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A technical deep dive into NIBSS, the infrastructure powering Nigerian payments
Nigeria’s financial ecosystem looks like a crowded maze of banks, fintechs, microfinance institutions, and agencies—but beneath the noise is one quiet force keeping everything running: NIBSS. If your product moves money, verifies identities, or talks to a bank, chances are it’s already riding on NIBSS rails. This guide breaks down what NIBSS does, how it…
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World Bank backs Malawi’s biggest FDI with $350 million clean energy grant
The energy project is expected to supply electricity to over 1 million Malawian households and create thousands of jobs, both directly and through downstream industries.
Ethiopia to license first-ever foreign bank by end of 2025
Ethiopia’s central bank has announced it will phase out a controversial rule that requires commercial banks to buy government bonds.
Mozambique to receive $7.5 million from gambling tax to fund budget
The Mozambican government expects to collect 500 million meticais ( about $7.5 million) in taxes from casinos and gambling activities in 2025.
European lender approves Nigeria, Ivory Coast and Benin for investment rollout
The upgrade marks a significant shift in the lender’s expansion strategy beyond its traditional markets in Eastern Europe, Central Asia, and parts of the Middle East.
Nigeria’s statistics bureau reports inflation drop to 23.71% in April 2025
Despite the apparent drop in headline inflation, Nigerians continue to face high costs of essentials amid ongoing economic challenges.
Proposed central bank law would fine Kenyan businesses for refusing cash payments
A Kenyan lawmaker, Caroli Omondi, has suggested a new law called the Central Bank of Kenya (Amendment) Bill 2025. This law would make it against the rules for shops and businesses with real locations to refuse cash for payments under $775. If they don’t follow this rule, they could be fined or sued.
New financial centre to allow Tanzanian firms issue bonds, raise equity, and access global capital
Tanzania is set to establish an International Financial Services Centre (IFSC) to attract investment and fund major development projects.
Dangote-backed Alterra Capital buys Pollman’s Tours as part of a $500m Africa investment strategy
Alterra Capital, backed by Dangote and Rubenstein, has acquired Kenya’s iconic Pollman’s Tours — a bold private equity move into East Africa’s recovering tourism sector.
Almost 70% of Nigerians against further interest rate hike — Central Bank
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Saudi, Germany listed as top buyers as Ethiopia records historic $1.8bn coffee export
East African powerhouse, Ethiopia, has reportedly recorded a historic increase in coffee export amounting to over $1.8 billion.
Angola forced to post $200m in JPMorgan swap as bond prices plunge
The Angolan government acknowledged that while the swap offered cost benefits, it also exposed the country to new financial pressures.
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