Ghana’s central bank will accept applications for digital credit licenses starting on November 3 as officials work to regulate online lending. Matilda Asante-Asiedu from the Bank of Ghana said regulators found over 400 illegal digital lenders operating in the country. The bank launched its Digital Credit Directive last month, requiring transparent terms and responsible lending…
Ghana’s central bank trained 30 journalists from three regions on monetary policy and economic reporting to reduce misinformation in financial news coverage. The two-day workshop in Sunyani targeted reporters from the Bono, Bono East, and Ahafo regions. Bernard Otabil, from the Bank of Ghana, said the program helps journalists grasp complex financial topics they regularly…
Ghana’s Ministry of Lands and Natural Resources plans to cancel more unauthorized permits held by small-scale miners as officials work to clean up the mining industry. The ministry wants to enforce laws and create responsible mining practices nationwide. Abdul Waliu Kabore Mahmud from the ministry said officials reviewed 907 mining permits on June and asked…
Authorities detained three Chinese citizens and confiscated mining equipment after raiding an illegal operation near the Ankobrah River in the Western Region. The National Anti-Illegal Mining Operations Secretariat acted on location data that led officers to Hiawa Koofrom in Amenfi Central District around 9:10 a.m. Officers seized two excavators, a pump-action gun with four cartridges,…
Authorities arrested 10 armed Chinese citizens suspected of illegal mining at Abusa in the Ashanti Region after breaking up operations in the Oda River Forest Reserve. The National Anti-Illegal Mining Operations Secretariat worked with regional security officials to dismantle the network on Thursday, October 23, 2025. Officers detained nine people wearing khaki uniforms who claimed…
Hanypay formed partnerships with Chinese suppliers to connect African merchants with manufacturers at the 138th China Canton Fair. The digital payment company will use its AKL Lumi currency through Hanymarket, a marketplace set to open for continental traders. Zambia’s central bank approved AKL Lumi as a regulated digital asset for cross-border payments. The platform operates…
A new platform helps Kenyan shoppers cut costs through bulk purchases and shared payments as prices climb across the country. Nuvv connects buyers who want identical products and lets them pool orders for discounts or split expenses with others. The service launched in Kenya on Monday with two main tools. Group Buy links strangers through…
Kenya’s vehicle dealers sold 10,101 new units in the nine months through September, a 24 percent increase from 8,165 units in the same period last year. Lower interest rates and stronger economic activity in transport, agriculture, manufacturing and construction drove the growth. Trucks led sales with 4,113 units, as the Central Bank of Kenya cut…
PZ Cussons will invest 150 million shillings in Kenya over the next year after dismissing speculation about closing its manufacturing operations. The British consumer goods maker plans to adapt products for younger buyers and redesign its distribution channels in the East African nation. Managing director Sekar Ramamoorthy said the Imperial Leather soap producer remains committed…
Four organizations joined forces to expand internet access and technology training in Rwanda through new digital learning centers. The Airtel Africa Foundation, International Telecommunication Union, Rwanda Information Society Authority and Cisco will provide free connectivity and skills programs to people lacking digital resources. Airtel Rwanda will supply routers, wireless networks and data plans without charge…
