Global
Global: India Govt hikes interest rates on small savings schemes
The Central government has announced to raise the interest rate of small savings schemes for Q3 (from October 1 to December 31, 2022). ...
Africa
Africa: Afreximbank Launches Trade Payment Services
African Export-Import Bank (Afreximbank) has inaugurated the Afreximbank Trade Payment Services or “AfPAY”. AfPAY is an intervention designed to facilitate the settlement of ...
News
Nigeria: World Bank Approves $750m to Boost Nigeria’s Business Environment
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results, according to a statement. ...
Global
Global: Barclays awards Lloyds Bank first place in CBDC Hackathon
Taking place over two days at the bank’s fintech hub, Rise, the Barclays CBDC Hackathon saw nine teams attempt six key challenges as ...
Africa
Africa: Africa Benefits as DFC Approves 62 Deals Worth over $2.3bn
African countries benefited as U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment ...
Ghana
Ghana: Bank Of Ghana Harps On Consumer Protection
Stakeholders in the FinTech and cryptocurrency sectors have been charged with upholding consumer protection in their operations. The Director of Fintech and Innovation ...
Global
Global: Eastern Caribbean Central Bank embarks on tech overhaul
India-based core banking software specialist JMR Infotech has won a project to modernise the enterprise and banking technology platforms at the Eastern Caribbean ...
Kenya
Kenya: Absa Bank Kenya Partners with Huawei to Accelerate Digital Transformation
Absa Bank Kenya has announced a new partnership with Huawei on a SD-WAN Solution to build a new digital foundation for branch networks. ...
Ghana
Ghana: BoG Okays Chipper Cash for Remittance Services from US to Ghana
Chipper Cash, a cross-border payments app, has received authorization from the Bank of Ghana to provide remittance services from the US to Ghana. ...
News
Nigeria: Central Bank of Nigeria Begins Debiting Loan Defaulters’ Accounts
The Central Bank of Nigeria has made good on its promise and has begun debiting accounts of defaulters under its development finance intervention programmes. The ...
