Regulatory
SA: Financial authority suspends licence of ZAR X exchange
ZAR X faces possible cancellation of its licence in three months due to non-compliance with liquidity and capital adequacy requirements The Financial Sector ...
Regulatory
Rwanda: Regulator warns MTN over poor network connection
Rwanda Utilities Regulatory Authority (RURA) has ordered local telecommunications company MTN Rwandacell Plc to solve all problems related to its call services. In ...
Nigeria
Nigeria: Awabah accepted into Techstars London accelerator programme
Awabah, the Nigeria-based startup providing pension access to Africa’s informal sector, has been accepted into the Techstars London accelerator programme. The company broke ...
Ghana
Ghana: Interrogate high lending rates by banks – Addo charges new BoG Board
President Akufo-Addo has charged the newly constituted Governing Board of the Bank of Ghana (BoG) to investigate the high-interest rates charged on loans by commercial ...
News
Sterling Bank and Founders Institute partner to connect Nigerian early-stage founders with resources and opportunity
Sterling Bank, regarded as Nigeria’s most technologically advanced financial institution has partnered with the global accelerator program, Founder Institute (FI), to connect early-stage founders in ...
News
CBN Interventions: NIRSAL MFB disburses N440B
NIRSAL Microfinance Bank (NMFB) has disbursed a total of N439.74 billion to 711,706 beneficiaries under the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) and ...
News
Standard Bank unveils plan to become a digital ‘platform’ company
Standard Bank will within years transform into a marketplace where clients can also access rivals’ products and a variety of services beyond just banking, ...
Nigeria
Nigeria: CBN pegs microfinance banks loan per transaction at N1m
The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks (MfBs) at N1 million per transaction. The apex bank ...
Africa
MENA mobility provider Swvl acquires Shotl in expansion to Europe, LATAM and APAC
MENA mass transit and mobility solutions provider Swvl has announced plans of acquiring a controlling interest in Shotl, a mass transit platform partnering with corporations and ...
Africa
8 African fintech startups selected for GreenHouse Lab accelerator programme
Eight African fintech startups have been selected to participate in the latest edition of the GreenHouse Lab accelerator, securing access to funding and ...