South Africa’s second-largest insurer, Old Mutual, has received approval from the country’s Prudential Authority (PA) to establish a new bank, subject to certain licensing conditions. The PA, which falls under...
Small and Medium Enterprises (SMEs) are the lifeblood of Rwanda’s economy, contributing significantly to employment, innovation, and economic growth. However, accessing finance has been a perennial challenge for these businesses....
Recent data from the International Monetary Fund (IMF) has shed light on a significant shift in Africa’s economic landscape: Algeria is projected to surpass Nigeria as the continent’s third-largest economy....
In a groundbreaking move, Kenya’s Equity Bank has announced a significant expansion of its money transfer services, now reaching an impressive 30 countries. This expansion marks a pivotal moment not...
Ghana, a nation rich in cultural heritage and natural resources, finds itself in a financial predicament, grappling with the challenges of debt repayment. Despite its economic potential, the country has...
Uganda, known as the “Pearl of Africa” for its rich natural resources and fertile land, has recently taken significant steps to prioritize agro-businesses in its national planning. With agriculture being...
In a move aimed at stabilizing the Nigerian financial landscape, the Central Bank of Nigeria (CBN) recently implemented a significant policy change, prohibiting lenders from accepting foreign exchange (FX)-denominated collateral...
Nigeria’s economic engine roars with the energy of millions of small businesses and hustlers. But fueling this engine isn’t just the formal banking sector. A vast, dynamic, and often overlooked...
Introduction: In Nigeria, access to credit is crucial for economic growth, entrepreneurship, and poverty alleviation. However, the landscape of credit provision in the country is not without its challenges. Ethical...
Venture capital investment in Africa has been on the rise in recent years, injecting much-needed capital into the continent’s burgeoning startup ecosystem and fueling innovation across various sectors. From fintech...
