Fintech
Uganda: MTN Group Fintech and Paysky Launch Market by MoMo to Transform Uganda’s E-Commerce Landscape
MTN Group Fintech, in collaboration with Paysky, has introduced Market by MoMo, a revolutionary e-commerce platform designed to enhance digital trade for Ugandan ...
Nigeria
Nigeria: Naira Strengthens Slightly as CBN Pauses FX Interventions
The Nigerian naira recorded a modest gain against the US dollar in local currency markets, following a temporary halt in foreign exchange (FX) ...
Nigeria
Nigerian Diaspora Remittances Exceed $90 Billion in Five Years, Driving Economic Growth
Over the past five years, Nigerians in the diaspora have remitted more than $90 billion, playing a vital role in economic development and ...
Madagascar
Madagascar Secures $101 Million IMF Funding to Bolster Economic Stability
Madagascar has successfully secured a $101 million loan from the International Monetary Fund (IMF) following the completion of the 2024 Article IV consultation. ...
Africa
Nigeria: Interswitch Leads AI Adoption to Drive Workforce Evolution and Economic Growth
Interswitch Group, a leading player in Africa’s payments and digital commerce sector, is reinforcing the transformative role of Artificial Intelligence (AI) in shaping ...
Fintech
Flutterwave Secures Payment System License in Zambia, Strengthening Digital Payment Solutions
Flutterwave has taken a major step forward in its African expansion strategy by securing a Payment System License from the Bank of Zambia. ...
Nigeria
Nigeria: Naira Strengthens as CBN Maintains FX Liquidity for Banks and BDCs
The Nigerian naira continues to hold firm against the US dollar, buoyed by the Central Bank of Nigeria’s (CBN) sustained foreign exchange (FX) ...
Africa
MTN Group Fintech Partners with Network International to Expand Digital Payments Across Africa
MTN Group Fintech, a leading provider of mobile financial services in Africa, has partnered with Network International, a key player in digital ...
Nigeria
Nigeria: SEC Cuts Approval Time to 14 Days, Enhancing Capital Market Efficiency
The Securities and Exchange Commission (SEC) has significantly streamlined its capital market approval process, reducing the timeline for companies raising capital from over ...
Nigeria
Nigeria’s Banking Fraud Surges to N52bn Over Four Years – NIBSS
The scale of fraudulent transactions within Nigeria’s banking sector has escalated dramatically, surging from N11 billion in 2020 to N52 billion in 2024, ...