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African Tech Titans vs. Red Tape: How Striking the Right Regulatory Balance Can Advance the Continent’s Economic Future
Africa has emerged as a pivotal player in the global tech marketplace, with a digital economy that’s projected to grow to $712 billion by 2050. Yet according to Seyi Ebenezer at Payaza Africa Ltd., this potential is threatened by regulatory frameworks that struggle to keep pace with the rapid evolution of technology. He explores how overly stringent regulation is impeding business and economic growth in the region, and how regulators can foster innovation while protecting consumers and other stakeholders.
- Categories
- Finance, Technology
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IDF and AFD Group Form IDRIMA to Enhance Climate Resilience
Signed at the IDF Summit 2024, IDRIMA seeks to embed risk management into financial strategies for sovereigns and utilities vulnerable to climate disasters.
- Categories
- Environment, Finance
- Region
- Global
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NPCI International Payments and Central Reserve Bank of Peru to Enable UPI-like Real-Time Transactions
UPI‘s collaborative and open banking ethos “enables greater connectivity and interoperability with both domestic and international payment networks.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: Afreximbank Disburses $40 Million to Support Fidelity Bank’s Acquisition of Union Bank UK
The acquisition is expected to contribute to Africa’s economic growth and development by increasing intra- and extra-African trade finance and trade flows.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Orca Secures $550,000 in Pre-seed Funding to Combat Financial Fraud in Emerging Markets
Orca is an innovative South African startup dedicated to combating fraud in emerging markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Number of Digital Lenders Approved in Nigeria Reaches 284
The multiplicity of the apps being used by digital lenders is cited as one of the reasons the Commission is finding it difficult to curtail the incidences of harassment and defaming of borrowers by digital lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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