Kenya
Kenya’s Digital Lending Boom Fuels Financial Inclusion and Economic Growth
A recent report by the Digital Financial Services Association of Kenya (DFSAK) reveals that Kenyans borrow approximately $3.85 million (Ksh 500 million) daily ...
Nigeria
MTN and Airtel Africa Partner to Strengthen Network Coverage in Uganda and Nigeria
Telecommunications leaders MTN Group and Airtel Africa have entered a strategic agreement to share mobile network infrastructure in Uganda and Nigeria. This collaboration ...
Innovation
Nigeria: CBN Strengthens Youth Empowerment Through Credit Access and Capacity Building
The Central Bank of Nigeria (CBN) is reinforcing its commitment to youth empowerment by expanding access to credit and strengthening capacity-building initiatives. Under ...
Global
Global: UAE Central Bank Sanctions Five Banks for Tax Compliance Violations
The Central Bank of the UAE (CBUAE) has imposed financial penalties totaling 2.62 million dirhams ($713,310) on five banks and two insurance companies ...
Global
Global: Treasury Department Pushes for Greater Oversight of FDIC and OCC
The U.S. Treasury Department is reportedly drafting new recommendations aimed at strengthening its control over key banking regulators, specifically the Office of the ...
Nigeria
Nigeria: FG Cracks Down on Fake NIN Card Operators, Unveils Plans for Secure Multi-Purpose ID
The Federal Government has launched a crackdown on individuals and organizations illegally printing National Identification Number (NIN) cards, warning that offenders will face ...
Kenya
Kenyan Court Dismisses Lawsuit Alleging Safaricom Stole “Reverse Call” Concept
A Nairobi court has ruled in favor of Safaricom, dismissing a lawsuit filed by Davidson Ivusa, a Kenyan innovator who accused the telecom ...
Fintech
Nigeria’s NIBSS and Ceva Compete for Kenya’s Fast Payment System Project
Nigeria’s Interbank Settlement System (NIBSS) and Kenyan payment solutions provider Ceva Limited are actively lobbying Kenyan President William Ruto to secure the contract ...
Innovation
Nigeria Leads Global Shift Toward Digital Payments as Cash Usage Declines
According to a new report by Worldpay, Nigeria has emerged as the global frontrunner in reducing cash dependency, driven by the widespread adoption ...
Nigeria
Nigeria: Edun and Cardoso Strengthen Fiscal-Monetary Policy Synergy for Economic Stability
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), ...
