News & Events

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 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

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