From Lagos to Nairobi

In a move that signals a shift in Nigeria’s e-commerce landscape, the controversial fast-fashion giant Shein is facing increasing scrutiny over its operations in the country. Popular among young shoppers for its trendy and affordable clothing, Shein has long been criticized for issues ranging from counterfeit products to questionable delivery practices. Recent developments indicate that…

The Central Bank of Nigeria (CBN) has announced a revision of cash withdrawal and deposit limits for individuals and corporate accounts, signaling a move aimed at strengthening monetary policy, curbing cash-based transactions, and promoting digital payments across the country. The new regulations, which take effect immediately, outline updated thresholds for both daily and monthly cash…

Kenya has decided to exclude retail investors from participating in the country’s largest-ever share sale of Safaricom, raising questions about accessibility and the government’s approach to public investment. The move, announced ahead of the initial public offering (IPO), has sparked debate among market watchers, potential small investors, and industry analysts. The sale, which involves the…

Guaranty Trust Bank (GTBank) has reported that its ambitious core banking migration project is now 85% complete, marking a significant milestone nearly a year after the initiative began. The project, aimed at upgrading the bank’s technological backbone, is designed to enhance operational efficiency, improve customer experience, and support the introduction of innovative financial products. The…

Capitec Bank has introduced a new initiative, the Variable Recurring Payments (VRP) system, allowing South Africans to make recurring payments directly from their bank accounts, marking a significant step forward in digital banking convenience. The rollout of VRP is designed to simplify the way individuals and businesses manage subscriptions, bills, and other recurring financial obligations,…

TGIPay, a fast-rising digital finance platform, has officially launched its operations in Nigeria, signaling a bold ambition to transform how businesses and consumers manage payments. Entering one of Africa’s most competitive fintech landscapes, the company aims to simplify transactions, deepen financial inclusion, and support business growth through a unified suite of intelligent payment solutions. At…