Kenya

Kenya Misses Tax Collection Target by $2 Billion Despite Raising Taxes

Despite the tax hikes introduced in Kenya’s 2023/2024 Finance Bill, the Kenya Revenue Authority (KRA) fell short of its tax collection target by ...

By Regtech AfricaJuly 9, 20240

Kenya

Kenya: Moody’s Downgrades Kenya’s Credit Rating After Ruto Withdraws Controversial Tax Bill

Moody’s, the credit rating agency, has downgraded Kenya’s sovereign rating to junk status, citing the country’s reduced ability to meet its debt obligations. ...

By Regtech AfricaJuly 9, 20240

Regulatory

Tanzanian Insolvency Agency to Liquidate Telco Over Unpaid Debt

The Tanzanian Registration, Insolvency, and Trusteeship Agency (RITA) has announced plans to liquidate a telecommunications company due to its failure to settle outstanding ...

By Regtech AfricaJuly 9, 20240

News

South Africa: TymeBank Appoints Karl Westvig as New CEO

TymeBank, the South African digital banking pioneer, has announced the appointment of Karl Westvig as its new CEO. This leadership change comes as ...

By Regtech AfricaJuly 9, 20240

Nigeria

Nigeria: NGX Suspends Trading of Eight Companies for Financial Reporting Defaults

NGX Regulation, the regulatory arm of the NGX Group, has announced the suspension of trading in the shares of eight companies due to ...

By Regtech AfricaJuly 9, 20240

AMA

Chad: World Bank launches an Economic report

Photo: Sunday Alamba Associated Press N’DJAMÉNA, Tchad, 8 July 2024 -/African Media Agency(AMA)/-Enhancing the economic inclusion of refugees necessitates acknowledging their economic contributions, ...

By Regtech AfricaJuly 9, 20240

Global

Global: Africhange Expands to UK, Offering Cost-Effective International Money Transfers

Africhange, a global remittance platform known for facilitating easy money transfers across Africa and North America, has launched operations in the UK. This ...

By Regtech AfricaJuly 8, 20240

Nigeria

Nigeria: National Digital Economy & e-Governance Bill Advances in Nigerian National Assembly

The National Digital Economy & e-Governance Bill has successfully passed its first reading in the National Assembly, marking a significant milestone in the ...

By Regtech AfricaJuly 8, 20240

News

Nigeria: Report Reveals Only 11% of Informal Sector Businesses Use Conventional Banks for Savings, 39.5% Use Digital Banks

As the Central Bank of Nigeria (CBN) intensifies its efforts towards financial inclusion, a new report has highlighted that only 11% of businesses ...

By Regtech AfricaJuly 8, 20240

Regulatory

Global: Banque de France and HKMA Launch Cross-Border CBDC Project

The Hong Kong Monetary Authority (HKMA) is set to become the first central banking institution outside the European Union to join the European ...

By Regtech AfricaJuly 8, 20240

Kenya Misses Tax Collection Target by $2 Billion Despite Raising Taxes

Kenya: Moody’s Downgrades Kenya’s Credit Rating After Ruto Withdraws Controversial Tax Bill

Tanzanian Insolvency Agency to Liquidate Telco Over Unpaid Debt

South Africa: TymeBank Appoints Karl Westvig as New CEO

Nigeria: NGX Suspends Trading of Eight Companies for Financial Reporting Defaults

Chad: World Bank launches an Economic report

Global: Africhange Expands to UK, Offering Cost-Effective International Money Transfers

Nigeria: National Digital Economy & e-Governance Bill Advances in Nigerian National Assembly

Nigeria: Report Reveals Only 11% of Informal Sector Businesses Use Conventional Banks for Savings, 39.5% Use Digital Banks

Global: Banque de France and HKMA Launch Cross-Border CBDC Project

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