News
Nigeria: CBN Announces Plan to Stop FX Sales to Banks
The Central Bank of Nigeria (CBN) has indicated a plan to stop selling dollars and other foreign currencies to banks as part of ...
Startup
Uganda: Ugandan fintech startup ChapChap secures funding round
ChapChap, a Ugandan fintech startup that creates reliable financial profiles for MSMEs, has secured a funding round from Nordic Impact Funds to accelerate ...
Kenya
Kenya: Kenya’s Central bank opens public discussion on CBDC
The Central bank of Kenya (CBK), has published a discussion paper on its Central Bank Digital Currency (CBDC), while seeking public comments on the potential ...
News
Nigeria: CBN explains how diaspora remittances increased from $6 million to $100 million weekly
The Central Bank of Nigeria (CBN) has said that its foreign exchange policies especially the Naira4Dollar scheme has led to significant improvement in ...
Africa
Africa: Africa GDP falls by $165bn —Adesina
President of African Development Bank, AfDB, Dr. Akinwunmi Adesina, has lamented the dwindling economic fortunes of the African continent which he said had ...
Kenya
Kenya: CBK to Introduce Another Currency in Kenya
The Central Bank of Kenya (CBK),has released a well-thought-out discussion paper detailing why it is important to officially launch digital currencies in Kenya. In the ...
News
Uganda: SEACOM buys Africell Uganda assets – continues East Africa expansion
Pan-African telecommunications service provider SEACOM has announced it will acquire selected infrastructure assets from Africell in Uganda as it continues with expanding its footprint in ...
News
Uganda: BoU Makes Case for Digital Banking Solutions As KCB Launches New Online Platforms
The Bank of Uganda Executive Director of the Bank Supervision, Tumubweine Twinemanzi has said that banks ought to digital banking solutions or else ...
Kenya
Kenya: Lending rate stuck at 12pc as banks await CBK’s nod
Average bank lending rates remained flat last year despite demand for credit going up as the economy rebounded, with banks unable to get ...
News
Zimbabwe: Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling ...
