Innovation
DP World Launches E-Commerce Platform DUBUY.com in Kenya
The wholesale platform brings efficient, reliable B2B eCommerce to Kenya, enabling market access for businesses of all sizes Backed by leading global logistics ...
News
Nigeria: Lack of regulation affecting cryptocurrency probe, says EFCC
The Economic and Financial Crimes Commission has said lack of regulation of the operation of cryptocurrency is a major challenge inhibiting its investigations. ...
South Africa
South Africa: Fidelity, Visa and Kingsway Back South African Fintech Jumo in $120m Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in ...
Intelligence
Nigeria’s private sector borrowing hits record high of N33.8 trillion
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021. This is according to data ...
News
Nigeria: Court sentences ex-Pension boss, Maina to 8 years in prison for money laundering
The Federal High Court sitting in Abuja, on Monday, convicted and sentenced the former Chairman of the defunct Pension Reform Task Team, PRTT, ...
News
Nigeria: UBA to terminate $500 million Eurobond early ahead of fresh debt offering
United Bank for Africa (UBA) will invite interests from holders of its $500 million Eurobond due for maturity in 2022 for redemption ahead of ...
Kenya
Kenya: Central Bank suspends CRB listing of loans under Sh5 million
Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the credit reference bureaus (CRBs) while those already blacklisted ...
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 ...
