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Abdullahi Kafayat
Abdullahi Kafayat is an enthusiastic writer interested in the tech world. She's a graduate of Obafemi Awolowo University and has a BSc in Chemistry. You can reach her at Kafayatabdullahi17@gmail.com.
Digital Fraud in Tanzania’s Commercial Banks increased by 84% at the End of 2023
Digital fraud by commercial banks increased by a substantial amount of 84% in the last three months of 2023. The Bank of Tanzania (BOT) revealed this shocking information in a circular passed to commercial banks on March 5. Some of…
NCC and NIMC Partner to Make NIN-SIM Linkage Easy
NCC, the Nigerian Communication Commission, and the National Identity Management Commission (NIMC) have gone on a strategic partnership aimed at enhancing the National Identity Number (NIN Sim) processes. The NIN Sim process has been going on for a while in…
NIMC Dismisses Claims of Data Breach
NIMC, National Identity Management Commission, has refuted the claim that its databases were exposed due to the damaged undersea cable. The telecommunications services were affected by this damage, which in turn affected banks and other service providers in the country.…
AfDB and the Fonds d’équipement Communal Set to Fund Sustainable Development Projects in Morocco
The African Development Bank (AfDB), has a loan agreement with Fonds d’equipement Communal (FEC) in Rabat. This was done on March 15th, with the loan agreement amounting to EUR 100 million. The loan is to fund new investments and get…
SEC Proposes ₦1 Billion Capital Requirement for Virtual Asset Service Providers
The SEC (Securities and Exchange Commission) of Nigeria has taken steps to reduce risk and close all loopholes for cryptocurrency exchanges. They have done this by increasing the capital requirement for virtual asset service providers: they increased the paid-up capital…
Wasoko Exits Zanzibar, Pauses Operations in Uganda and Zambia
It is going to be an eventful year for the fintech companies in Africa. This doesn’t exclude Wasoko, a startup company that provides convenient and cost-effective access to products and services. The Kenyan startup has unfortunately shut down its Zanzibar…
SRD Payment: Final SASSA SRD Payment Dates and Procedures for March 2024
SRD SASSA payment is about to be received by those that have been approved. Payments will be processed from March 25th to March 29th, 2024. Eligible individuals should be ready to receive their grants this month. This includes the Older…
Youverify Announces $2.5 million pre-Series A investment from a Saudi Arabian Company
Youverify, a Nigerian organization that provides id verification and anti-money laundering (AML) solutions for banks and startups has secured a whopping sum of $2.5 million in funding in a pre-Series A round. The funding was secured from Elm, an organization…
Flutterwave’s COO Steps Down
Flutterwave’s chief operating officer, Bode Abifarin, has stepped down and left the largest fintech company in Africa. She left the company after a series of achievements for six years in the company. Bode Abifarin Steps Down As COO Of Flutterwave…
Kenya and Rwanda Top the Africa Youth Digital Readiness Index
Kenya has come out on top as the first country in the East Africa Youth Digital Readiness Index. Followed closely by Rwanda and Kenya. Kenya was ranked first because of the wide usage of the mobile money operational system, government…