News
Nigeria: Fidelity Bank, SMEDAN Sign MOU to Bridge $158.1bn SMEs Financing Gap
Fidelity Bank Plc and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) to bridge $158.1billion ...
Kenya
Kenya: Ecobank Kenya Unveils Program to Support Women Entrepreneurs
Ecobank Kenya has launched a flagship program that aims to empower and support women-led businesses. Dubbed ‘Ellevate’, the program is designed for businesses ...
Global
Global: BIS Proclaims Success in Multi-CBDC Cross-Border Payment Pilot Project
As part of the experiment, several central banks participated in the mBridge project, a multi-CBDC platform for international payments. The Bank for International ...
Africa
Africa: South Sudan, Djibouti Sign MOU to Lay Fibre Optic Cable
The quickly evolving digital economy has made internet connectivity a necessity in today’s world. A fast and reliable internet connection creates new job ...
Global
Global: UPI transactions up over 3% at almost 7 billion in September 2022
UPI transactions increased by more than three percent to 6.78 billion in September from a month prior, as per the data released by ...
Global
Global: India Govt hikes interest rates on small savings schemes
The Central government has announced to raise the interest rate of small savings schemes for Q3 (from October 1 to December 31, 2022). ...
Africa
Africa: Afreximbank Launches Trade Payment Services
African Export-Import Bank (Afreximbank) has inaugurated the Afreximbank Trade Payment Services or “AfPAY”. AfPAY is an intervention designed to facilitate the settlement of ...
News
Nigeria: World Bank Approves $750m to Boost Nigeria’s Business Environment
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results, according to a statement. ...
Global
Global: Barclays awards Lloyds Bank first place in CBDC Hackathon
Taking place over two days at the bank’s fintech hub, Rise, the Barclays CBDC Hackathon saw nine teams attempt six key challenges as ...
Africa
Africa: Africa Benefits as DFC Approves 62 Deals Worth over $2.3bn
African countries benefited as U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment ...