Category: Fintech
Mozambique’s new tax rules target accommodation-booking websites to boost tourism revenue
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Mozambique is advancing its tourism sector with new tax regulations targeting international digital platforms like Booking and Trivago.…
Sourcefin raises $8.2 million to empower SMEs in South Africa
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Sourcefin, a South African fintech company, raised $8.2 million (ZAR 150 million) in funding from Futuregrowth Asset Management,…
CBN sets N100,000 cash withdrawal limit for POS transactions
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The Central Bank of Nigeria (CBN) announced a significant policy regulating cash transactions through Point-of-Sale (POS) agents on…
Flutterwave partners with CBN to simplify payment with AfriGo
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Flutterwave announced on Wednesday that users can now accept payments via the Central Bank of Nigeria (CBN)’s first…
Bamboo secures U.S. licence, offers African investors access to U.S. stock market
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Bamboo, a Nigerian fintech company, dominated headlines on Tuesday after securing a U.S. broker-dealer licence through its affiliate,…
Ethiopia opens its economy to foreign bank investments for the first time
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Ethiopia’s parliament on Tuesday passed a new law which officially opens the nation’s banking sector to foreign investments…
SEC registers First Bank subsidiary, First Nominees, as it becomes a full-fledged capital market operator
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The Securities and Exchange Commission (SEC) has registered First Bank’s subsidiary, First Nominees Nigeria Limited, as Nigeria’s first…
MTN seeks banking licence in South Africa
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African telecommunications giant MTN has announced plans to acquire a banking license in South Africa to enhance its…
CBN to fine banks N150 million for selling mint naira notes to currency hawkers
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The Central Bank of Nigeria (CBN) has threatened to impose a N150 million fine on any bank found…
Egyptian banks adopt Apple Pay tokenisation to streamline transactions
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Following the Central Bank of Egypt (CBE) and Mastercard partnership to introduce Apple Pay in the banking sector,…
