News
Uganda: Following Ethics Is Key in Building Trust From Customers, BOU Tells Banks
The Central Bank of Uganda has urged commercial banks to ensure they don’t compromise on following ethics or else they will lose the ...
Ghana
Ghana: Telcos ready to deactivate unregistered SIMs after November 30 deadline
The Ghana Chamber of Telecommunications has said it is poised to deactivate all unregistered SIM cards after the November 30, 2022 deadline. In ...
News
South Africa Hikes Benchmark Repo Rate to 7%
Amidst rising consumer price index, the South African Reserve Bank raised its benchmark repo rate by another 75 basis points to 7% at ...
Ghana
Ghana: African Development Fund approves $27.9 million grant
The Board of Directors of the African Development Fund has approved a $27.9 million grant that will be used in Ghana to develop ...
Côte d’Ivoire
Côte d’Ivoire: Fintech startup Djamo raises $14M to fuel its Francophone Africa expansion
Ivory Coast-based fintech startup, Djamohas closed a $14 million funding round – the largest-ever equity round for a startup in Ivory Coast – ...
Africa
Africa: BIS report finds uneven progress, differing motivations in African CBDC adoption
A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational ...
Ghana
Ghana: Complete Biometric Stage of SIM Card Registration Process – Chamber of Telecommunications
The Ghana Chamber of Telecommunications has urged all mobile subscribers to complete biometric stage of their SIM Card registration process. According to the ...
Ghana
Ghana: All mobile money transfers should be charged E-Levy – Ofori-Atta
The Minister for Finance, Ken Ofori-Atta, has announced a proposal to review the Electronic Transfer Levy (E-Levy) from its current rate of 1.5 ...
Kenya
Kenya: A third of borrowers stay on CRBs default blacklist
A third of Kenyan loan accounts are listed as defaulted with the country’s credit reference bureaus (CRBs) in an economy where Covid-induced job ...
News
Nigeria: CBN Receives Old Notes Worth N165b
The Central Bank of Nigeria (CBN) has received a total of 165 billion worth of Naira notes so far, following its call on ...