Nigeria
Nigeria: CBN Says Rate Cut to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has described its recent 50 basis point reduction in the Monetary Policy Rate (MPR) as a deliberate ...
Africa
Africa: Mastercard Strengthens Partnership with Smile ID to Advance Digital Identity Across Africa
Mastercard has expanded its strategic partnership with Smile ID, a leading African identity verification provider, to scale secure digital identity solutions across the ...
South Africa
SA: Street Wallet Acquires Tipping Startup Digitip to Drive Financial Inclusion for Informal Workers
South African fintech Street Wallet has announced the acquisition of Digitip, a tipping startup founded in 2023 to enable informal workers and service ...
Nigeria
Nigeria: PenCom Approves Foreign Currency Investments for Pension Funds
The National Pension Commission (PenCom) has issued new guidelines allowing Pension Fund Administrators (PFAs) to invest part of Nigeria’s ₦24.6 trillion pension assets ...
News
Nigeria: Alert MFB Launches Digital Banking Platform to Boost SME Growth
Alert Microfinance Bank (MFB) has rolled out a Business Banking Platform designed to streamline financial operations for entrepreneurs and small businesses, in a ...
News
Nigeria: CBN Governor Cardoso Confirms 14 Banks Have Met New Capital Requirement
The Central Bank of Nigeria (CBN) has announced that 14 Nigerian banks have successfully complied with the new capital requirements under its ongoing ...
Kenya
Kenyan Remittance Startup Bonto Shuts Down Two Years After Launch
Nairobi-based remittance fintech Bonto Kenya has shut down operations just two years after launch and less than eight months after receiving regulatory approval ...
Kenya
Kenya: Pesalink–TendePay Alliance Targets Faster Payments for Kenyan SMEs
Kenya’s small and medium-sized enterprises (SMEs) are set to benefit from faster, high-value transactions following a new partnership between Pesalink and Nairobi-based fintech ...
Nigeria
Nigeria: CBN Cuts Interest Rate to 27%, OPS Pushes for Deeper Credit Relief
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27.0%, marking the first cut in ...
Nigeria
Nigeria: PenCom to Roll Out Minimum Pension Guarantee Under Pension Revolution 2.0
The National Pension Commission (PenCom) has unveiled plans to introduce a Minimum Pension Guarantee (MPG) as part of its Pension Revolution 2.0, a ...
