News
Senegal: World Bank Approves $150 Million for Digital Economy Acceleration Project
Like most African countries, Senegal has been undertaking its digital acceleration project in recent years. To carry out this project, the country can ...
News
Sierra Leone: Smart Africa launches its digital academy in Sierra Leone
For its sixth academy on the continent, Smart Africa Alliance has chosen Sierra Leone. In partnership with the local government, the think tank ...
News
Zambia: IMF, Zambia Reach Agreement on Extended Credit Facility
An International Monetary Fund (IMF) has reached staff–level agreement with Zambia on an extended credit facility window to support the country’s economic position. ...
Ethopia
Ethiopia: MasterCard, EthSwitch partner to boost digital payments adoption in Ethiopia
Ethiopia’s national payment switch EthSwitch, has signed a Memorandum of Understanding (MoU) with Mastercard that will enable financial institutions across Ethiopia to boost ...
Ghana
Ghana: Charges undisclosed to borrowers in loan agreements null and void – BoG
The Bank of Ghana (BoG) has announced that charges that are not disclosed to a borrower in a loan agreement should be considered ...
Kenya
Kenya: Banks enter full compliance with stricter capital rules
The five-year reprieve that allowed banks to avoid making provisions for some loans has come to an end, with the lenders now set ...
News
Nigeria: CBN Set to tighten KYC in the Nigerian Financial System
The Central Bank of Nigeria (CBN) has recently made an announcement to address the increasing incidents of fraud in the financial sector. As part of ...
Global
Global: UAE issues new Dh1,000 banknotes for circulation
The UAE Central Bank on Thursday issued new Dh1,000 banknotes that will be available at banks and exchange houses from next Monday. Made of eco-friendly ...
News
Nigeria: Fidelity, FCMB, 6 Banks Get CBN’s Approval to Operate Internationally as Others Get National, Regional Status
The CBN says there are eight commercial banks in Nigeria licensed to operate outside the country. The apex bank also provided a breakdown ...
News
Nigeria: Sterling Bank Changes to Holding Company, Unveils Two Banking Subsidiaries, Gets CBN Approval
Sterling Bank Plc announced on Thursday, April 6, 2023, that it had completed an essential step in its ongoing efforts to shift from ...
