Governance & Policy





















African leaders should take the blame for brain drain on the continent — Paul Kagame

Rwandan President Paul Kagame has called for African leaders to take the blame for brain drain on the continent. He said it’s a leadership failure and it’s time for African leaders to fix it.

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South African regulator wants $27m yearly from Google, Meta, others for local news publishers

South Africa’s Competition Commission is pushing Google, Meta, and YouTube to compensate local news publishers, proposing payments of up to $27 million annually.

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Nigeria holds benchmark lending rates at 27.5% amid exchange rate stability 

The Central Bank of Nigeria has retained its benchmark lending rate at 27.5%, citing exchange rate stability and reduced inflation.

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 Nigeria sets 2027 target for full e-governance rollout 

Nigeria targets 75% e-governance by 2027, tackling past failures with digital infrastructure, a unified service portal, and international collaborations.

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Nigeria’s inflation falls for the first time in six months

Nigeria’s inflation fell to 24.48% in January 2025, the first decline in six months. Despite this, high food and energy costs persist.

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NITDA’s new rule mandates cloud providers to host key data within Nigeria  

Once finalised, NITDA’s data classification framework will require companies to store health, financial, and government data locally, opening up opportunities for local cloud providers.

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Nigeria’s central bank reviews ATM transaction fees to cover rising costs

The Central Bank of Nigeria has announced the implementation of new ATM transaction fees to take effect from March 1, 2025.

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Mali introduces new mobile taxes to combat insurgency

Mali has introduced telecom taxes to support security initiatives, levying charges on mobile calls and money transfers to raise $220 million for financing security.

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Egypt’s inflation slows for the fourth consecutive month to 24% in January

Egypt’s inflation slowed for the fourth consecutive month to 24% in January 2025 amid economic pressures.

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Stablecoins in Nigeria: The promise and challenges of the newly launched cNGN

Nigeria has launched its first stablecoin, cNGN, to drive blockchain adoption and enhance financial inclusion. While this is promising, challenges such as regulation and the volatility of the naira remain.

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Lagos partners with Huawei to advance smart transport solutions

Lagos State has collaborated with Huawei to implement Intelligent Transport Systems (ITS), reinforcing its smart city ambitions.

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NIBSS enhances NQR payment system to drive Nigeria’s cashless economy

NIBSS has upgraded the NQR payment system, offering instant payment processing, providing immediate settlement for merchants and consumers. The system now supports both Person-to-Person (P2P) and Entity-to-Person (E2P) payments

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Zimbabwe holds interest rate at 35% amid rising currency depreciation  

Despite soaring inflation and rising currency depreciation, Zimbabwe’s central bank maintains 35% interest rate.

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Elon Musk’s Starlink expansion into South Africa stalls after regulatory hearing withdrawal

Starlink has officially withdrawn from hearings on the regulation of satellite services in South Africa following Elon Musk’s “openly racist” comment on the country’s ownership laws.

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Uganda detains nine finance officials over $16.87 million central bank hack

Ugandan authorities have detained 9 officials from the Ministry of Finance in connection with a breach of the central bank’s electronic systems, resulting in the theft of approximately 62 billion shillings ($16.87 million).

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World Bank raises South Africa’s growth outlook to 1.8%, warns of challenges 

The World Bank sees South Africa’s economy growing by 1.8% in 2025, 0.2% higher than its earlier projections, despite elevated levels of poverty and unemployment.

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9 Nigerian banks to retain stable credit outlook in 2025 amid economic headwinds 

S&P Global has affirmed a positive credit outlook for nine major Nigeria banks in 2025 despite economic challenges hampering the sector’s performance.

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FEC greenlights AI and broadband initiative, targets 21 million Nigerians

Nigeria’s Federal Executive Council (FEC) has approved two major initiatives to accelerate digital transformation: the Nigeria Universal Communication Access Project and the National AI Trust.

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Nigeria’s central bank extends forex purchase deadline for BDCs to May 30 

In line with its broader objective of stabilising the FX market, Nigeria’s central bank has extended the deadline for BDCs to access foreign currencies from the official window until March 30.

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Ghana’s electronic transfers soar to $196.7bn in 2024

Ghana recorded $196.7 billion from electronic money transfers in 2024 with total transactions reaching eight billion keeping it cashless drive on track.

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