Federal Trade Commission (FTC) Chair Lina Khan

Regulatory

Global: AI Companies’ Regulatory Evasion Efforts Meet Skepticism from Antitrust Authorities

Attempts by AI firms to advocate for a lax regulatory approach have met with skepticism from antitrust regulators, according to recent remarks from ...

By Regtech AfricaApril 16, 20240

News

Nigeria: Finance Minister Edun Commends SecureID for Advancing Nigeria’s Digital Transformation

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently commended SecureID Limited, a leader in smartcard manufacturing, for ...

By Regtech AfricaApril 16, 20240

Regulatory

Global: EC and CFPB Collaborate on AI, BNPL, and Big Tech Financial Risks

In response to growing concerns around Big Tech’s role in financial services, artificial intelligence (AI) in lending, and the burgeoning popularity of buy ...

By Regtech AfricaApril 16, 20240

CBN Reduces Interest Rates on 1-Year Treasury Bills by 42.4 Basis Points to 20.7%

Nigeria

Nigeria: CBN Reduces Treasury Bill Interest Rates Amid High Demand

The Central Bank of Nigeria (CBN) has adjusted interest rates on long-term treasury bills at the primary market auction due to overwhelming subscriptions ...

By Regtech AfricaApril 15, 20240

Ghana

Ghana Struggles to Secure Debt Restructuring Deal with International Bondholders

Ghana has not succeeded in reaching an agreement on restructuring approximately $13 billion of its external debt with two groups of international bondholders, ...

By Regtech AfricaApril 15, 20240

Ghana

Ghana: Bank of Ghana Set for Early Recapitalization, MoU with Finance Ministry Pending – Dr. Addison

Dr. Ernest Addison, Governor of the Bank of Ghana, has announced forthcoming plans for the early recapitalization of the central bank following comprehensive ...

By Regtech AfricaApril 15, 20240

News

Nigeria: Broadband Coverage in Nigeria Dips, Highlighting a $461 Million Investment Shortfall

As of January, Nigeria’s broadband penetration rate has decreased to 42.53%, with active subscriptions reaching 92.19 million, which highlights a significant shortfall given ...

By Regtech AfricaApril 15, 20240

News

Nigerian Bond Yields Drop as Market Anticipates Upcoming DMO Auction

The average yield on Nigerian Government bonds has seen a slight decline to 19.3% in the secondary market, driven by a surge in ...

By Regtech AfricaApril 15, 20240

Global

Global: IMF Report Reveals $12 Billion Lost by Financial Institutions to Cyberattacks in Two Decades

The International Monetary Fund (IMF) has reported that financial institutions globally have suffered losses totaling $12 billion due to cyberattacks over the past ...

By Regtech AfricaApril 14, 20240

Kenya

Kenya: Mastercard and Equity Bank Forge Alliance to Boost Cross-Border Payments in Kenya

Mastercard, a leading global payments company, has entered into a strategic partnership with Equity Bank, a top financial services provider based in Nairobi. ...

By Regtech AfricaApril 14, 20240

Global: AI Companies’ Regulatory Evasion Efforts Meet Skepticism from Antitrust Authorities

Nigeria: Finance Minister Edun Commends SecureID for Advancing Nigeria’s Digital Transformation

Global: EC and CFPB Collaborate on AI, BNPL, and Big Tech Financial Risks

Nigeria: CBN Reduces Treasury Bill Interest Rates Amid High Demand

Ghana Struggles to Secure Debt Restructuring Deal with International Bondholders

Ghana: Bank of Ghana Set for Early Recapitalization, MoU with Finance Ministry Pending – Dr. Addison

Nigeria: Broadband Coverage in Nigeria Dips, Highlighting a $461 Million Investment Shortfall

Nigerian Bond Yields Drop as Market Anticipates Upcoming DMO Auction

Global: IMF Report Reveals $12 Billion Lost by Financial Institutions to Cyberattacks in Two Decades

Kenya: Mastercard and Equity Bank Forge Alliance to Boost Cross-Border Payments in Kenya

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