Dive into Swvl's remarkable turnaround story as the NASDAQ-listed mobility startup posts its first full-year net profit in 2023, signaling a shift from previous struggles to profitability, amidst strategic financial restructuring and expansion plans.

Kenya is set to become the third African country to put a green finance taxonomy in place, making the country more attractive for green investment and climate finance.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Uganda's annual inflation rate for March 2024 dips to 3.3%, staying under the Bank of Uganda's target, signaling stability in the economy. 📉💰

Kenya Airways (KQ) has significantly reduced its net loss for the year ended December 31, 2023, marking the first operating profit in nearly seven years due to increased revenues from a 35% year-on-year growth in passenger traffic. Despite reporting a net loss of $171.9 million, down 47%, the airline's revenues improved by 53% to $1.35 billion, indicating a positive trajectory for the national carrier.

Discover how Access Holdings and Coronation Group are teaming up with M-Pesa to reshape the remittance landscape, connecting millions across East and West Africa.

Despite its small economy, Rwanda is gaining international attention for its efforts to position itself as an international financial centre. Kigali is now the fastest-growing financial hub in Africa, according to a new report.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Discover how South African startup Planet42's partnership with Standard Bank is revolutionizing access to personal vehicles, driving economic empowerment and mobility across the country. 🚗💼

Zone, a Nigerian fintech, revolutionizes Africa's payment landscape with its blockchain technology, attracting $8.5 million in seed funding.

Nigeria's Securities and Exchange Commission (SEC) proposes a substantial increase in the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, aiming to reshape the crypto landscape.

South Africa's Financial Sector Conduct Authority (FSCA) has made significant strides in regulating the cryptocurrency industry, granting licenses to 59 crypto firms as of March 12, 2024. Learn more about the implications and requirements of this regulatory development.

Discover how Nigerian startup Youverify secures a significant investment to enhance anti-money laundering (AML) solutions, paving the way for streamlined compliance and expanded market reach.

Discover how Chams Holding Company's CEO, Mayowa Olaniyan, navigated the aftermath of a $100 million loss from a government project, leading the company to a surge in share prices. Now, with a renewed focus on consumer-centric projects, Chams is set to capitalize on the burgeoning mobile money and cross-border payments sectors, emphasizing innovation and expansion across its financial service subsidiaries.

MTN Nigeria bounces back, reclaiming over half of the ₦22 billion lost in a Mobile Money glitch, showcasing the challenges of fraud in Nigeria's financial sector. Despite setbacks, CEO Toriola highlights a surge in monthly active users to 5.3 million, driven by a growing ecosystem of agents and merchants.

Ghana's Central Bank takes decisive action, suspending the foreign exchange licenses of Guaranty Trust Bank and FBN Bank for one month, citing various regulatory breaches. The move underscores the country's commitment to enforcing forex market regulations and ensuring financial institutions adhere to strict guidelines.

Nigeria intensifies its crypto crackdown, imposing a staggering $10 billion fine on global cryptocurrency exchange Binance. This move follows the recent arrest of two Binance executives and the central bank governor's concerns over $26 billion in transactions with unidentified sources. The regulatory pressure signals a challenging landscape for crypto platforms in Nigeria. 💼🔍

MTN Nigeria, a telecom giant, experiences its first annual loss in three years, amounting to ₦137 billion in 2023. The impact of Naira devaluation and increased business costs, notably tower lease expenses linked to the US dollar, played a significant role in the financial downturn. Despite challenges, the company eyes expansion in non-core services, emphasizing 4G and 5G growth, while engaging with regulators to resolve disputes.

Discover how Bfree, a Nigerian startup committed to ethical debt recovery, has raised $3 million in its latest funding round led by Capria Ventures. With automated processes and AI tools, Bfree is transforming debt collection across Ghana, Kenya, and Nigeria. The startup plans to scale its humane approach, focusing on banks, and introduces a groundbreaking concept of creating a secondary debt market in Africa.

Amid renewed scrutiny from the Central Bank of Nigeria (CBN), several Nigerian crypto platforms are suspending the purchase and sale of USDT and USDC stablecoins with Naira. The move comes after CBN Governor Olayemi Cardoso claimed that $26 billion had passed through Binance Nigeria from unidentified sources. Crypto exchanges face increasing regulatory challenges, triggering cautious responses and even arrests, echoing concerns reminiscent of past regulatory uncertainties.

💡 Dive into the financial turbulence in Nigeria as Binance, the crypto giant, faces regulatory heat! The Central Bank Governor reveals startling figures of $26 billion processed by Binance Nigeria in 2023, prompting a crackdown on crypto activities. Explore the unfolding dynamics, regulatory actions, and the heightened interest rate strategies in Nigeria's financial landscape.

Amidst the volatility of Nigeria's crypto landscape, Binance, Coinbase, and Kraken recently encountered accessibility issues, sparking concerns of regulatory interventions. This comes on the heels of Binance restricting peer-to-peer transactions, coinciding with the naira's historic decline. As the government aims to regain control over the currency's valuation, crypto users navigate uncertainties.

In a bold move, South Africa unveils plans from its 2024 budget to revolutionize digital payments, focusing on the integration of stablecoins and blockchain. The treasury's initiative aims to uplift marginalized communities, with potential policy changes and a collaborative effort with Switzerland for innovative digital payment pilot projects.

As the Nigerian Naira hits record lows, Binance, the world's largest cryptocurrency exchange, implements restrictions on the USDT/NGN trading pair, aiming to combat fraud and manipulation. This move sparks concerns among users and prompts a shift to alternative peer-to-peer platforms, highlighting the challenges faced by crypto traders in Nigeria amidst economic uncertainties.

Eleven African nations topped global forecasts for economic growth in 2024, with the continent signaling a potential return to faster growth.