Africa
Nigeria: Central Bank of Nigeria’s Fintech Sandbox Faces Uncertainty Months After Launch
The Central Bank of Nigeria (CBN) introduced its fintech regulatory sandbox to provide fintech innovators with a controlled environment to live test their ...
Kenya
Kenya: Safaricom Shareholders Approve Investment in Startups through New Subsidiaries
Safaricom shareholders have given their approval for the telecom company to invest in new and growing startups in the technology sector through the ...
Kenya
Kenya: Uber Introduces M-PESA Payments and Enhanced Safety Feature for Riders in Kenya
After a long-awaited integration, ride-hailing app Uber has finally introduced M-PESA payments on its platform in Kenya, allowing riders to conveniently settle their ...
Africa
Arivu and Tembekasua join forces to offer EU Deforestation compliant commodities from Africa
Arivu and Tembekasua are collaborating to create a transformative solution for sustainable and compliant agricultural trade in Africa. The integration of Arivu’s EUDR ...
News
Nigeria: Prembly Strengthens Compliance and Security Infrastructure by Acquiring Tunnel, Expanding Financial Data Capabilities across Emerging Markets
Prembly, a leading compliance and security infrastructure company for emerging markets, has announced its acquisition of Tunnel, an innovative company that empowers legitimate ...
Kenya
Kenya Halts Worldcoin’s Crypto Project Amid Safety Concerns
The Kenyan interior ministry announced on Wednesday (August 3, 2023) that it has suspended the local operations of the cryptocurrency project Worldcoin while ...
News
Nigeria: Remittances to Nigeria Expected to Reach $26 Billion by 2025 Despite Central Bank’s Policies
A recent report by Agusto & Co., a Pan-African credit rating agency, estimates that remittance flow to Nigeria is set to increase to ...
News
Nigeria: CBN Clarifies Lack of Control Over Petrol and Dollar Prices
The Central Bank of Nigeria (CBN) made a statement on Wednesday (August 2, 2023), clarifying that it does not have control over the ...
News
Nigeria: Olu Akanmu Steps Down as Opay Nigeria President and Co-CEO after Two Years
Olu Akanmu, the president and co-CEO of Opay Nigeria, announced on Monday morning that he is stepping down from his position after serving ...
News
Nigeria’s Agent Banking Association Proceeds with Price Hike Amidst Fintechs’ Contemplation of Legal Action
Despite facing resistance from the Central Bank of Nigeria, fintech companies, and customers, Point-of-Sale (PoS) operators in Nigeria are set to implement a ...