Nigeria
Nigeria: CBN asks banks to block accounts of 18 companies
The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all ...
Innovation
Nigeria: Upperlink secures PCIDSS licence for payment gateway deployment in Africa
Upperlink, a payment solution service provider licenced of the central bank of Nigeria, has secured the Payment Card Industry Data Security Standard (PCIDSS) ...
Africa
Namibia: Overall Inflation for 2021 Projected to Average Around 3.9 Percent – Central Bank
The country’s overall inflation is projected to average around 3.9% for 2021, slightly higher than the previous forecast of 3.6%, said the central ...
Africa
Angola: Parliament Discusses Changes to Central Bank Law
The National Assembly on Thursday (19) is due to analyse, discuss and vote on the Proposed Revision of the National Bank of Angola ...
Africa
Cyberattacks in Africa surge, hitting 85 million in just 6 months
In Africa, malware attacks have become rife and in the first half of 2021, various countries exhibited strong growth in all malware types ...
Kenya
Kenya’s CashBackApp raises $475k pre-seed funding round for expansion
Kenyan customer loyalty startup CashBackApp has raised a US$475,000 pre-seed funding round to help scale its service in Kenya and prepare for expansion ...
Ghana
Ghanaian fintech Waya sees strong growth propel it into other African markets
Ghana-based payments startup Waya is seeing month-on-month growth of between 20 per cent in its three existing markets, prompting it to launch expansion ...
Egypt
EGYPT: REMITTANCES FROM EGYPTIAN EXPATRIATES RECORD $28.5B IN 11 MONTHS, $2.6B IN MAY
Remittances from Egyptian expatriates increased 13 percent or $3.3 billion during 11 months from July to May of 2020/2021, recording $28.5 billion, compared ...
Nigeria
CBN Moves to Strengthen Cybersecurity in Other Financial Institutions
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation in order to ...
Ghana
Bank of Ghana Urged to Resist Developing a CBDC Based on ‘Old Traditional Siloed Financial Thinking’
A Ghanaian blockchain and crypto association, Afroblocks, has warned the Bank of Ghana (BOG) to resist the urge to develop a central bank ...