CURRENCY | Our Dollar Reserves Now Surpass 1 Trillion Kenya Shillings, Says Central Bank of Kenya

According to local reports, the Central Bank of Kenya (CBK) has bolstered its foreign exchange reserves significantly, now amounting to over $7.7 billion, marking a milestone for the country in…

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ALERT | Nigeria Warns Public Over 5 Websites Harvesting and Selling Identity Data of Citizens

According to local reports, the National Identity Management Commission (NIMC) has listed five websites allegedly harvesting Nigerians’ data fraudulently.    “NIMC urges the public to disregard any claims or services…

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REGULATION | WorldCoin to Reportedly Resume ID Verification in Kenya After Police Drop Investigations

WorldCoin, the cryptocurrency and human registration project associated with OpenAI CEO, Sam Altman, is reportedly set to resume operations in Kenya after police dropped a probe they had opened against…

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FUNDING | French VC, Breega, Launches Inaugural $75 Million Fund to Invest in Early-Stage Startups Across Africa

French VC firm, Breega, has announced the launch of its first African fund, Breega Africa Seed I, which aims to become the leading early-stage investor in African startups. The firm…

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REGULATION | ‘Tigran Gambaryan Being Wrongfully Detained [In Nigeria] on Money Laundering Charges,’ U.S. Lawmakers Reiterate After Visit

Two U.S. lawmakers have called for the release of the detained Binance executive Tigran Gambaryan noting that he is suffering from malaria and pneumonia, and has been denied access to…

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REGULATION | Nigeria SEC Issues a Notice for Onboarding VASPs in 30 Days Due to ‘Current Realities’

The Nigerian Securities and Exchange Commission (SEC) has issued a notice to amend its rules on Digital Asset Issuance, Offering Platforms, Exchange and Custody. The notice, published on the organization’s…

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BANKING | South Africa’s Largest Bank, Standard Bank, Reveals Over 120% Increase in Number of Offshore Accounts Since 2021

South Africa’s Standard Bank has reported a 121% increase in the number of offshore accounts opened since June 2023, according to a statement seen by a local outlet. According to…

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REGULATION | Ethiopia’s Council of Ministers Approves Major Financial Sector Reforms including Establishment of CBDC Regulatory Framework

According to a post by the National Bank of Ethiopia, the country’s Council of Ministers has approved 2 major laws that are set to bring further liberalization and modernization of…

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