Author Archives: David

About half of African unicorns–startups worth more than $1 billion are from Nigeria. That is not surprising and explains why people cannot stop talking about the startup space in Nigeria. Beyond the attention, startups have significant impacts on the economy, …

As a growing company, we’re always looking for ways to improve our processes, solutions and ecosystem. We’ve made some changes to how we approach onboarding and verification for businesses that use Flutterwave for lending and fundraising in certain countries. These …

Following the new license categorizations of participants in the Nigerian payments ecosystem, the Central Bank of Nigeria (CBN) requires that any company that intends to operate in more than one license category is to set up a Payments Service Holding …

On the 12^th of June 2021, the Parliament of the United Republic of Tanzania passed the Finance Bill 2021 which was assented to by the President of Tanzania on the 30^th of June 2021. Following the assent, The …

On the 11^th of July 2021, the Central Bank of Nigeria (CBN) issued a Regulatory Framework on Mobile Money Services in Nigeria. Mobile Money Services (MMS) involve the use of mobile phones for the initiation, authorization, and confirmation of …

On the 16^th of June 2021, the Securities and Exchange Commission (SEC) announced the initiation of its Regulatory Incubation Program (“the RI Program”) which started operations in Q3 of 2021.

The aim of the RI Program is to enable …

Starting 28th June 2021, data can now freely flow between the European Union (EU) and the United Kingdom (UK). This is thanks to the adoption of two “adequacy decisions” which facilitate the seamless transmission of data between countries in the …

Wherever you find money and technology mix, what you get is a lot of innovation and dynamism. As Financial Technology (FINTECH) keeps being popular the world over,  and evolving, so do regulations and regulators. 

Remember, regulators are here to protect …

The Finance Act 2020 (the “Finance Act”), is split into 7 parts. This is a review of the changes in the under-listed tax legislations;

1. Capital Gains Tax Act
2. Companies Income Tax Act
3. Customs and Excise Tariffs etc (Consolidation Act)
4. Personal

…