News

Nigeria: Court frees Justice Ofili-Ajumogobia of money laundering charges

A Federal High Court in Lagos has freed Justice Rita Ofili-Ajumogobia from money laundering charges brought against her by the Economic and Financial ...

By Regtech AfricaNovember 21, 20210

Nigeria

Nigeria: NCC plans to revitalise telecom special numbering service segment

The Nigerian Communications Commission (NCC) is taking a decisive regulatory move to ensure sustainability, profitability and fair competition in the Special Numbering Service (SNS) segment of the ...

By Regtech AfricaNovember 21, 20210

Innovation

Uganda: MTN Increases Senkyu Points On Momo Withdrawals and Makes Sending Money Free On Momo App

MTN Mobile Money Ltd has increased the number of Senkyu points a customer gets to 15 points for every Shs100 charged in MoMo ...

By Regtech AfricaNovember 20, 20210

Ghana

Ghana: Republic Bank Launches Digital Suite Mobile Platform

Republic Bank has launched the Digital Suite platform which provides unique mobile services for customers to perform all financial transactions. The digital suite, ...

By Regtech AfricaNovember 20, 20210

Egypt

Egypt: CBE – Women to Have Two Seats in All Banks’ Boards Under Sisi’s Directives

Central Bank of Egypt (CBE) Governor Tarek Amer said the decision of granting two seats of banks’ boards for women came within the ...

By Regtech AfricaNovember 20, 20210

Africa

Seychelles Bankers Association Cautions on Fraudulent Online Transactions

The Seychelles Bankers Association is advising people to be more careful about who they share their bank details with after a number of ...

By Regtech AfricaNovember 20, 20210

Intelligence

Nigeria leads Africa with $18bn as global remittances hit 7.3%

Nigeria again led the rest of Africa as remittances to low- and middle-income countries are projected to register a 7.3 percent to reach $589 ...

By Regtech AfricaNovember 20, 20210

South Africa

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business ...

By Regtech AfricaNovember 20, 20210

Nigeria

Nigeria: Purchasing Transformers, Poles not Responsibility of Electricity Consumers – FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC), has declared that it is not the responsibility of electricity consumers/customers or communities to buy, ...

By Regtech AfricaNovember 20, 20210

Global

India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report

India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce ...

By Regtech AfricaNovember 20, 20210