BUSINESS NEWS REPORT – July 2021

Every month Africa HR Solutions curates the latest high-impact news across Africa. Check out the latest business news for July 2021.

Naira digital currency

The Central Bank of Nigeria is planning to introduce its own digital currency

The Central Bank of Nigeria (CBN) has announced that the trial plan for its digital currency would begin on October 1, 2021.

The decision was reached during a CBN webinar in which the central bank discussed its digital currency initiative.


Google Game Developers

Google is launching a program for game developers in Nigeria, Kenya, and Ghana

Google has announced the launch of a new five-month training program for game developers in Africa.

The aim is to enable participants to successfully build, scale, launch, and promote the next generation of great mobile games in collaboration with Maliyo Games, a Nigerian mobile game developer.


Smile Identity

MTN plans to invest $1.5 billion to boost Smile Identity raises $7M to build KYC and identity verification tools for Africa

An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report that states that 81% of this number live in sub-Saharan Africa and South Asia without official proof of identity.

Smile Identity plans to use the new investment to improve its services, expand across more markets, add support for more ID types and hire more engineers and support staff across Africa.


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