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 ...
News
Zimbabwe: Ecocash Reviews Charges
EcoCash, Zimbabwe’s largest mobile money platform, will adjust its transactional charges by an average 10 percent next month after obtaining the green-light from ...
Nigeria
Nigerian ecommerce startup Alerzo raises USD 10.5 M
Nigeria-based B2B ecommerce retail startup Alerzo has raised USD 10.5 million Series A round led by London-based Nosara Capital. In total, Alerzo has raised more ...
Regulatory
Zimbabwe: RBZ Establishes Collateral Registry
THE Reserve Bank of Zimbabwe (RBZ) is working with BSystems Limited of Ghana to operationalise the collateral registry system by year end, after ...