Nigeria: New Guidelines Issued by Nigeria’s Central Bank for Bureau de Change Operators
The Central Bank of Nigeria has introduced fresh operational guidelines for Bureau de Change (BDC) operators in the nation, establishing their permissible limits ...
Africa
Africa: Google Introduces AI First Accelerator Program to Empower African Startups
Google has introduced the “Google for Startups Accelerator: AI First,” a pioneering initiative designed to provide support to African startups leveraging Artificial Intelligence ...
News
Nigeria: NESG Engages in Collaborative Discussion with CBN for Economic Stability
The Nigerian Economic Summit Group (NESG) engaged in a productive dialogue with the Central Bank of Nigeria (CBN) on Tuesday (August 22, 2023), ...
News
Nigeria’s Net Foreign Reserves Dipped to $3.7 Billion by the End of 2022 – JP Morgan
According to a report by JP Morgan, a prominent American multinational financial services corporation, Nigeria’s net foreign exchange (FX) reserves saw a decline, ...
News
Nigeria: FGN Bonds Face Selling Pressure, Market Demand Drops by 67%
Nigeria’s Federal Government bonds encountered challenges in the secondary market on Monday, as fixed income investors, including asset/fund managers and some pension fund ...