News

Nigeria: Private Sector Compliance with Pension Scheme Soars in First Half of 2024

In the first half of 2024, compliance with Nigeria’s Contributory Pension Scheme (CPS) surged as the National Pension Commission (PenCom) issued Pension Clearance ...

By Regtech AfricaAugust 7, 20240

Regulatory

Global: Ireland Takes Legal Action Against Elon Musk’s X Over Unauthorized Use of EU User Data for AI Training

Elon Musk’s X is facing legal action in Ireland for allegedly using the data of European users to train its AI model, Grok, ...

By Regtech AfricaAugust 7, 20240

Nigeria

Nigeria: Unity Bank Seeks ₦700 Billion CBN Support for Providus Merger

In a bid to stabilize Nigeria’s financial system, the Central Bank of Nigeria (CBN) has extended a significant financial facility to support the ...

By Regtech AfricaAugust 7, 20240

Kenya

Kenya Cuts Interest Rate to 12.75% Amid Eased Inflation

The Central Bank of Kenya (CBK) has announced a reduction in the benchmark interest rate to 12.75%, following a deceleration in inflation rates. ...

By Regtech AfricaAugust 7, 20240

Nigeria

Nigeria: National AI Strategy Draft: Concerns Over Privacy and Data Protection

On August 3, 2024, Dr. Bosun Tijani, Nigeria’s Minister of Communication, Innovation, and Digital Economy, released a draft of the ‘National Artificial Intelligence ...

By Regtech AfricaAugust 7, 20240

Africa

Africa: AfriLabs Joins ITU-D as Sector Member to Boost African Tech Innovation

AfriLabs is proud to announce its official membership with the International Telecommunication Union Development Sector (ITU-D), following its acceptance by the ITU Council ...

By Regtech AfricaAugust 7, 20240

News

Nigeria: NIN Project Gains N8.6bn from Forex Devaluation in 2023 – World Bank

The devaluation of Nigeria’s naira resulted in a foreign exchange gain of N8.6 billion for the National Identification for Development (ID4D) project in ...

By Regtech AfricaAugust 7, 20240

Nigeria

Nigeria: CBN Approves Unity-Providus Merger; SEC Review Pending

The Central Bank of Nigeria (CBN) has approved the merger between Providus Bank and Unity Bank, marking a significant step in the consolidation ...

By Regtech AfricaAugust 7, 20240

Global

Global: Bahrain achieves 89% digital transformation rate

The total electronic transactions via the National Portal, mobile apps, and other channels reached 4mln Bahrain has achieved 89 per cent digital transformation ...

By Regtech AfricaAugust 7, 20240

AMA

Kenyan talent is ready to embrace reskilling amid GenAI advances

A new report from BCG, The Network, The Stepstone Group, and local partner The African Talent Company (TATC) based on a survey of ...

By Regtech AfricaAugust 7, 20240

Nigeria: Private Sector Compliance with Pension Scheme Soars in First Half of 2024

Global: Ireland Takes Legal Action Against Elon Musk’s X Over Unauthorized Use of EU User Data for AI Training

Nigeria: Unity Bank Seeks ₦700 Billion CBN Support for Providus Merger

Kenya Cuts Interest Rate to 12.75% Amid Eased Inflation

Nigeria: National AI Strategy Draft: Concerns Over Privacy and Data Protection

Africa: AfriLabs Joins ITU-D as Sector Member to Boost African Tech Innovation

Nigeria: NIN Project Gains N8.6bn from Forex Devaluation in 2023 – World Bank

Nigeria: CBN Approves Unity-Providus Merger; SEC Review Pending

Global: Bahrain achieves 89% digital transformation rate

Kenyan talent is ready to embrace reskilling amid GenAI advances

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