The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the 'eCedi of choice', which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.
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The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the 'eCedi of choice', which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.
The Covid-19 pandemic has affected everyone across the Republic of Zimbabwe, with the vast majority of Zimbabweans subject to executive orders to contain the transmission of Covid-19.
On 7th December 2021, Parliament enacted The Central Bank of Kenya (Amendment) Act of 2021 effectively providing the Central Bank of Kenya (CBK) with the powers to license and oversight the previously unregulated digital credit providers.
The Central Bank of Kenya (CBK) recently published a discussion paper on the feasibility of a central bank digital currency (CBDC). The CBDC is intended to be a sovereign ..
Fintech and electronic payment systems have swept through the Ghanaian financial sector, bringing efficiency and access to consumers, as well as opportunity to service providers.
In a year when two of Nigeria’s Fintechs (Flutterwave and Opay) acquired unicorn status, it became clear that the Fintech industry in the country had come of age. In line with this, there was a raft of new regulations affecting the industry. The l..
The Virtual Asset and Initial Token Offering Services Act 2021 passed by the National Assembly on 10 December 2021 and gazetted on 16 December 2021, empowers the Financial Services Commission (the “FSC”) to regulate and supervise virtual asset service providers (“VASPs”) ..
On 13th January 2022, the Pan African Payment and Settlement System (PAPSS) platform was launched by the Africa Export-Import Bank (Afreximbank), in collaboration with African Union (AU) and African Continental Free Trade Area (AfCFTA).
The Tanzanian Court of Appeal has put forward a judgement in relation to the right of financial institutions to claim the outstanding loan balance from borrowers after sale of the mortgaged properties. We take a closer look at this scenario, specifically after the l..