News & Events
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Kenya, Rwanda move toward single licence for cross-border fintech expansion
Kenya and Rwanda are developing a shared regulatory framework that would allow fintech firms to operate in both countries under a single licence, potentially removing one of the biggest obstacles to regional expansion for African digital payments companies.
Under the proposed system, regulators in Nairobi and Kigali would recognise each other’s approvals, while retaining joint oversight and cooperating on supervision. At present, startups must secure separate licences in each country, a duplication that pushes up compliance costs and slows the rollout of cross‑border payment services.
By moving towards mutual recognition, the two central banks hope to support the responsible growth of fintechs and deepen regulatory collaboration. If adopted, the framework could speed up the expansion of East Africa’s digital payments market by making it easier for companies to scale across borders.
Read the original article here: https://businessday.ng/technology/article/kenya-rwanda-move-toward-single-licence-for-cross-border-fintech-expansion/#google_vignette
Afriland First Bank, Visa sign growth agreement to expand digital payments in Cameroon
Afriland First Bank and Visa have signed a three-year strategic deal to speed up digital payments and expand financial inclusion across Cameroon. This agreement is Visa’s first standalone partnership with a local Cameroonian bank.
The collaboration, called a “Growth Agreement,” aims to modernise payment systems, make banking more accessible, and reduce the country’s heavy reliance on cash transactions. Only about 20 per cent of Cameroonians currently use formal banking services, though the rate rises to around 45 per cent when mobile money and microfinance are included.
Read the full article here: https://www.businessincameroon.com/finance/1203-15882-afriland-first-bank-visa-sign-growth-agreement-to-expand-digital-payments-in-cameroon
Liquid C2 and CyberCoach partner to bring a safer digital environment to African businesses
Liquid C2, a subsidiary of Cassava Technologies, has partnered with CyberCoach, the only privacy-first AI-driven cybersecurity training and compliance platform. The collaboration will enhance Liquid C2’s cybersecurity offerings with interactive, AI-powered training designed to reduce human-related risks in organisations.
CyberCoach’s programmes deliver tailored learning paths based on employees’ roles, creating more effective and engaging training experiences. Distributed through Liquid C2 and its Cloudmania network, the initiative will reach enterprises, SMEs, and public institutions across Africa.
Read the original article here: https://www.africa-newsroom.com/press/liquid-c2-and-cybercoach-partner-to-bring-a-safer-digital-environment-to-african-businesses?lang=en
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The Commonwealth Chamber of Commerce: Milestones and Moments Video
It has been little over a year and a half since the Commonwealth Chamber of Commerce came into existence.
The Chamber was set up because right now we are at an immensely important juncture in modern history; now more than ever is the moment for Commonwealth business to realise the benefits of being part of the global network of the Commonwealth family.
Webinar on the Isle of Man: The Exemplary Jurisdiction for Asset Management Recording
Our notable speakers provide a compendium of information on the structure of the territory’s legal system, its financial services and the multifaceted process for relocation. They also discuss the factors and governance frameworks that have led to the success of the leading financial jurisdiction as well as the many incentives that make the Isle of Man such a prime destination for relocation, particularly for internationally mobile families.
South/East Asia StartUp Summit 2022
The international conference focussed on tech-enabled entrepreneurship in Southeast Asia and provided a virtual platform to engage youth with different activities and discussing exciting opportunities being created as the region’s ecosystem continues to thrive and grow!