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    Governance, Policy & Regulations Forum

    Bank of Ghana, Yellow Card, and Stablecoins: The Unfinished Regulatory Tension

    On June 10, 2025, the Bank of Ghana (BoG) issued a stern notice: “Caution on Unlicensed Digital Platforms.” It called out YellowPay — a stablecoin-powered payment offering promoted by Yellow Card Financial Inc. 

    Ethiopia’s Long-Stalled Startup Act Gets a Green Light — Almost

    Entrepreneurs who meet the criteria will have a 90-day window to register and retroactively claim benefits — assuming, of course, they’re still around.

    Stamp Duties, SPACs, and Tech-IPO Turbulence — Egypt’s Crash Course in Exit Repairs

    If capital markets are meant to be the final destination for venture-backed growth, most African countries have yet to build the roads — let alone put up signs.
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    Fintech Unicorn Wave Caves to Regulators as BCEAO Holds Firm on West Africa’s Payment Deadline

    The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.

    African Fintech’s Debt Shift Comes With a Catch

    Headline totals hit $1.9bn, but a surge in collateralised debt and shrinking medians reveal a market concentrating around asset-heavy giants.

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

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    Fintech Unicorn Wave Caves to Regulators as BCEAO Holds Firm on West Africa’s Payment Deadline

    The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.

    African Fintech’s Debt Shift Comes With a Catch

    Headline totals hit $1.9bn, but a surge in collateralised debt and shrinking medians reveal a market concentrating around asset-heavy giants.

    The Commoditisation of LLMs Is Driving a Spree of Micro-AI Acquisitions

    Large language models can scrape the web, but they can't replicate deep domain expertise. From Cairo cold-emails to Cape Town acqui-hires, tech giants are paying up to buy niche capabilities.

    IFC Eyes $90M Equity Stake in Airtel Money as London IPO Gathers Momentum

    World Bank arm joins proposed listing of African fintech processing $245bn annually.