NAIROBI, | Xinhua | Central banks of the East African Community (EAC) member states on Friday projected regional economic growth at 5.8 percent in 2025. Kamau Thugge, governor of the Central Bank of Kenya and chairperson of the EAC Monetary Affairs Committee, said the growth outlook will be supported by …
Read More »African Central Banks and cyber-security
The rising incidents of cybercrime require that organisations integrate cybersecurity into their core business processes COMMENT | PETER KISITU | In its most recent publication, the Financial Inclusion Global Initiative (Figi) reported that African central banks face three major threats namely; threat to integrity, threat to availability, and threat to confidentiality. …
Read More »Africa’s central banks lead the way, embrace open banking
Regulators on the continent are developing frameworks that allow customers of traditional banks to engage with third-party service providers via their banking apps – blowing open a multi-billion dollar market. Abuja, Nigeria | BIRD AGENCY | Nigeria in March became the first African country to launch open banking on the …
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