News
Nigeria: CBN says foreign currency deposit by banks reduced significantly in 2020
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money Banks (DMBs) due ...
Innovation
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks. Zimbabwe has been paying attention to the increasing ...
Africa
IFC Partners with Liquid Intelligent Technologies to Boost Africa’s Digital Infrastructure
IFC’s latest investment in Liquid follows its investment in the company in February 2021 through Liquid’s bond placement on Euronext Dublin, Ireland’s main ...
News
Tanzania: Insurance Sector Set for Reforms As New Policy Is in Offing
Tanzanian new national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable ...
Africa
Angola: World Bank Vice Presidents in Angola for New Partnerships
The World Bank Regional Vice-President for Eastern and Southern Africa, Hafez Ghanem, arrives in Angola on the 8th of this month, for a ...
Ghana
Ghana: Market Conditions Stop Eurobond Plan, Local Bond Yields Peak
Ghana’s effective loss of access to international markets increases risks to its ability to meet medium-term financing needs, says Fitch Ratings. The government ...
Kenya
Kenya: Absa loses Supreme Court push in credit card royalties tax duel
Absa Bank has lost a bid to challenge a decision of the Court of Appeal allowing the Kenya Revenue Authority (KRA) to collect a ...
Intelligence
Nigeria: Fake N1000, N500 notes declined in 2020 – CBN
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent ...
News
SA: MTN in bid to buy Telkom
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”. Telkom has so ...
Africa
Namibia: Paratus, MTN, sign Namibia’s first roaming agreement
Paratus and MTN said this week that they have signed a national roaming agreement in Namibia, the first of its kind in this ...