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 ...
Global
Global: Taiwan’s Central Bank Prioritizes Steady Progress Over Speed in CBDC Development
Yang Chin-long, President of the Central Bank of the Republic of China, emphasized that the development of a central bank digital currency (CBDC) ...
Africa
ECOWAS to Launch Single Currency ‘ECO’
Finance Ministers and Central Bank Governors from the 15-member Economic Community of West African States (ECOWAS) are advancing plans to launch a single ...
News
Nigeria: NIGCOMSAT and Momas Partner to Enhance Communication Infrastructure
To bolster communication infrastructure within Nigeria’s defense sector, Nigerian Communications Satellite Limited (NIGCOMSAT) and Momas Equipment and Protective Applications International Limited (Momas-EPAIL) have ...
News
Nigeria: FX Reserves Increase by $110 Million in 24 Hours, Reach $34.7 Billion
Nigeria’s foreign exchange reserves have surged to a new high of $34.7 billion, according to data released by the Central Bank of Nigeria ...
