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Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their ...
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El Salvador approves bitcoin as legal tender
Bitcoin is to become legal tender in El Salvador, the country’s president said, making it the first nation to adopt a cryptocurrency for ...
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Ecobank seeks to raise $300m from debt markets
Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has said it is seeking to raise $300m from the international debt capital ...
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UBA, Germany partner on N25b loans for Nigerian SME
The United Bank for Africa (UBA) Plc and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), the German development finance institution, have entered into a ...
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Hong Kong includes central bank digital currency in fintech strategy
The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included ...
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Kenya and EAC sued over $2.34b IMF loan
Kenya’s Attorney-General Justice Kihara Kariuki and the EAC Secretary-General Peter Mathuki have been named as first and second respondents respectively in a case ...
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Tanzania Warns Telecom Companies Over Disclosure of Customer Information
The Tanzanian government has said that it would take tough action against telecommunication companies found disclosing their customers’ information to third parties. Speaking ...
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Austrian Blockchain Company Builds Platform to Tokenize Solar Energy
A Vienna-based blockchain interface company, has built a platform for consumers to invest in energy produced by solar power through tokenization. Riddle&Code Energy ...
Innovation
IFIN launches Islamic financing platform
Bahrain-based Islamic fintech provider IFIN (Islamic Finance Initiation Network), has launched a real economy, automated Islamic financing platform. IFIN’s cloud-based platform reduces the ...
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CBN vows to increase forex allocation to banks, assures liquidity for SMEs, travellers
The Central Bank of Nigeria (CBN) has vowed to increase foreign exchange allocated to banks for travellers, Small and Medium Enterprises (SMEs). CBN ...