Nigeria
NIMC to Conclude NIN Registration by 2025
The Director General of the National Identity Management Commission (NIMC), Aliyu Aziz, has said the agency is targeting to enrol the entire population ...
Nigeria
NAICOM gives insurance companies additional one year to recapitalise
In the meantime, the insurance companies are expected to meet at least half of the capital requirements by the end of 2020. The ...
Startup
Nigerian startup, Jamborow raises $400k for blockchain-based fintech platform
Nigerian startup, Jamborow has reportedly raised $400,000 from its shareholders to expand its blockchain-based B2B fintech platform. The investment will help the startup ...
Kenya
Kenya Seeks to Introduce Cashless Payments in public transport
Kenyan’s National Transport and Safety Authority (NTSA) plans to introduce a cashless payment system in public transport. The authority recently called for bids ...
Startup
South Africa’s Mama Money Expands Global Reach with Western Union
Western Union, a leader in cross-border, cross-currency money movement and payments, and Mama Money, a rapidly growing international money transfer company, have joined forces ...
Nigeria
Foreign reserves gained $2.7bn in one month –CBN
The nation’s foreign reserves rose by $2.7bn in May after declining for several months, figures from the Central Bank of Nigeria showed on ...
Startup
Ugandan on-demand startup Logistify AI on a mission to address warehousing issues in Africa
Growing up in rural Uganda, Daniel Emaasit and Tobias Tukei helped their parents operate their family warehouse and farm. For more than 20 years they struggled to ...
Uganda
UGANDA – MTN and Airtel re-instate mobile money sending charges
Telecom giants MTN and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to ...
Rwanda
When Digital Payment Goes Viral – Lessons from COVID-19’s Impact on Mobile Money in Rwanda
A new report released by Insight2Impact showed that Peer-to-Peer transfers grew from Rwf10.7billon ($11million) on March 15, when the lockdown began, to Rwf24billion ($25.6million) a ...
Regulatory
UGANDA: Bill to regulate mobile money transactions gets committee’s nod
The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda ...
