Nigeria
Nigeria: CBN Introduces Online Platform for Streamlined Microfinance Bank License Applications
The Central Bank of Nigeria (CBN) has launched a user-friendly online platform, the CBN Licensing, Approval and Other Requests Portal (CBN LARP), for ...
Ethopia
Ethiopia’s Central Bank Provides Long-Awaited Assurance of Currency Convertibility
The National Bank of Ethiopia (NBE) has affirmed its commitment to providing the long-anticipated guarantee of converting local currency funds into hard currencies ...
Regulatory
Global: CFPB Requires Lenders to Offer Detailed Explanations for AI-Driven Credit Denials
The Consumer Financial Protection Bureau (CFPB) has issued guidance for lenders employing artificial intelligence (AI) and complex models in their credit assessment procedures. ...
Kenya
Kenya: GeoNet Communications Loses Legal Battle Against Safaricom and Regulator
Long-distance telecommunications service provider, GeoNet Communications, has faced defeat in its application to review a decision that dismissed its case by the Multimedia ...
Kenya
Kenya: Naivas Supermarket Faces Potential Sh5 Million Fine for Delayed Reporting of Client Data Theft
Naivas Limited, a local supermarket chain, has come under scrutiny for failing to adhere to data protection regulations by not reporting a customer ...
Regulatory
Uganda: NIRA Issues Warning Against Using National IDs as Loan Security
The National Identification and Registration Authority (NIRA) in Uganda has issued a stern warning to both Ugandans and participants in the money lending ...
Kenya
Kenya: Sasra Seeks Treasury Assistance to Recover Unremitted Sacco Deductions from State Entities
The Sacco Societies Regulatory Authority (Sasra) is advocating for the direct deduction of funds allocated by the Treasury to counties, public universities, and ...
Ethopia
Ethiopia: National Bank of Ethiopia Explores Sharia-Compliant Alternatives for Treasury Bills to Accommodate Islamic Banks
The National Bank of Ethiopia is actively seeking Sharia-compliant alternatives to traditional treasury bills to accommodate financial institutions that operate solely on interest-free ...
Regulatory
Global: US Lawmakers Advance Legislation to Restrict the Launch of a Digital Dollar
The United States House Financial Services Committee is taking steps to advance legislation aimed at limiting the development of a central bank digital ...
Global
Global: Hong Kong Central Bank Cautions Against Crypto Firms Using Banking Terminology
The Hong Kong Monetary Authority (HKMA) has issued a stern warning regarding cryptocurrency businesses that present themselves as banks and employ banking terminology, ...
