Africa
SEON partners with two African neobanks
Hungary-based online fraud fighters SEON has announced new partnership agreements with two African neobanks, Carbon and FairMoney. With SEON’s help, both companies will now be able to improve ...
News
Nigeria: Construction sector caused the surge in non-performing loans – CBN
The Central Bank of Nigeria (CBN) has stated that the construction sector’s loan default was to blame for the surge of non-performing loans. ...
Regulatory
Bank of Tanzania gives ‘all-clear’ to fourth bureau de change
The Bank of Tanzania (BoT) has awarded a licence to a fourth bureau de change since closure of most of them in 2018. ...
Kenya
Kenya: CBK approves liquidation of Imperial Bank
The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s ...
Regulatory
Uganda tops Africa in Electricity Regulation – AfDB
For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development ...
Innovation
Nigeria: CBN is developing eNaira to function offline
The Central Bank of Nigeria (CBN) is working on offline use for eNaira, which will help onboard those who don’t have access to ...
News
Nigeria: Access Bank announces restructure into non-operating financial holding company
The Chairman of Access Bank Plc has issued a letter to all shareholders of Access Bank informing them about the restructuring of the ...
Nigeria
Nigeria: Sterling Bank Obtains AIP for Standalone Islamic Banking Licence
Sterling Bank Plc has informed the Nigerian Exchange and investing public that the tier-2 lender has gotten approval –in principle from the Central ...
Africa
CinetPay gets $2.4 million boost to advance digital payments in Francophone Africa
Pan-Africa focused Venture Capital firm 4DX Ventures and fintech, Flutterwave, have co-invested $2.4 million in digital finance platform CinetPay, to advance its business ...
Ghana
Ghana: Insurance Commissioner Adjudged CEO of the Year
The Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission (NIC), Dr Justice Ofori, has been adjudged the Chief Executive ...