Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes
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financial inclusion
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on
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Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as
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Three African Countries Plan to Adopt Cryptocurrency and Blockchain Solutions
Three African countries — namely Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo — are reportedly
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Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes
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Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate
Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central
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South African Fintech Raises $120 Million in Funding Round Led by Fidelity
A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led
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CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could
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Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be
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Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund
Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech
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