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    Policy & Regulations Forum

    Policy & Regulations Forum

    Nigerian Taxman Halts Freemium Banking for Fintech Companies with New Transfer Levy

    This move marks the end of the freemium banking era for millions of Nigerians, who have long enjoyed cost-free electronic transactions from the country’s fast-growing financial technology sector.
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    EASTERN AFRICA

    Ethiopian Banks Fight for Their Share of Remittances with $900M DEBO Fund

    Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.
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    Policy & Regulations Forum

    Effective Immediately: Free Internet for 18–25 Year Olds in Mauritius, Courtesy of Telecom Leader Emtel

    The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.
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    Policy & Regulations Forum

    Ethiopia Launches First-Ever Regulatory Sandbox to Boost Fintech Startups

    The application window for the first cohort of the Regulatory Sandbox is now open and will close on September 30, 2024. You have 30 days to submit your application.
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    In the last month alone, major economic blocs in East, Southern, and West Africa have launched ambitious interoperable platforms.
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    How a Paper Fortune of $2.68m Vanished for a South African VC-Backed Fintech Founder

    Last year, TLcom Capital, together with Flourish Ventures, backed South African fintech LittleFish. However, that investment ended up in court, with one of LittleFish's founders fighting for his 'life' in the company post-deal.

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