Kenya
Kenya: Andrew Musangi, Nominee for CBK Chairperson, Aims to Enhance CBK Oversight
Andrew Musangi, the nominee for the Chairperson of the Central Bank of Kenya (CBK), has emphasized the need for increased oversight and scrutiny ...
Regulatory
Tanzanian Fintech Tembo Gains PSP License from Central Bank of Tanzania
Tembo, a dynamic Tanzanian fintech startup dedicated to bolstering financial services infrastructure throughout Africa, has successfully secured its Payment Service Provider (PSP) license ...
Regulatory
Global: Apple Launches iPhone 15 with USB-C Charger in Compliance with EU Regulation
Apple unveiled its highly anticipated iPhone 15 on Tuesday (September 12, 2023), marking a significant shift by incorporating a USB-C charging port. This ...
Regulatory
Global: The Role of Private Rule-Making in Implementing the EU AI Act
The EU AI Act (AIA) is a comprehensive piece of legislation designed to establish the world’s first all-encompassing regulatory framework for AI. Unlike ...
Regulatory
Uganda Grants First Islamic Banking License, Boosting Financial Sector
The Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, has issued the inaugural Islamic banking license to Salaam Bank Limited. Atingi-Ego presented ...
Nigeria
Nigeria: CBN Directs Banks to Preserve FX Revaluation Gains, Reinforce Capital Reserves
In a significant move, the Central Bank of Nigeria (CBN) has issued a directive to commercial banks, instructing them to refrain from utilizing ...
Regulatory
Global: G20 Nations Push for Swift Adoption of Global Cryptocurrency Regulations
Leaders of the G20 nations are urging the rapid implementation of global cryptocurrency regulations, aiming to facilitate cross-border information exchange among countries starting ...
Nigeria
Nigerian Customs Service Engages Banks Over Duty Remittance Issues
The Nigerian Customs Service (NCS) announced on Sunday (September 10, 2023) that it recently deactivated two banks due to their failure to remit ...
Regulatory
Global: HSBC Implements Restrictions on Commercial Payments to and from Russia and Belarus
HSBC, a global banking powerhouse with operations spanning more than 65 countries, including the UAE, has announced its decision to limit commercial payment ...
Nigeria
Nigeria: NCC States N120bn USSD Debt Hampers Financial Inclusion
The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has emphasized that the outstanding N120 billion Unstructured Supplementary Service Data ...
