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Cape Verde Declares Economical Crisis

The Government of Cape Verde declared a social and economic urgency in Archipelago. This declaration was made on the 20th of June following a...

Flutterwave Receives New Payment License and Plans IPO Amidst Regulatory Challenges

The Nigerian fintech company, Flutterwave, has been granted a switching and processing license from the Central Bank of Nigeria (CBN). The license is to...

Egypt Dims Lights to Boost Foreign Reserves

Egypt in darkness due to the economic crisis caused the Ukraine war. Presently, the street of Egypt is under darkness as the Egyptian government...

Egypt’s Central Bank Governor Resigns Amid Economic Crisis

On the 17th of July 2022, Egypt's central bank governor, Tareq Amer, resigned as the country struggles to address its economic woes. President Abdel...

Virtual Pay Secures a Payment Service License in Kenya Amidst Fintech Regulatory Hurdles

The central bank of Kenya has issued a license to Virtual Pay International Limited to carry out its operation as a Payment Service Provider...

Naira to Dollar Exchange Rate Falls to N700/$1 at peer-to-Peer Forex Market

The exchange rate between Nigeria's Naira and the United States Dollars has fallen as low as N700/$1 at the peer-2-peer forex market.    As of yesterday...

Egypt, Nigeria with other Developing Nations Seek to Overcome Energy, Currency Crises

Eight African business leaders from developing nations meet in Bangladesh to discuss ways to overcome the dwindling foreign currency reserves, a growing energy crisis...

Ghana Calls on IMF in The Face of Economy Crisis

Ghanaian President, Nana Addo Dankwa Akufo-Addo, has ordered Ken Ofori-Atta, the Finance Minister, to initiate a formal meeting with the International Monetary Fund (IMF),...

US Economy Creates More Job Opportunities than Expected in June

The United States economy created 372,000 jobs in June beyond the initial forecast. Economist experts predicted that employment growth should be between 250,000 and...
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