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Kenya to Lift 9-Year Ban on New Commercial Bank Licenses in July 2025
In a move set to reshape its financial sector, Kenya’s Central Bank (CBK) will lift its nine-year freeze on licensing new commercial banks by July 1, 2025. The moratorium, first imposed in 2015, allowed regulators to strengthen governance, risk management, and the country’s regulatory framework. Now, with stricter capital requirements, including a Ksh.10 billion minimum…
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Flutterwave Launches Virtual Coaching Program to Nurture Africa’s Tech Talent
Flutterwave has introduced the Flutterwave Accelerate Workshop, a virtual coaching initiative designed to equip African youths with hands-on skills for success in the tech world. The two-day program targets students, graduates, and early-career professionals, covering key areas like Data Privacy, Cybersecurity, Design, Marketing, and Product Management. Industry experts, including former Flutterwave leaders and seasoned professionals,…
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Nigeria Showcases AI and Cybersecurity Ambitions at GITEX Africa
At GITEX Africa in Morocco, Nigeria spotlighted its commitment to shaping the future with artificial intelligence and stronger cybersecurity frameworks. NITDA’s Director General, Kashifu Inuwa, emphasized the need for AI-driven leadership and collaboration between humans and machines to accelerate national growth. The government also sealed a new cybersecurity training partnership with SecDojo, while pushing forward…
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Moniepoint Launches MonieWorld, Eyes Diaspora Banking Growth
Nigerian fintech leader Moniepoint has introduced MonieWorld, a new platform targeting the UK–Nigeria remittance corridor. Beyond money transfers, MonieWorld aims to offer a full banking experience for immigrants, helping them manage finances both abroad and at home. This launch marks Moniepoint’s strategic push beyond Nigeria, as it seeks to serve African diasporas worldwide and reduce…
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MTN Ghana Empowers Small Businesses with SME Accelerate
MTN Ghana has unveiled SME Accelerate, a new initiative designed to help small businesses scale smarter and faster. The program offers digital tools and strategic support, aiming to boost growth and competitiveness in Ghana’s SME ecosystem. This move highlights MTN’s long-term commitment to entrepreneurship and digital transformation, ensuring businesses aren’t just connected — but future-ready.…
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CBEX Ponzi Collapse Leaves Nigerians Counting Losses
CBEX, a digital asset trading platform that promised investors a 100% return within 30 days, has collapsed, leaving thousands of Nigerians locked out of their funds. Initially marketed as a high-tech, AI-powered trading service with ties to China, the platform turned out to be another classic Ponzi scheme. As the dust settles, only hundreds of…