Egypt
Egypt: MAF Global Solutions enters deal with ITIDA for first shared service center
Egypt’s ITIDA just signed a cooperation agreement with Majid Al Futtaim Global Solutions to set up shared services centers across Egypt. The event took place in the ...
Ghana
Bank of Ghana wins in international arbitration against Sibton Switch Limited
The Bank of Ghana (BoG) has won an international arbitration of $478million against Sibton Switch Limited. The case adjudicated under the auspices of ...
Intelligence
Nigeria: Telecoms data usage rises by 202% in three years – NCC
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission. According to the ...
Kenya
Kenya: Banks, CBK hold talks on return of mobile cash transfer charges
Banks are in talks with the Central Bank of Kenya (CBK) to reinstate charges on customers’ transfer of money from bank accounts to ...
Africa
Seychelles to Launch Year-Long Trial As Country Moves Closer to a Digital Economy
A new steering committee will begin work next week to turn the Seychelles into a digital economy, making way for a more open ...
Kenya
Kenya: KCB Group PLC Completes Acquisition of Popular Bank of Rwanda
KCB Group PLC has completed the acquisition of Banque Populaire du Rwanda Plc (BPR) from Atlas Mara Mauritius Limited and Arise B.V. This ...
Regulatory
Uganda: Bou Issues Tough Rules for Bankers
Bank of Uganda (BoU) plans to increase the paid-up capital requirements of financial institutions in the country in a move that could make ...
Egypt
Egypt: MaxAB raises extra $15M and acquires Morocco startup WaystoCap
MaxAB, an Egypt startup secures additional funding in the first round since July from existing investment worth $15 million raising the total sum ...
Africa
Senegal: Kai attracts investment from Mobility 54 Investment SAS
Mobility 54 Investment SAS (Mobility54) is the CVC corporate venture capital arm of Toyota Tsusho Corporation and CFAO SAS which took part in a Pre-series ...
News
Nigeria: CBN threatens prosecution of forex policy defaulters
Nigerian banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of Nigeria. The ...