Discover the latest on Equity Bank's $2.1M debit card fraud, with 19 arrests made in connection. This incident shines a light on the escalating issue of cybercrime in Kenya's financial landscape, prompting increased tech investments by local banks to combat fraud.

Nigerian banking giants, including Access, GT Bank, UBA, and First Bank, race against time to meet the Central Bank's stringent capital requirements by March 2026, signaling a significant shake-up in the country's banking sector.

African agritech startup, ThriveAgric, and climate action arm Acorn Rabo Bank join forces to empower Nigerian farmers with carbon credit access, aiming to remove 1.3 million metric tonnes of carbon emissions and generate $56 million in revenue, marking a significant step towards sustainability and financial inclusion.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Ethiopia's Commercial Bank (CBE) grappled with a technical malfunction as customers, including students, withdrew excess funds. Now, after a concerted effort, the bank has largely recovered from the incident.

The Bank of Uganda's reclassification of Guaranty Trust Bank (GTBank) and two others from Tier I commercial banks to Tier II credit institutions signals a strategic shift in the Ugandan banking landscape.

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.

Discover how Access Holdings and Coronation Group are teaming up with M-Pesa to reshape the remittance landscape, connecting millions across East and West Africa.

Despite its small economy, Rwanda is gaining international attention for its efforts to position itself as an international financial centre. Kigali is now the fastest-growing financial hub in Africa, according to a new report.

Access Bank's acquisition of National Bank of Kenya (NBK) marks a significant move in its East Africa expansion strategy, valued at around $100 million, pending regulatory approval. 📈💰

South African fintech startup Float receives an $11 million funding facility from Standard Bank, marking a significant milestone in its journey to revolutionize the credit card industry. With plans to expand its card-linked installments platform, Float aims to reshape consumer spending habits while empowering merchants.

Nigeria's Access Bank strengthens its presence in Kenya with the acquisition of the National Bank of Kenya from KCB Group, marking its second Kenyan acquisition in recent years. 🌍💼

Interswitch, backed by Visa, embarks on a new phase with its merger with M-Kudi, eyeing a payment service bank (PSB) license from Nigeria's Central Bank. But what does this mean for the fintech giant and the future of banking in Nigeria?

Ghana's Central Bank takes decisive action, suspending the foreign exchange licenses of Guaranty Trust Bank and FBN Bank for one month, citing various regulatory breaches. The move underscores the country's commitment to enforcing forex market regulations and ensuring financial institutions adhere to strict guidelines.

Unlocking financial inclusivity, Ugandan fintech FutureLink pioneers a community-driven marketplace, providing the unbanked access to tailored and affordable financial services. Born out of a Stanford-led transformation, the MSACCO app enables users to choose, transact, and earn dividends seamlessly, revolutionizing financial cooperatives' approach and democratizing finance. 🚀💳

Lagos-based digital bank FairMoney is reportedly in early-stage talks to acquire Umba, a credit-led digital bank operating in Nigeria and Kenya, in a $20 million all-stock deal. The move aligns with FairMoney's growth strategy and signals its interest in the Kenyan market, while also highlighting the challenges faced by fintechs in Africa amid a tightening funding environment. If successful, this acquisition could provide FairMoney with a microfinance license in Kenya, streamlining its entry into the market. 🌍💰

Discover how Buy-Now-Pay-Later (BNPL) startups like CDCare and CredPal in Nigeria are adapting to the dual effects of rising inflation and changing consumer behaviors. From surging demand for installment payments due to reduced purchasing power to the cautious optimism in the face of economic uncertainties, these startups are reshaping their strategies to thrive amidst challenges. 🇳🇬💳

Firstmonie, the agency banking arm of First Bank of Nigeria, dominates the country's agency banking market, processing over ₦1.1 trillion in transactions in 2023, surpassing the combined total of major banks. Fintech players, including Moniepoint and Opay, are gaining momentum, outpacing traditional bank-led services, driven by agility, accessibility, and innovations in response to the 2023 cash crunch.

Dive into the future of business finance! Carbon has acquired Vella Finance, creating Carbon Business—a game-changing AI-driven platform offering businesses insights, low-cost loans, and innovative solutions. Join the financial revolution!

In the wake of the tragic demise of Access Bank's former CEO, Herbert Wigwe, Bolaji Agbede steps in as the acting Group CEO, bringing a wealth of experience and understanding of the Access culture. The appointment reflects the bank's robust succession planning practices.

💔 In a tragic incident, Herbert Wigwe, the esteemed CEO of Access Bank and Access Holdings, met with a fatal accident in the United States. Beyond his financial prowess, his legacy as a philanthropist and visionary leader transcends, leaving an indelible mark.

Discover the turbulent journey of African neobanks like TymeBank, Carbon, and FairMoney as they navigate the path to profitability in a market ripe with challenges. Despite recent profit milestones, a closer look reveals the complex dance between revenue growth, bad debt, and the pursuit of sustainable business models. 🚀💳

Nigeria's Central Bank, in collaboration with AMMBAN, is set to enhance PoS terminals with a fraud-flagging feature, requiring specific KYC details for transactions. The move aims to combat fraud at agent locations, with launch expectations by the end of Q1 2024.

Access HoldCo, the parent company of Access Bank, is on the verge of regulatory approval for acquiring ARM Pensions, positioning itself as a major player in Nigeria's $34.9 billion pension market. This move follows Access HoldCo's strategic expansions, including the integration of Sigma Pension and First Guarantee Pension, potentially challenging Stanbic IBTC for the top spot. The acquisition faces scrutiny from both NGX and PenCom, ensuring financial stability and safeguarding pensioners' interests.

As M-PESA experiences a service disruption in Kenya, PesaLink, a real-time fund transfer platform, is set to launch a merchant payments option, providing an alternative for users frustrated by the outage. Amidst customer demands for enhanced features, PesaLink aims to rival M-PESA's offerings with a separate merchant payment service, promising an innovative and independent ecosystem.