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Ghana and Rwanda sign MoU to enhance cross-border fintech agreement
The Bank of Ghana (BoG) and the National Bank of Rwanda (NBR) have recently taken a significant step towards advancing financial technology innovation and integration in Africa. The two countries have signed a Memorandum of Understanding (MoU) to establish a licence passporting framework and enhance cross-border payment interoperability for regulated fintech companies.
The MoU was signed during the Inclusive Fintech Forum in Rwanda, a three-day event that brought together key stakeholders in the financial technology sector. The signing ceremony was attended by the Governor of the National Bank of Rwanda, Mr John Rwangombwa, the Governor of the Bank of Ghana, Dr Johnson Asiama, and other key officials from both central banks.
The newly established licence passporting framework aims to ease cross-border operations for regulated fintechs licensed in either Ghana or Rwanda. With this initiative, fintech companies from both countries can expand their services with minimal additional regulatory hurdles, thereby accelerating innovation and supporting the growth of the financial technology sector across borders.
Read the original article here: https://www.myjoyonline.com/ghana-and-rwanda-sign-mou-to-enhance-cross-border-fintech-agreement/
SpaceX lands booster off coast of Bahamas for first time
SpaceX landed its first-stage rocket booster on a drone ship off The Bahamas, marking a significant milestone in international operations.
The Starlink mission departed Cape Canaveral Space Force Station carrying 23 satellites destined for low Earth orbit. The booster landed precisely on the vessel Just Read the Instructions, positioned near Exuma island. SpaceX’s avionics supply chain engineer, Zachary Luppen, expressed enthusiasm for the ongoing partnership with the Bahamian government, indicating plans for future landings in the region. Local residents had been forewarned about potential sonic booms during the landing procedure.
This mission represented the booster’s 16th flight, having previously supported nine Starlink deployments. The company’s reusable booster technology continues to demonstrate significant advantages in launch frequency and cost efficiency compared to traditional expendable systems.
Read the original article here: https://www.msn.com/en-us/travel/news/spacex-lands-booster-off-coast-of-bahamas-for-first-time/ar-AA1zhiSX?ocid=BingNewsVerp
CARICOM Development Fund and Afreximbank sign grant agreement to establish Green, Resilience and Sustainability Facility
The CARICOM Development Fund (CDF) and African Export-Import Bank (Afreximbank) have signed a €708,000 grant agreement to establish a Green, Resilience, and Sustainability Facility (GRSF). The signing took place during CARICOM’s 48th Regular Meeting of Heads of Government in Barbados.
The GRSF aims to provide blended and concessional financing to CARICOM member states, supporting infrastructure development, climate adaptation, and sustainable development initiatives. This facility will help address the region’s estimated US$20 billion resilience financing shortfall.
CDF Chief Executive Mr Rodinald Soomer highlighted the grant’s importance for Caribbean sustainability, whilst Afreximbank President Prof Benedict Oramah emphasised its role in supporting countries facing climate-related economic challenges. This agreement follows the strategic partnership established between both organisations in August 2023, when CDF became a shareholder in Afreximbank. The initiative complements CDF’s other partnerships, including their collaboration with USAID on the Caribbean Community Resilience Fund, demonstrating their commitment to mobilising investment for regional development and climate resilience.
Read the original article here: https://afreximbank.africa-newsroom.com/press/caricom-development-fund-and-afreximbank-sign-grant-agreement-to-establish-green-resilience-and-sustainability-facility?lang=en
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Bangladesh’s Fashion Startup Evolution | Webinar Recording
The webinar explores how Fabraex, a budding Bangladeshi fashion startup, bridges the gap between traditional and modern fashion by empowering locals with unique designs. CEO Saqlain presents on Fabraex’s challenges and opportunities, highlighting their stylish, ethical, and affordable fashion fabrics.
Bangladesh’s Fashion Startup Evolution
Join us for an exciting webinar that will take you on a journey through the world of Fabraex – a budding Bangladeshi fashion brand with a fresh perspective on blending cultural heritage with contemporary style. Founded by the visionary Fahim Khandkar and driven by the leadership of CEO Saklain bin Salim, Fabraex is a young startup on a mission to empower individuals to embrace their authentic identities through fashion.
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The ongoing economic crisis in Sri Lanka offers important lessons for policymakers globally. In a thought-provoking fireside chat, Julia Charlton chair of the Commonwealth Chamber of Commerce speaks with Dr. Indrajit Coomaraswamy, former Governor of Sri Lanka’s Central Bank, to analyse the origins and impacts of the crisis, along with Sri Lanka’s path to recovery.
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