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The Central Bank of Kenya (“CBK”) was recently vested with the powers to license and regulate digital lenders in Kenya under a new law, The Central Bank of Kenya (Digital Credit Providers) Regulations 2022 (“Regulation 2022”) effective from 18th March 2022. Before 2022, digital lending …

What is a Payment Service Bank? Payment Service Banks in Nigeria are channels by which telecommunication and technology solutions companies are licensed by the Central Bank of Nigeria to participate in the fintech payment ecosystem with primary focus on the rural areas and unbanked locations, …

What is a Payments Service Holding Company in Nigeria? A Payments Service Holding Company is a type of corporate structure that is required by Nigerian law for a group company that is desirous of holding more than one payment system licence within the Nigeria payments …

The Federal Competition and Consumer Protection Commission (“FCCPC”) has in the exercise of its powers under its enabling law, ventured into the regulation of digital lending business in Nigeria. Recently, in exercise of the powers conferred upon it by sections 17, 18 and 163 of …

1.0. Why Regulatory Sandbox and Which Fintech Company Should Participate in Regulatory Sandbox? In view of the growing demand for easier and cheaper payment solutions through disruptive technology in the financial services space, the Central Bank of Nigeria (CBN) has deemed it pertinent to ensure …

1          Can a business be registered as a Limited Liability Partnership in Nigeria? Yes. The introduction of Limited Partnership (“LP”) and Limited Liability Partnership (“LLP”) is one of the fundamental watersheds that the Companies and Allied Matters Act 2020 (“CAMA”) has afforded the investors community …

INTRODUCTION The Kenyan gambling market was estimated to be worth $40 million in 2020 and ranked as the third in Sub-Saharan Africa when it comes to sheer market size, (after South Africa and Nigeria), but has the highest number of young gambling players in the …

Introduction Nigeria has about 220 Million population with about 210 Million active mobile phone users, according to the Nigerian Communications Commission, and by 2050, the nation’s population is estimated to rise to 400 Million. As of June 2022, Nigeria hit 44.30% of broadband penetration with …

INTRODUCTION Agriculture is a business, a wealth creating sector. It is estimated that Africa may spend close to $110 Billion importing food unless food production is prioritized. According to Statista, Nigeria has vast potentials for thriving agricultural business with an arable land area of 34 …

INTRODUCTION Digital lending in Kenya is not only growing but also becoming highly regulated as the Kenyan Government is taking a very strong stance on regulatory compliance and consumer protection matters. Not only are money lenders now required to be registered and licensed (which is …