News

Nigeria: BDC Operators Urge CBN to Adjust Exchange Rate Amid Market Disparity

The Association of Bureaux De Change Operators of Nigeria (ABCON) has issued an appeal to the Central Bank of Nigeria (CBN) to consider ...

By Regtech AfricaApril 8, 20240

News

Nigeria: CBN Focuses on Bank Recapitalization for Economic Resilience

Despite facing economic challenges that led Nigeria into recession in 2020 and drove inflation rates up to 31.7% by February this year, Nigerian ...

By Regtech AfricaApril 8, 20240

News

Nigeria: CBN Reports $950 Million Decline in External Reserves Over 17 Days

Nigeria’s foreign exchange reserves have witnessed a substantial decline, dropping by approximately $1.02 billion within a span of 18 days as the Central ...

By Regtech AfricaApril 8, 20240

Nigeria

Nigeria: Exclusion of Retained Earnings Poses Challenges for Nigerian Banks’ Recapitalization, Warns Moody’s

Moody’s Rating has cautioned that the exclusion of retained earnings from Nigeria’s deposit money banks’ (DMBs) capital base calculation will complicate recapitalization efforts ...

By Regtech AfricaApril 8, 20240

Regulatory

Global: EU’s Vestager Monitors Microsoft’s Talent Acquisition for Wider Implications

European Union regulators are closely observing Microsoft’s recent hiring spree, particularly its recruitment of most of the staff from artificial intelligence startup Inflection, ...

By Regtech AfricaApril 7, 20240

Africa

African Tech VC Funding Sees 51% YoY Drop in Q1 2024

Venture capital funding within the African tech startup ecosystem has encountered a significant downturn, as indicated by a recent report from BD funding ...

By Regtech AfricaApril 7, 20240

Regulatory

Tanzania Launches Data Protection Commission Ahead of Digital ID Implementation

Tanzania’s President Samia Suluhu Hassan has officially inaugurated the country’s Personal Data Protection Commission (PDPC), urging businesses and organizations handling personal data to ...

By Regtech AfricaApril 7, 20240

Regulatory

Global: New Zealand’s Privacy Watchdog Investigates Facial Recognition, Proposes Stricter Regulations

New Zealand’s privacy watchdog is advocating for stricter regulations governing the use of biometrics and AI technologies, such as facial recognition, amid growing ...

By Regtech AfricaApril 7, 20240

Global

Global: China’s Central Bank Launches $70 Billion Tech Re-Lending Initiative

China’s central bank has announced the establishment of a 500 billion yuan ($70 billion) re-lending program aimed at supporting the country’s science and ...

By Regtech AfricaApril 7, 20240

Russia's Federal Antimonopoly Service (FAS)

Regulatory

Global: Russian Antitrust Agency Raises Concerns with Apple Over Limited Payment Services for Users

Russia’s antitrust agency has formally reached out to Apple, expressing concerns regarding the restricted access Russian users have to comprehensive banking and payment ...

By Regtech AfricaApril 6, 20240

Nigeria: BDC Operators Urge CBN to Adjust Exchange Rate Amid Market Disparity

Nigeria: CBN Focuses on Bank Recapitalization for Economic Resilience

Nigeria: CBN Reports $950 Million Decline in External Reserves Over 17 Days

Nigeria: Exclusion of Retained Earnings Poses Challenges for Nigerian Banks’ Recapitalization, Warns Moody’s

Global: EU’s Vestager Monitors Microsoft’s Talent Acquisition for Wider Implications

African Tech VC Funding Sees 51% YoY Drop in Q1 2024

Tanzania Launches Data Protection Commission Ahead of Digital ID Implementation

Global: New Zealand’s Privacy Watchdog Investigates Facial Recognition, Proposes Stricter Regulations

Global: China’s Central Bank Launches $70 Billion Tech Re-Lending Initiative

Global: Russian Antitrust Agency Raises Concerns with Apple Over Limited Payment Services for Users

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