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Tag: REGULATORY COMPLIANCE

Companies

Bank of Ghana Denies MTN Ghana’s Licensing for Cross-Border Transactions

March 21, 2025March 21, 2025 - by Carmen Mendez - Leave a Comment

The Bank of Ghana has denied MTN Ghana’s licensing for cross-border transactions, clarifying that MobileMoney Limited has not been authorized for international money transfers. The only active pilot is BrijX, …

Bank of Ghana Denies MTN Ghana’s Licensing for Cross-Border Transactions Read More
Companies

Bank of Ghana Confirms MTN MoMo Not Authorized for Cross-Border Transfers to Nigeria

March 21, 2025March 21, 2025 - by Sofia Nawab - Leave a Comment

The Bank of Ghana clarified that MTN Ghana is not licensed for cross-border transfers with MTN Nigeria. Instead, Brij Fintech Ghana is piloting the BrijX platform for B2B currency swaps. …

Bank of Ghana Confirms MTN MoMo Not Authorized for Cross-Border Transfers to Nigeria Read More
Business / Companies

Kenya’s Proposed Regulation: Gold Dealers to Report High Cash Sales

March 21, 2025March 21, 2025 - by Carmen Mendez - Leave a Comment

Gold dealers in Kenya will be required to report cash transactions over Sh1.9 million as part of new anti-money laundering regulations aimed at enhancing financial integrity and removing the country …

Kenya’s Proposed Regulation: Gold Dealers to Report High Cash Sales Read More
Business / Companies / economics

Bank of Ghana Clarifies MTN MoMo’s Licensing Status for Cross-Border Transactions

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

The Bank of Ghana announced that MTN MoMo is not licensed for cross-border transactions with Nigeria. Instead, it has approved Brij Fintech Ghana for a pilot program of BrijX, a …

Bank of Ghana Clarifies MTN MoMo’s Licensing Status for Cross-Border Transactions Read More
Business / Companies

South Africa’s Economic Signals: Rand Stability and Investor Outlook

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

South Africa’s economy shows promising signs with a stable rand and positive sentiment in the Johannesburg Top-40 Index. The upcoming interest rate decision by the Reserve Bank is crucial amidst …

South Africa’s Economic Signals: Rand Stability and Investor Outlook Read More
Companies / economics

Colombia’s Ambitious Plan to Ramp Up Copper Production

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

Colombia is set to auction 17 mining projects to boost copper production, aiming to reduce import dependence and support green energy initiatives. This move responds to rising demand and copper …

Colombia’s Ambitious Plan to Ramp Up Copper Production Read More
Companies

Brij Fintech Ghana Launches BrijX Currency Swap Platform in Pilot Phase

March 19, 2025March 19, 2025 - by Liam Nguyen - Leave a Comment

Brij Fintech Ghana has launched a pilot for the BrijX B2B Currency Swap Platform, supervised by the Bank of Ghana’s Regulatory Sandbox. The platform facilitates direct currency swaps between the …

Brij Fintech Ghana Launches BrijX Currency Swap Platform in Pilot Phase Read More
Business / Companies

RBI and Bank of Mauritius Formalize Trade in Local Currencies with MoU

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

The RBI and BOM have signed a MoU to use INR and MUR for trade, reducing costs and fostering economic ties. Signed on March 12, 2025, the agreement allows for …

RBI and Bank of Mauritius Formalize Trade in Local Currencies with MoU Read More
Business / Companies / economics

The Role of the Financial Reporting Council of Nigeria in Economic Enhancement

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

The Financial Reporting Council of Nigeria is pivotal in fostering transparency and corporate governance, enhancing investor confidence, and driving economic stability. Established under the FRCN Act of 2011, it oversees …

The Role of the Financial Reporting Council of Nigeria in Economic Enhancement Read More
Companies

RBI and Bank of Mauritius Sign MoU to Enhance Bilateral Trade with Local Currencies

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

The RBI and BOM have signed an MoU to utilize local currencies for transactions, enabling exporters and importers to settle payments in INR and MUR. This agreement aims to reduce …

RBI and Bank of Mauritius Sign MoU to Enhance Bilateral Trade with Local Currencies Read More

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