BitKE

Godwin Emefiele, the CBN Governor, announced over four million eNaira wallets created for a social intervention program, marking a 68% increase in transactions since early 2023. The eNaira aims to boost financial inclusion across all mobile devices.

Google will require loan apps in Kenya to prove licensing for Play Store listing, as part of efforts for regulatory compliance. Similar measures are in place for India, Indonesia, and Nigeria, due to concerns over unregulated loan services.

Tether, the issuer of the world’s largest stablecoin by market cap, is expanding its footprint in Africa through a strategic investment in Shiga Digital, a startup that offers blockchain-based financial solutions targeting the continent.
According to a statement, Shiga Digital provides services

Raise, a platform that offers end-to-end fundraising solutions, has secured an undisclosed amount of funding from Carta, a San Francisco-based firm that specializes in valuation software and capitalization table management.
This is the first African investment by the U.S entity since its

Block Inc., the parent company of Cash App and led by Jack Dorsey, the Founder and former CEO of X (formerly Twitter) has been fined $40 million by the New York Department of Financial Services (NYDFS) for significant deficiencies in its anti-money laundering (AML) and compliance programs related

Nsano Ltd has expanded in East Africa by launching an office in Rwanda, securing Payment Aggregation and Remittance licenses. Established in 2013, the firm enhances digital payments across Africa, now serving over 30 countries, and aims for continued growth.

Blnk, an Egyptian digital lending startup, has raised $23.7 million in funding to enhance its AI-driven lending platform. Launched in 2021, it provides quick loans at the point of sale, promoting financial inclusion in Egypt, where credit card access is limited.

DLM Trust denied claims of a partnership with Patricia Technologies, citing breaches of agreement. While DLM ended its role as Escrow Trustee, Patricia insists repayment plans will proceed despite the disruption and customer frustrations from previous withdrawal issues.

Stripe will support USD Coin (USDC) transactions, enhancing its payment services and enabling faster, cost-efficient exchanges. The integration aims to empower users to accept stablecoin payments and expand global reach, reflecting the evolving utility of crypto.

The Bank of Ghana has ordered financial institutions to stop partnerships with Taptap Send due to violations of the Foreign Exchange Act. This directive is effective from November 8, 2024, for one month, aiming to deter non-compliance among remittance service providers.

M-PESA has launched in Ethiopia, following a successful pilot phase. With its competitive services, it aims to enhance financial inclusion in a market already served by Telebirr. Safaricom Ethiopia is set to challenge Telebirr, which has a significant customer base.

Verod-Kepple Africa Ventures (VKAV) has announced that it has raised $43 million for its pan-African venture fund. The fund’s initial backers include institutions such as SBI Holdings, Toyota Tsusho Corporation, and individual investors like Mr. Osamu Kaneda.
The announcement comes on the back of a

KCB Group, the largest commercial bank in East Africa, has bec0me the first financial institution in Kenya and the region to begin transactions on the Pan-African Payment and Settlement System (PAPSS).
This initiative will allow KCB customers to benefit from quicker settlements, reduced currency co