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The Bank of Tanzania (BOT) has increased its interest rate (CBR) from 5.5% to 6% following a meeting held by its monetary policy committee on Wednesday. This adjustment, effective from Q2 2024, is in response…
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The National Identity Management Commission (NIMC) of Nigeria is at the forefront of digitizing the majority of its services, and one of the latest initiatives is its new self service portal for NIN details correction…
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There’s a new self service portal for NIMC details where you can change your name, address, phone number, and date of birth without visiting the NIMC office. So for people who need to correct their…
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The Central Bank of Kenya (CBK) has held its interest rate at 13%, signalling it is moving closer to cutting borrowing costs as inflation eases and the Kenyan shilling strengthens against major global currencies. On…
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The Nigerian Electricity Regulatory Commission (NERC) has increased electricity tariffs for urban customers by 240%, confirming earlier reports of a possible hike in energy prices amid the country’s rising inflation. The new rate, effective immediately,…
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South Africa has officially passed its digital nomad visa regulations into law. This makes way for the country to start implementing the issuance of digital nomad visas, a topic which has attracted polarised opinions among…
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Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost the adoption of electric motorcycles in the East African country. The financing package will first…
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Somalia has received its first 5G installation, cranking up a series of reforms to revamp its economy after joining the East Africa Community (EAC). Hormuud Telecom Somalia Inc., its largest telco, rolled out faster internet…
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Sycamore, a Nigerian fintech startup, offers loans for individuals and businesses, including salary and business loans. It also enables users to lend money directly to friends and family (peer-to-peer lending) and conveniently pay bills. Babatunde…
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MTN Nigeria’s internet subscribers dropped in January due to efforts to comply with the Nigerian Communications Commission’s (NCC) mandate to link all SIM cards with a National Identity Number (NIN). MTN, the largest telecom operator…
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Mastercard, the second-largest payment network in the world, has partnered with Mono, a Nigerian YC-backed open banking startup, to enable payments directly into bank accounts without cards or USSD codes. For Mono, this partnership is…
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It was a routine Thursday for Pascal*. He’d planned to convert some Naira to USDT on his favourite exchange, Binance, a strategy he used to hedge against inflation and build a safety net. He soon…
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