Africa
Africa: AfDB Approves $20m Private Equity Fund for Infrastructure Projects
The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration ...
Morroco
Morocco’s Naps forms digital payments partnership with Mastercard
Mastercard and NAPS, a leading Moroccan fintech company, have initiated a collaboration to develop innovative payment solutions for individuals and businesses. The partnership ...
Nigeria
Nigeria: Reps Amend CBN Act, Raise Lending Limit To 15%
The House of Representatives has amended the Central Bank of Nigeria Act to raise the lending limit of the apex bank to the ...
News
Nigerian Government Gives Banks Approval to Print National Identity Cards for Nigerians
The Nigerian government is moving to empower banks to issue debit cards that will double as National Identity Cards to Nigerians, following the ...
News
Nigeria: CBN Revokes Licences of 132 Microfinance Banks, Others
The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. ...
Ghana
Ghana: Bank of Ghana Unveils State-of the Art Cybersecurity Infrastructure to Fight Cyber Crime
As part of broad, ongoing measures to strengthen the cyber security landscape for the banking and financial services industry in Ghana, the Bank ...
News
Nigeria: NIN enrolment hits 100 million in 2 years
The National Identity Management Commission (NIMC) has revealed that enrolment for the National Identification Number (NIN) hit over 100 million people. This was disclosed ...
News
Nigeria: CBN creates eNaira awareness among women
Central Bank of Nigeria has taken the sensitisation drive of eNaira to women during the Law Ladies Day programme in University of Lagos, ...
Kenya
Kenya: IMF Reaches Agreement with Kenya on Credit Facility
The International Monetary Fund (IMF) has reached a staff-level agreement with Kenya on the fifth review of the Extended Fund Facility and Extended ...
News
Nigeria: Sabi Raises $38 Million for B2B Marketplace Serving African Retailers
Nigeria-based B2B eCommerce firm Sabi has raised $38 million in Series B funding. This funding round values the company at $300 million, TechCrunch reported Friday (May ...