Nigeria Bonds Decline Ahead of SP Credit Rating Review
On Friday, Nigeria's government bonds denominated in dollars declined ahead of credit rating evaluation by SP Global following a downgrade by Moody's. Nigeria's bonds experienced a significant drop of as [...]
Celo's Quiet Efforts to Boost Web3 Adoption in Africa
Web3 technology has the potential to revolutionize the way we interact with one another and conduct business, but for it to truly reach mainstream adoption, it needs to be accessible [...]
Kenyan Govt Drops charges of financial impropriety against Flutterwave
The Kenyan government has withdrawn charges of financial impropriety against Flutterwave Inc. according to Bloomberg. This comes seven months after a court in Kenya froze the company's bank accounts over [...]Egypt's Central Bank Keeps Interest Rate Unchanged Despite Rising Inflation
Egypt's central bank kept its overnight interest rates unchanged on Thursday, saying in a statement that steep rate increases put in place over the last year should help to tame [...]
Zimbabwe Cuts Interest Rate to 150% as Inflation Falls
Zimbabwe’s central bank cut its benchmark interest rate for the first time since becoming the world’s most aggressive monetary authority in June on expectations that a downward trend in inflation [...]Unlock Global Investment Opportunities at Amalga's 1st Africa Investors summit Nairobi
Are you an institutional looking for new investment opportunities in global markets? Look no further than the upcoming Amalga Africa Investors Summit, hosted by Amalga Securities Limited on February 17th, [...]Egyptian Financial Services Provider, MNT-Halan, Receives $400 Million in funding
Egyptian financial service provider MNT-Halan, secured $400 million in equity and debt financing from local and global investors as it strives to serve the underbanked and unbanked customers in the [...]IMF Grants Guinea-Bissau $38.4 million Extended Credit Facility
The executive board of the International Monetary Fund has approved a $38.4 million extended credit facility for Guinea-Bissau to support the West African nation's economic recovery and policies to improve [...]Starlink, SpaceX's Satellite-Based Internet Service Launch in Nigeria
SpaceX's satellite-based internet service, Starlink, has made its mark in Africa with the announcement of its availability in Nigeria; the company revealed this news via a tweet on Monday. We [...]IMF and Cameroon Reach a Staff-Level Agreement of $74.6 Million
On Monday, the International Monetary Fund (IMF) and Cameroon agreed on a staff-level deal that will result in the country being granted access to approximately $74.6 million after the Board [...]The State of KYC in Africa: Smile Identity’s end-of-year 2022 KYC report featuring trends, policies country deep dives
Smile Identity, a leading provider of digital identity verification solutions for Africa, has released its highly-anticipated end-of-year 2022 Know Your Customer (KYC) report. Using data from nearly 50 million KYC [...]Nigeria Bonds Prices Dip Following Moody's Rating Downgrade
On Monday, Nigeria's government bonds experienced a steep drop after Moody's downgraded the country from B3 to Caa1 on Friday. Moody's warned that the government's fiscal and debt situation would [...]
