News
Nigeria: We must tackle oil theft to build reserves, enhance Naira stability -Emefiele
Governor, Central Bank of Nigeria, CBN, Emefiele has said that tackling the problem of oil theft is critical to building robust foreign exchange ...
Ghana
Ghana: Average lending rate hits 31.40% in October 2022 – BoG
Average lending rates of commercial banks hit 31.40% per annum as of the end of October 2022, the Bank of Ghana’s November 2022 ...
Africa
Africa: BIS Report on CBDC Highlight Improved Payment Systems, Others as Motivation For CB’s
A recent study by the Bank for International Settlements has observed that Central Banks are motivated to develop a digital currency, to allow ...
News
Nigeria: NGX, IFC Sign MoU to Deepened Green Bond Sustainability in Nigerian Capital Markets
Nigerian Exchange Limited (NGX) and International Finance Corporation (IFC), have signed a Memorandum of Understanding (MoU) to further deepened green bond sustainability in ...
South Africa
SA: Revio Raises $1.1 million to Solve Payments Challenge in Emerging Markets
API payment and collections company Revio has closed a $1.1 million seed funding round led by SpeedInvest. The funding will be used to ...
News
Nigeria: ICT contributed 15.35% to Nigeria’s real GDP in Q3 2022
Activities in the Nigerian Information and Communications Technology (ICT) sector contributed 15.35% to the country’s real Gross Domestic Product (GDP) in Q3 2022. ...
Ghana
Ghana: AirtelTigo Launches eSIM Service in Ghana for Its Customers
Telecom network operator AirtelTigo has introduced an Embedded SIM (eSIM) service in Ghana. Users with eSIM-compatible phones like the iPhone will no longer require physical SIM cards, ...
News
SA: Treasury notes Fitch’s BB- rating for South Africa
Treasury said it had noted rating agency Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at BB- and ...
Ghana
Ghana: GH¢3 billion paid to SSNIT pensioners in 11 months
The Social Security and National Insurance Trust (SSNIT) has made pension payments totalling GH¢3.06billion to pensioners in the first 11 months of this ...
Ethopia
Ethiopia: EthSwitch concluded a very successful fiscal year – 2021/22, despite adverse economic circumstances created by numerous challenges both domestically and internationally
In the fiscal year 2021/22, EthSwitch S.C., Ethiopia’s National Switch, had an outstanding results across the board in terms of its operational activities, ...