Africa
Africa: Afreximbank Aims to Double Intra-African Trade Financing to $40 Billion
The African Export-Import Bank (Afreximbank) has set an ambitious goal to double its financing of intra-African trade, aiming to reach $40 billion on ...
Global
Global: UK Banks Shift Focus Away from Metaverse Investments
The enthusiasm among UK banks for investing in technologies related to the Metaverse, such as virtual reality (VR) and augmented reality (AR), is ...
Global
Global: Visa Introduces Innovative Global Cross-Border Money Movement Solution
Visa has harnessed the capabilities of its Currencycloud acquisition to unveil an innovative global cross-border money movement service designed for various entities, including ...
Kenya
Kenyan Banks Launch Climate-Related Financial Disclosure Template to Mitigate Climate Risks
Kenyan banks unveiled a climate-related financial disclosure reporting template aimed at outlining how the nation’s commercial banks can effectively manage financial risks associated ...
News
Nigeria: Naira Declines 7% as FTSE Russell Downgrades Nigeria Index
The Nigerian Naira’s value fell by 7.08% against the US Dollar in the Investors’ and Exporters’ FX Window, closing at a rate of ...
News
Nigeria: Presidential Committee Clarifies Tax Reforms, Assures No New Taxes or Higher Rates
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has emphasized that the federal government does not intend to ...
Global
Global: China’s Central Bank Increases Oversight on Large Dollar Purchases Amid Yuan Depreciation Pressure
China’s central bank is intensifying its oversight of large dollar purchases by domestic companies, as the Chinese currency faces growing depreciation pressure. Three ...
Africa
Rwanda Aims to Lead AI Research and Development in Africa
Rwanda is gearing up to become a hub for Artificial Intelligence (AI) research and solutions in Africa, with the London-based company, InstaDeep, set ...
News
Nigeria’s Fiscal Deficit Widens to N3.68tn in First Five Months of 2023 – CBN Report
A recently released report by the Central Bank of Nigeria (CBN) reveals that the Federal Government of Nigeria recorded a fiscal deficit of ...
Global
Global: Reserve Bank of India Collaborates with Banks to Enhance Adoption of Central Bank Digital Currency (CBDC)
The Reserve Bank of India (RBI) is actively working with financial institutions to introduce new features aimed at promoting the adoption of the ...