News
Zambia: Zambian central bank refuses to pay ransom to hackers
Zambia’s central bank said it refused to pay ransom to a group known as Hive that was behind a cybersecurity breach that caused ...
News
Nigeria: NGX fines Royal Exchange, five others N89.6 million for default filings between 2020-2021
The Nigerian Exchange Limited (NGX) has fined six insurance firms N89.6 million for failure to file their financial statements after the regulatory due ...
Ghana
Ghana records $4.5bn remittances in 2021, places 2nd in Sub-Saharan Africa – World Bank
Ghana kept its 2nd position as Sub-Saharan Africa country with the largest remittances in 2021, the World Bank Migration and Development Brief has revealed. ...
Global
Global: Wells Fargo Advisors fined $7 mln by U.S. SEC for anti-money laundering lapses
The U.S. Securities and Exchange commission on Friday said Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money ...
Global
Global: Spain fines Google 10 million euros for breaching data protection law
The Spanish Data Protection Agency (AEPD) has imposed a penalty of ten million euros on Google for transferring data to third parties without ...
News
Nigeria: MoMo Payment Service Bank (MoMo PSB) Formally Commences Operations
This follows a successful pilot initiated on 16 May 2022, in commemoration of the launch of our GSM operations on 16 May 2001 ...
Global
Global: SWIFT, Capgemini team up to test using the international network for CBDC transfers
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday ...
News
Nigeria: APPZONE acquires switching license from the CBN
AppZone, Sub-Saharan Africa’s payment infrastructure company, announced that the Central Bank of Nigeria has issued the organization an approval in principle to operate ...
News
South Africa: SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry
South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 ...
News
Nigeria: Airtel’s SmartCash Payment Service Bank commences operations in Nigeria
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash, has commenced operations in Nigeria. This was disclosed in a statement ...
