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Uganda’s central bank has unveiled new restrictions on over-the-counter cash withdrawals and lowered cheque transaction limits as part of a broader strategy to deepen digital payments adoption and reduce the country’s dependence on cash-based transactions.
In a circular dated May 29 and issued to commercial banks, credit institutions, and microfinance deposit-taking in...
Nigeria’s internet service provider (ISP) market is becoming increasingly concentrated, with Spectranet, Starlink, and FibreOne collectively accounting for nearly 70 per cent of active subscribers, according to the latest industry figures.
Data released by the
Zedvance has announced a major strategic repositioning aimed at strengthening financing access for Nigeria’s small and medium-sized enterprises (SMEs), revealing that 100 per cent of its active loan portfolio will now be channelled toward SMEs and critical business ecosystem enablers.
The announcement was made by the Group Managing Director of Zedcrest Group, parent co...
Nigeria’s financial system is falling short in supporting private sector expansion, with lending to businesses accounting for just 9.4 per cent of the country’s Gross Domestic Product (GDP), according to the African Development Bank (AfDB).
The development finance institution disclosed this in its African Economic Outlook 2026 report, highlighting Nige...
The Bank of Ghana (BoG) has defended the strength of the cedi’s economic fundamentals, cautioning market participants against speculative activity that could place unnecessary pressure on the local currency.
According to the central bank, Ghana’s improving macroeconomic indicators, stronger external reserve...