All News and Announcements

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Sudan Embraces Digital Payments to Build a More Inclusive Economy

Sudan Joins United Nations’ Better Than Cash Alliance to Drive Financial Inclusion and Transparency

News

Nigeria: Banks Offering Access to Low Interest Funds

As part of measures to cushion the impact of the coronavirus pandemic, the Chief Executive Officer of FirstBank Nigeria, Dr. Adesola Adeduntan, has disclosed that banks are currently offering customers access to low interest funds.

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Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report

According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.

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Rwanda Waives Charges on Digital Payments

The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.

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World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy

Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.

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Zimbabwe: COVID-19 - Zimbabwe's Smallholder Farmers Step Into the Food Supply Gap

Smallholder farmers have long been feeding this Southern African nation by producing the bulk of the country's maize staple, according to the Ministry of Agriculture.

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Kenya: Banks, Mobile Money Agents Are Counting Losses

In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.

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Vodacom and Safaricom Buy M-Pesa

Vodafone has sold M-Pesa to South African and Kenyan telecoms companies Vodacom and Safaricom, which are targeting further expansion for the leading African fintech brand.

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List of Digital Lenders Denied CRB Access by Central Bank of Kenya

The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?

News

CBN NGN50 Billion Facility for Households & MSMEs in Nigeria

In March 2020, the Central Bank of Nigeria released Guidelines for the Implementation of the NGN 50 Billion Targeted Credit Facility aimed at providing succor to households and MSMEs that have been adversely affected by COVID-19.