Economy· August 17, 2026 at 01:40 p.m.
Sudanese Fintech Firm Al Asjad Files Lawsuit Against Central Bank Over License Cancellation
Key takeaways
- Al Asjad has filed a lawsuit against the central bank
- The lawsuit aims to reverse the cancellation of Al Asjad's license
- The central bank revoked Al Asjad's license in March
A Sudanese fintech firm, Al Asjad, has filed a lawsuit against the country's central bank following the cancellation of its license. The move comes after the central bank revoked the company's license in March, citing violations of banking regulations. The lawsuit seeks to reverse the decision and restore the company's operations. This development highlights ongoing regulatory challenges for fintech firms in Sudan.