Nairobi, Kenya. East African venture advisory firm, Kinyungu Ventures has published a white paper Chasing Outliers: Why Context Matters for Early Stage Investing in Africa that has found that there continues to be a wide misalignment between traditional venture capital (VC) models and the African market.
Describe the legal and regulatory limitations regarding the types of entities and individuals that may own a controlling interest in a bank. What constitutes ‘control’ for this purpose?
With banking income growing by 11% per year on average and African fintech firms raising more than $800 million in equity funding in 2019, Africa’s financial industry was one of the most dynamic in the world before the Covid-19 pandemic struck.
Lagos, Nigeria//-The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021.
Accra, Ghana, December 11, 2020//-The Bank of Ghana (BoG) has signed a Memorandum of Understanding (MoU) with the Monetary Authority of Singapore (MAS), the Singapore ‘s central bank and financial regulatory authority to collaborate in promoting Small and Medium-sized Enterprises (SMEs) through the use of technology.
December 9, 2020//-Many of us take for granted the ability to withdraw money from our bank account, wire it to family in another country, and pay bills online.
Lagos, Nigeria, December 2, 2020//-In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of […]