Innovation

Interswitch reiterates commitment to boost Nigeria’s tech ecosystem, supports DevFest Lagos

Africa’s leading integrated payments and digital commerce company, Interswitch, has once again restated its support for Nigeria’s technology ecosystem through its sponsorship of ...

By Regtech AfricaDecember 3, 20210

Intelligence

Zimbabwe: FCA Deposits Hit U.S.$1,72 Billion

Foreign currency account (FCA) deposits, on a broad money basis, grew by 68,85 percent in the year to September 2021, latest statistics from ...

By Regtech AfricaDecember 3, 20210

AfDB to spend additional 2bn on AfCFTA related infrastructure

Africa

AfDB Signs $35m Facility for Ecobank International Affiliates, EBI SA

The Board of Directors of the African Development Bank (AfDB) has approved a $35 million unfunded risk-sharing facility for Ecobank International affiliates, EBI ...

By Regtech AfricaDecember 3, 20210

News

Nigeria: FG announces plan to regulate Netflix and other streaming services

The Federal Government of Nigeria has hinted on new moves to introduce censorship laws and regulatory framework for Over-The-Top (OTT) streaming services and ...

By Regtech AfricaDecember 3, 20210

Kenya

Kenya: KCB cancels acquisition of Tanzanian bank

KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last ...

By Regtech AfricaDecember 3, 20210

News

Nigeria: NCC Shortlists MTNN, Airtel, Mafab for 5G Spectrum Auction

The Nigerian Communications Commission (NCC) has announced MTN Nigeria Communications Plc, Airtel Networks Ltd and Mafab Communications Ltd., as approved bidders of the ...

By Regtech AfricaDecember 3, 20210

Kenya

Kenya: Sh27bn bad loan cut drives top banks’ profits

Kenyan top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed ...

By Regtech AfricaDecember 3, 20210

News

Uganda’s Foreign Exchange Reserve Rises to Shs15 Trillion – IMF

The International Monetary Fund (IMF) has said Uganda’s foreign exchange reserve level now stands at $4.3b (Shs15.4trillion) following the disbursement of Special Drawing ...

By Regtech AfricaDecember 3, 20210

News

South Africa: SARB Publishes Interest Rate Benchmark Report

The South African Reserve Bank (SARB) has published the Technical Specification Paper (TSP) report on public comments received on the draft statement of ...

By Regtech AfricaDecember 3, 20210

Ken Ofori Atta Finance Minister 1200x600 1

Ghana

Ghana: Government to Reduce e-Levy From 1.75 Percent to 1.5 Percent – Afenyo-Markin

Deputy Majority Leader, Alexander Afenyo-Markin has said that the electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%. According ...

By Regtech AfricaDecember 3, 20210