Africa

Africa

DareToken Seeks to Integrate Blockchain and Funtech

DareToken combines the best aspects of social media with the ROI potential of blockchain technology in a unique way. This revolutionary protocol enables users...

CBN Grants Lotus Bank a License to Commence Non-Interest Banking

The Central Bank of Nigeria (CBN) has granted a non-interest banking license to LOTUS Bank Limited. LOTUS Bank seeks to pursue the mission of...

Non-Interest Banks in Nigeria, Need More Instruments to Improve Liquidity under...

Non-interest banks in Nigeria, need more instruments to improve liquidity under the Basel III requirements of the global banking system. Mr. Abdulwaheed Shitta, a...

ZamZam Bank Begins Operations in Ethiopia as First Non-interest Bank

The first full-fledged interest-free bank (IFB) in Ethiopia, the ZamZam Bank, started its work on Wednesday. This makes ZamZam Bank the first bank to...

SEC Issues Cease and Desist Order on Crowdyvest Halal Fund Operations

The Securities and Exchange Commission (SEC) has announced that cooperative-driven fintech product, Crowdyvest Halal Fund, is an “unregistered entity purporting to operate as a...

Salaam African Bank (SAB) of Djibouti Acquires Uwezo Microfinance Bank of...

Salaam African Bank (SAB) of Djibouti recently acquired 100 per cent stake in Kenya-based Uwezo Microfinance Bank that was founded 12 years ago but...