The Central Bank of West African States, responsible for regulating the banking sector in West Africa.
How debt will drive the future of African startups
Obsolete regulations and strict banking rules hinder Francophone African startups from obtaining funding. A fintech passport agreement between Ghana and Rwanda could facilitate cross-border growth.
Côte d’Ivoire’s CDC-CI Capital Invests $1.4 Million in Payments Startup Julaya to Boost Regional Expansion
CDC-CI Capital invested 800 million CFA francs in Julaya through a convertible bond agreement. The investment was signed on October 17, 2025, marking a significant step in supporting local fintech ventures.
Ivorian fintech Djamo secures first microfinance licence with no objection from the BCEAO
Djamo secured a microfinance license from BCEAO after a 3-year process. It is the first fintech in West Africa to obtain such a license.
Flutterwave Secures Full License to Launch Seamless Payments in Senegal
Flutterwave secured a Payment Institution license from the BCEAO. The license allows Flutterwave to offer payment services in Senegal.
