News
Nigeria: CBN to fast-track financial inclusion with launch of SabiMONI
As the Central Bank of Nigeria continues efforts to ensure more Nigerians have access to financial services, it has launched a digital platform ...
News
Nigeria: CBN unveils platform to promote financial literacy
The Central Bank of Nigeria, on Monday (May 15, 2023), unveiled an e-learning platform, SabiMONI, to promote financial literacy and deepen financial inclusion. ...
Africa
Africa: MTN Plans $320mn Fibre Cable to Connect African Countries
Telecommunication service provider, MTN Group, has announced a plan to build a $320 million inland fibre cable to connect ten countries across Africa ...
News
Nigeria: Fintech M-KOPA raises $250m to scale high-impact business across Africa
Business passes 3 million customer milestone and unlocks $1B in credit financing for customers M-KOPA, a leading fintech platform, today announced it successfully ...
News
Nigeria: PenCom approves commercial, non-interest banks as mortgage lenders
The National Pension Commission has listed 26 commercial banks by the Central Bank of Nigeria as its approved mortgage lenders. It also listed ...
Egypt
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
Egypt’s government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement ...
Egypt
Egypt’s Balad Secures Funding for Digital Remittance Platform Launch and Expansion
Balad, a Cairo-based fintech startup focused on remittances, has received a pre-seed investment of seven figures in USD led by Acasia Ventures, an ...
Nigeria
Nigeria: Banks get 30-day deadline to close accounts without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). ...
Ethopia
Ethiopia: NBE Grants Mobile Money License to Safaricom’s M-Pesa
The National Bank of Ethiopia (NBE) says today it has issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, ...
News
Nigeria: NIMC Urges Improved Internet Connectivity to Drive Financial Inclusion
The National Identity Management Commission (NIMC), has stressed the need for expansion in broadband connectivity to drive financial inclusion across the country. The ...