Hey Guys,
Let’s delve into the midweek edition of the Big 5 Daily.
First, the Central Bank of Kenya is after digital lenders in the country. It wants to regulate the monthly interest rates on loans charged by micro-lenders in Kenya.
Similarly, Tito Mboweni, South African Minister of Finance has published proposed amendments to the Financial Intelligence Centre Act (FICA). This implies that the crypto-asset service providers will have to comply with the various regulatory requirements imposed by the institution.
See also: The Big 5 Daily: 21st July 2020
Good news! Impact Amplifier, ISD & Google.org have launched a $1 million Africa Online Safety Fund. It will award grants to organizations that provide online safety solutions, particularly for women and children.
The Federal Government of Nigeria has approved $328 million for broadband infrastructure development in northern Nigeria. It aims to develop and implement nationwide internet and data infrastructure development for public and private institutions.
Finally, Google has launched its ‘Think with Google’ website for Sub-Saharan Africa. It provides data and locally relevant insights for marketers and business leaders in the region.
Thank you for reading through. See you tomorrow.