Category: Fintech Business

As digital transformation sweeps across Africa’s financial sector, Ghana has taken a bold step to regulate and formalise online lending. With the rise of mobile technology and fintech innovation, access to credit has become less complex. Recognising the need for structure, the Bank of Ghana …

Individuals and small businesses. But with great growth comes great responsibility. To build a sustainable and trusted ecosystem, digital lenders must put people first and embed responsible practices at every step of the way. Below are what digital lending business must ensure in their operations: …

1. Introduction The financial sector in Tanzania, particularly the micro lending subsector is experiencing tremendious growth with the rise of online or digital loan services through mobile applications. The tremendous growth in the Tanzanian digital lending space is driven by the opportunities created by technological …

There are two government agencies vested with the power to grant export licenses in Nigeria. They are: The Nigeria Export Promotion Council (NEPC) which is saddled with the responsibility of issuing out export license for agricultural commodities & manufactured goods and the Federal Ministry of …

Introduction On the 25th of July 2025, the Federal Competition and Consumer Protection Commission (FCCPC) welcomed a new era of regulation with the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025 (the Digital Lending Regulations). While these rules establish clear licensing, registration, and disclosure …

In recent years, there has been an increase in digital economy innovations: in health care, communications, manufacturing, engineering etc. It is only normal that individuals and companies join in in a bid to contribute their quota and benefit from an ever-booming market. There are various …

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

The Central Bank of Nigeria (“CBN”) has released new directives that will fundamentally reshape how Point of Sale (“PoS”) agents and payment providers operate across the country. The regulator is moving to tighten oversight by mandating the geo-tagging of all POS terminals, restricting their use …

Introduction In a landmark effort to sanitize Nigeria’s rapidly expanding digital lending ecosystem, the Federal Competition and Consumer Protection Commission (“FCCPC”) has, pursuant to its powers under sections 17, 18 and 163 of the Federal Competition and Consumer Protection Act 2018 (“FCCP Act”), introduced the …

Introduction The gap created by underbanked communities has allowed digital lenders to rise in Nigeria and other parts of Africa. The difficulty of obtaining loans from commercial banks has forced the need to bypass traditional lending infrastructure and encouraged the growth of digital lenders. Digital …