Apr 24, 2024
Nigeria Seeks $2.25 Billion in World Bank Loans
According to Minister Edun, the proposed funding from the World Bank will be split into two main parts: $1.5 billion in development policy financing and $750 million in program-for-results financing....
Apr 19, 2024
Uganda Implements New ID Requirement for Large Mobile Money Transactions
Under these regulations, all high-value transactions ( UGx 1,000,000 upwards ) at authorized agent locations and operator centres on digital financial service platforms must be conducted only after verifying the customer's identity using a valid form of identification....
Apr 19, 2024
Zimbabwe Faces 'Currency Chaos' with the Introduction of New ZiG Notes
Many find themselves needing to double or even triple their usual spending to get through the day due to shops rounding up transactions or refusing smaller denominations....
Apr 19, 2024
China Cancels Part of Zimbabwe's Debt as Country Grapples with Financial Crisis
According to government data, Western countries and international financial institutions make up 70% of Zimbabwe's external debt, while obligations to China account for just 15%....
Apr 17, 2024
Nigerian Socialite Charged for Abusing Banknotes Amid Crackdown on Currency Abuse
Okechukwu, who owns a well-known nightclub in the oil-rich Delta State, faced the court on Wednesday in Lagos' Federal High Court where he was granted bail set at 10 million naira (approximately $8,600)...
Apr 16, 2024
Ugandan Traders Shut Down Businesses in Protest Against New Tax System
The system, known as the Electronic Fiscal Receipting and Invoicing System (EFRIS), was introduced by the Uganda Revenue Authority in January 2021 to monitor sales and taxes in real-time....
