News
Nigeria: UBA’s Group Managing Director Alawuba Appointed Chairman of CIBN Body of Banks CEOs
Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, has been appointed as the Chairman of the ...
News
Nigeria: World Bank Appoints Ndiamé Diop as New Country Director for Nigeria
The World Bank has appointed Dr. Ndiamé Diop as the new Country Director for Nigeria, succeeding Shubham Chaudhuri. Dr. Diop officially assumed the ...
Africa
African Remittance App Nala Raises $40 Million to Go Global
Money transfer fintech Nala has secured $40 million in Series A funding to drive its global expansion and enhance payment reliability to Africa ...
Kenya
Kenya Misses Tax Collection Target by $2 Billion Despite Raising Taxes
Despite the tax hikes introduced in Kenya’s 2023/2024 Finance Bill, the Kenya Revenue Authority (KRA) fell short of its tax collection target by ...
Kenya
Kenya: Moody’s Downgrades Kenya’s Credit Rating After Ruto Withdraws Controversial Tax Bill
Moody’s, the credit rating agency, has downgraded Kenya’s sovereign rating to junk status, citing the country’s reduced ability to meet its debt obligations. ...
News
South Africa: TymeBank Appoints Karl Westvig as New CEO
TymeBank, the South African digital banking pioneer, has announced the appointment of Karl Westvig as its new CEO. This leadership change comes as ...
Global
Global: Africhange Expands to UK, Offering Cost-Effective International Money Transfers
Africhange, a global remittance platform known for facilitating easy money transfers across Africa and North America, has launched operations in the UK. This ...
News
Nigeria: Report Reveals Only 11% of Informal Sector Businesses Use Conventional Banks for Savings, 39.5% Use Digital Banks
As the Central Bank of Nigeria (CBN) intensifies its efforts towards financial inclusion, a new report has highlighted that only 11% of businesses ...
Ghana
Ghana: Moody’s to Upgrade Ghana Ratings After Eurobond Debt Restructuring
Moody’s Ratings has indicated a potential upgrade for Ghana’s credit rating following the country’s Eurobond exchange. In a recent note, the global rating ...
News
Niger Telecoms to Expand Reach to Remote Areas with 16 New Sites
Niger Telecoms has announced the installation of 16 new sites to extend mobile telephony services to remote areas. The company highlighted the importance ...