Global
Global: JPMorgan Hires Former Microsoft Executive to Its Digital Assets-Related Payments Group
JPMorgan (JPM) has hired former Microsoft (MSFT) executive Tahreem Kampton as a senior payments’ executive within the bank’s payments group. His focus will ...
News
Nigeria: Kippa Receives Licence to Operate as Super-Agent
Kippa, a financial management and payments platform, has obtained a Payment Solutions Services Licence from the Central Bank of Nigeria (CBN), to operate ...
Global
Global: European Central Bank makes largest-ever interest rate hike
The European Central Bank made its largest-ever interest rate increase, following the U.S. Federal Reserve and other central banks in a global stampede ...
News
Nigeria: Nigeria’s internet subscriptions hit 152 million in July 2022
Subscriptions for internet across mobile, fixed and VoIP networks in the country increased to 152 million in July this year. The latest industry ...
News
South Africa: Amazon Web Services and Google to Extend Their Footprint in South Africa
Due to strong investment incentives, Africa’s internet access is growing at one of the fastest paces in the world. Africa’s youthful population and ...
Kenya
Kenya: Jeremy Awori Leaves Absa Bank After Nearly 10 Years
Jeremy Awori, Absa Kenya’s long-serving CEO, is leaving the bank. On September 8, 2022, the Board of Absa Bank Kenya PLC announced that ...
Global
Global: Report Examines Risk of Currency Colonization- CBDC
A new report has raised concerns that African countries embracing the creation of Central Bank Digital Currency (CBDC) could risk falling victim to ...
News
Nigeria: UBA delivers N70 billion profit in H1 2022, up by 16%
United Bank for Africa Plc has released its interim consolidated and separate financial statement for the period ended June 2022. The report shows ...
Global
Global: Bank of England says banknotes featuring Queen’s image remain legal tender
The Bank of England said its banknotes featuring the image of Queen Elizabeth remained legal tender, following the monarch’s death on Thursday (September ...
Kenya
Kenya: Three sectors account for 54pc of Kenyan banks’ bad loans
Three sectors — trade, real estate and manufacturing — account for more than half (54 percent) of the Sh514 billion bad loans held ...
