News
Nigeria: Nigeria Identifies 96 Terrorism Financiers
The Nigerian Financial Intelligence Unit (NFIU) says it identified 96 financiers of terrorism and 424 associates/supporters of the financiers in Nigeria in 2020 ...
Uganda
Uganda: Bank of Uganda Clarifies on Bank Note Signature
Bank of Uganda reassured the public that all bank notes it has issued are still legal tender. The bank rushed to make the ...
Kenya
Kenya: Telkom surrenders half of sales to Safaricom
Telkom Kenya has revealed that it pays over half of its revenues to Safaricom and rival operators as costs for handling its calls, ...
Africa
Mozambique: Bank of Mozambique Maintains Interest Rates
The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on 26 January, decided to leave the bank’s main interest ...
Namibia
Namibia: Central Bank Enlists International Supervisory Platform to Drive Its Digital Transformation Initiative
The Bank of Namibia has selected Canadian-based application software firm SQL Power’s supervisory platform, the SQL Power Suite, as the technology framework to ...
Kenya
Kenya: T-bill holdings fall 8pc as CBK shifts more debt to bonds
The share of government’s domestic debt held in form of Treasury bills dropped by eight percentage points in 2021, reflecting the increased effort ...
Africa
Africa: Norrsken22 announces first close of $200m fund backing Africa’s future tech giants
Thirty unicorn founders are backing African tech entrepreneurs through Norrsken22, a new US$200 million tech growth fund that will invest in exceptional entrepreneurs ...
Nigeria
Nigeria: Fidelity Bank finances ultra-modern rice milling factory
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has joined the Managing Director of Fidelity Bank Plc, Mrs. Nneka ...
Africa
Tanzanian Fintech Raises $10 Million, Plans to Enter 12 More African Countries
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to ...
Africa
Africa: Experts see new pan-African payment platform reducing dollarisation, saving $5bn on transaction costs
MANY African countries carrying out financial transactions now have a better alternative with the recently launched Pan African Payment Systems Platforms (PAPPS), analysts ...
