Banking, Finance & Investment

China’s digital yuan will give its users privacy but it will not be anonymous, according to a top official at the People’s Bank of China. The controllable anonymity will protect …

Nigeria remains a largely cash-dominated country. with over 100 million unbanked Nigerian population excluded or have no access to financial services due to limited financial literacy. Bankly, a Nigerian fintech …

The Central Bank of Egypt on Sunday issued treasury bills worth EGP19 billion ($1.21 billion) on behalf of the Finance Ministry. Governments resort to financing budget deficits by offering bonds …

The Federal government has instructed Mobile Network Operators to suspend Unstructured Supplementary Service Data services starting from March 15th until they pay theirs over N42bn debt. This directive was issued …

Nigeria’s new naira-for-dollar plan to encourage remittance payments will do little to meet its stated aim of stabilising the currency, analysts say. Central bank Godwin Emefiele, who announced the introduction …

The Central Bank of Egypt (CBE) denied the allegation that it intends to stop the circulation of the Egyptian pound banknote in the market. According to a statement released by …

Standard Bank reported a 51% decrease in profit after taxes and other adjustment was done in December. Africa’s biggest bank stated any economic recovery from the COVID-19 pandemic in Africa …

African fintech firm Flutterwave has secured $170 million from a group of international investors as part of a successful Series C round. The round was led by growth-equity firms Avenir …

As controversial as the mention of the word Decentralized finance ( Defi) is to the legacy of the current financial ecosystem in Africa. The opportunities it presents especially to the …

The Central Bank of the People’s Republic of China electronic Chinese yuan is now being tested in major cities such as Shenzhen, Shanghai and Beijing. Early last year, China started …