News

Malawi’s worsening food crisis drove its annual inflation rate to 28.5% in January, according to the latest data from the National Statistical Office.

The Nigerian federal high court has affirmed FCCPC’s authority over competition regulation across all sectors, including telecoms and financial services.

Any increase in the USSD charge fee for bank customers must be approved by both the CBN and the NCC.

Oversubscription reveals a high level of investors’ confidence in the bonds and a positive liquidity outlook of investors in Kenya’s market.

The CBN assured Keystone bank’s customers and other stakeholders of the stability of the bank’s operations and the safety of their funds in light of the bank’s new ownership arrangement.

In halting mineral exports, Malawi seeks to forge a new economic identity amidst growing trade challenges

Building on efforts to strengthen forex reserves, Nigeria’s central bank has urged telcos to reduce their dollar dependency.

Nigeria’s central bank says it will sanction any bank that restricts customers from withdrawing up to the ₦20,000 ATM limit.

Nigeria’s has passed a $36.5 billion budget for the 2025 fiscal year, significantly surpassing the President’s proposed spending.

Despite a steady rise in inflationary pressures since September 2024, Rwanda’s central bank has held its key lending rate at 6.5% for the second time in a row.

Nigeria’s stock market gained ₦322 billion in a day, but weak tax enforcement raises questions about capital gains tax collection.

South Sudan’s National Instant Payment System (NIPS) could boost tax collection by making digital transactions more traceable and efficient.

Namibia reduces its key interest rate for the fourth time in a row as inflammatory pressures continues to ease.

The private placement is for up to 20 billion ordinary shares at 0.50k each. The Board will determine the number of investors, price, time, terms and conditions of this placement

The new ownership of the bank follows a ruling from the Special Offences Court, Lagos that the Sigma Golf Nigeria Limited shares be transferred to the FGN

Zambia’s central bank has raised its key interest rate by 50 percentage points to 14.5%, marking the highest level since 2016 when lending rate stood at 15.5%.

The 2025/26 budget is to boost the country’s economy. Improved agricultural sector alongside taxation are highlights of the budget

The appointment of Atingi-Ego as Governor, Bank of Uganda and Nuwagaba as his Deputy comes after a 3-year vacancy in both positions.

With rising cash scarcity, the new charges have been put in place to accelerate the deployment of ATMs.

The cap on credit to the private sector shrunk the total amount of loans commercial banks could give to businesses. That might be changing soon.