News
Nigeria: MPC Member Raises Concerns Over Unsustainability of Tax Credit Schemes
Mike Obadan, a member of Nigeria’s Monetary Policy Committee (MPC), has expressed his view that the country’s tax credit schemes are unsustainable. In ...
Africa
Africa: Afreximbank and Fiducia Collaborate to Transform Supply Chain Finance in Africa
The African Export-Import Bank (Afreximbank) and supply chain financing firm Fiducia have entered into a strategic partnership through a Memorandum of Understanding (MoU) ...
News
Nigeria: Customers Receive N115 Billion and $22.7 Million Refunds for Failed Transactions, says CBN
The Central Bank of Nigeria (CBN) has reported that bank customers filed a total of 35,453 complaints regarding failed transactions over the past ...
Ghana
Ghana: SMEs Encouraged to Embrace Digital Technology for Business Growth
The MTN Small and Medium-sized Enterprises (SMEs) Month in Ghana has commenced with a strong message urging SMEs to leverage digital technology to ...
News
Nigerian Exchange Sustains Uptrend, Records N270 Billion Gain
The Nigerian Exchange continued its upward trajectory on Thursday (July 6, 2023), with investors enjoying a daily gain of N270 billion. This positive ...
Mozambique
Mozambique Granted $60.6 Million IMF Loan Following Second Review
Mozambique has received approval to access a $60.6 million loan after the International Monetary Fund (IMF) Executive Board completed the Second Review under ...
News
Nigeria: President Tinubu Signs Executive Orders, Suspends 5% Excise Tax on Telecoms and Other Measures
President Bola Tinubu has signed four Executive Orders, including the suspension of the five per cent Excise Tax on telecommunication services and the ...
Nigeria
Nigeria: FCCPC Prohibits PoS Operators from Increasing Prices, Threatens Sanctions
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a directive prohibiting Point of Sale (PoS) operators in Nigeria from implementing the ...
Kenya
Kenya: Absa Bank Kenya Introduces ‘Buy Now, Pay Later’ Feature for Cardholders
Absa Bank Kenya has introduced a new feature called ‘Buy Now, Pay Later (BNPL)’ that enables its cardholders to make payments in installments ...
News
Somalia: Mastercard and SomBank Collaborate to Introduce Debit Card in Somalia
In a bid to advance digital payment solutions, global payment platform Mastercard has joined forces with SomBank, an innovative financial institution in Somalia. ...