President Muhammadu Buhari has signed the Companies and Allied Matters Act, 2020 (CAMA 2020) to reform and improve Nigeria’s business environment
Finance
World Bank approves US$150mn for Kenya’s 1.7mn urban residents
The World Bank has approved US$150mn International Development Association (IDA) credit to improve tenure security and access to basic services for 1.7mn residents living in selected Kenya’s urban informal settlements
Sombank selects Temenos cloud technology for digital Islamic banking services in Somalia
Sombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the cloud to accelerate its digital transformation and create innovative products to increase access to financial services in Somalia
Standard Chartered and Airtel Africa to drive financial inclusion
Standard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across important markets in Africa by providing customers with increased access to mobile financial services
Nigeria’s ATI membership to help attract investments
President Buhari has signed the instrument of ratification to the African Trade Insurance Agency’s (ATI) treaty, thus finalising Nigeria’s membership in ATI in a process that began some years ago