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Nigeria

Presidency: Nigeria on ‘healing journey’ to $1trn economy by 2030

The Presidency says Nigeria is on a “healing journey” and firmly on course to build a 1 trillion dollar economy by 2030, driven by reforms to deepen economic and financial inclusion and position the country as Africa’s leading borderless digital hub.​ Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Zauro, said this in Abuja at a media parley to unveil the 2026 RegTech Africa Conference and Expo, which Nigeria will host from May 20 to 22 under the patronage of the Office of the Vice President.​ Zauro said President Bola Ahmed Tinubu set a clear growth target from his first day in office, anchored on restoring confidence, expanding inclusion and attracting investment. He explained that achieving the 1 trillion dollar goal by 2030 will require building trust, infrastructure and inclusion, supported by policies that encourage partnership […]

Abdulmumini Auwal SA January 31, 2026

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Togo

Gozem Money Launches, Expanding Mobile Payments Offerings in Togo

Togo’s digital finance landscape has taken another leap forward with the launch of Gozem Money, a new mobile payment solution unveiled on October 7 in Lomé. The service, developed by Gozem in collaboration with NSIA Banque, aims to make financial services more accessible while strengthening financial inclusion nationwide. Designed as a comprehensive e-wallet, Gozem Money enables users to send and receive money, pay bills, shop online, and manage daily transactions. The platform offers full interoperability with other financial systems, including bank cards and mobile money services. Users can top up their wallets via Gozem agents or directly from their bank accounts and make payments on compatible digital platforms. According to Jean Sylvestre Nango, Managing Director of Gozem Money Togo, the launch represents “a key milestone in Togo’s financial modernization.” He emphasized that Gozem’s vision is to “reshape the digital finance […]

Abubakar October 16, 2025

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Ahafo

Pan-African Savings and Loans Holds Free Health Screening at Spintex Branch

Pan-African Savings and Loans has organised a free health screening exercise at its Spintex branch to promote the health and well-being of its customers and the wider public. The event, which recorded an impressive turnout, offered blood pressure checks, blood sugar testing, and Body Mass Index (BMI) assessments. Qualified doctors and nurses were present to provide professional medical advice and preventive health education, encouraging participants to adopt healthier lifestyles. Many attendees praised the initiative, saying it gave them valuable insight into their health status and the importance of regular medical checkups. Speaking at the event, Mrs. Sarah Annam, Head of Customer Experience at Pan-African Savings and Loans, highlighted the company’s dedication to community welfare. “At Pan-African, we believe that supporting our customers goes beyond providing financial services. This health screening is our way of showing care and commitment to their […]

Ahmad October 14, 2025

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Togo

Togo: Microfinance Deposits Grow, Credit Access Declines

Togo’s microfinance industry recorded contrasting trends in the first quarter of 2025. According to the Central Bank of West African States (BCEAO), deposits mobilized by decentralized financial systems (SFD) rose by 22.9 billion FCFA (around $37.5 million), an increase of 5.5%, bringing the total to about 436 billion FCFA ($714 million). Compared to the same period in 2024, this represents growth of nearly 9%. The rise is attributed to increasing trust from households and groups, making microfinance institutions an important channel for national savings. Most deposits remain demand deposits (57.3%), while term deposits represent 22.5%. The average savings per client reached 129,898 FCFA, up 1.4% since December 2024. On the other hand, credit activity showed a decline. Loans granted by SFDs fell by 20 billion FCFA ($32.7 million), a drop of 5.2%, in line with a regional slowdown across the […]

Abubakar August 27, 2025

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Ahafo

Ramseyer Credit Union Marks 25 Years, Urges Stronger Regulations

The Ramseyer Cooperative Credit Union has celebrated its 25th anniversary with a strong appeal to government to strengthen financial regulations to safeguard the operations of credit unions across Ghana. Speaking at the milestone event in Kumasi, Chief Executive Officer Kennedy Yeboah highlighted the crucial role of credit unions in expanding financial inclusion, especially for low- and middle-income earners who often lack access to mainstream banking services. Mr. Yeboah stressed that despite remarkable progress in the cooperative sector over the past decades, weak regulatory frameworks and emerging risks in the financial landscape continue to pose challenges. “Government must look at the legislation that requires credit unions to be efficient, so that the unions can work hand in hand with government to achieve the results we want,” he urged. He emphasized that stronger financial oversight would not only protect members’ hard-earned savings […]

Ahmad August 18, 2025

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Ahafo

31,000 Women-Owned SMEs in Ghana Boosted by EU-Funded WACOMP Initiative.

The recent conclusion of the West Africa Competitiveness Programme (WACOMP) has provided notable support to over 31,000 women-owned small and medium-sized enterprises (SMEs) in Ghana. Funded by the European Union with a budget of €6.35 million and implemented by the United Nations Industrial Development Organisation (UNIDO), this five-year initiative focused on enhancing the competitiveness of industries like cassava, mango, pineapple, cosmetics, and personal care. WACOMP not only facilitated market access but also connected over 500 SMEs to financial institutions, enabling them to secure credit up to GH¢4 million.During the closing ceremony in Accra, the EU Ambassador to Ghana, Irchad Razaaly, highlighted the project’s impact on Ghana’s business landscape, stating it has set a foundation for sustainable growth and prosperity. This initiative has also strengthened local production standards, with new quality standards developed and ISO 17025 accreditation granted to Ghanaian institutions, […]

Edem 4Style November 7, 2024

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