🌍 Access Bank secures the green light to acquire Kenya's National Bank, expanding its reach across East Africa’s largest economy. With an estimated $100 million deal, Access Bank will increase its footprint to 77 branches across 28 counties. Here’s what this move means for Kenya’s banking sector! 💸

Nigerian fintech leader Moniepoint has secured $110 million in Series C funding to supercharge its digital banking platform for businesses across Africa. With a track record of innovation and impact, Moniepoint is poised to transform financial access on the continent, bringing seamless banking, payments, and credit services to millions.

Stanbic Bank Kenya has completed a major upgrade of its core banking software, aiming for enhanced security and improved user experience. Despite brief service disruptions, the bank’s transition to the latest technology signals a drive for modernized banking in a competitive market.

Kenya is set to revolutionize its financial landscape with the introduction of a new Fast Payment System (FPS). This cutting-edge platform will ensure seamless transactions between banks and fintechs, eliminating existing barriers. The FPS promises to enhance accessibility, making financial services more convenient for all Kenyans.

🌍 Access Bank is growing its African footprint! The Nigerian banking giant has secured a provisional license from the Central Bank of Namibia, allowing it to operate for six months starting October 2024. This move marks a major milestone in its continental expansion strategy. 🚀

🌍 Okra's new cloud product, Nebula, enters the Nigerian market at a time when companies are looking for affordable, local alternatives to global giants like AWS and Azure. With payments in naira and a focus on reducing forex exposure, Nebula could be a game-changer for Nigeria's cloud ecosystem. 🚀

Kenyan commercial banks are set to implement stricter tracking measures for large transactions, following a recent directive from the Central Bank of Kenya. This move aims to enhance transparency and curb money laundering, impacting how businesses and individuals manage high-value transfers. 🏦💰

Kenya's NCBA Group, the fourth-largest bank by market capitalization, has taken a significant leap in its expansion strategy by acquiring AIG Kenya. This move aims to strengthen its foothold in Kenya's $2.3 billion insurance industry. Discover how NCBA is positioning itself as a universal bank to meet all financial needs. 🏦

Ethiopia is gearing up for a financial revolution! 🇪🇹 The National Bank of Ethiopia is introducing a legal framework for a Central Bank Digital Currency (CBDC) as part of its bold economic reforms. Discover how this could transform the nation's financial landscape. 🚀

TymeBank, Africa's fastest-growing digital bank, is on the verge of securing $150 million in Series D funding. This ambitious move aims to propel its valuation to unicorn status and fuel its expansion into new markets, including Indonesia, by the end of the year. With a profitable track record and strategic partnerships, TymeBank is poised for significant growth.

Access Bank has made a significant move to strengthen its presence in East Africa by acquiring African Banking Corporation of Tanzania (ABCT) Limited. This acquisition is a crucial step in the bank's strategy to expand its operations and drive intra-African trade within the East African region and beyond.

Discover how TecHustle, a groundbreaking Ghanaian startup, is building Africa’s largest small business network for global trade. By offering innovative financial services and market access, TecHustle is leveling the playing field for millions of unbanked and underbanked small businesses across the continent. 🚀🌐

Zone has unveiled a game-changing point-of-sale payment gateway, "ZonePOS," promising instant settlements and blockchain-based fraud protection. 🌍💳 With this innovation, Zone is set to revolutionize digital payments across Africa, promoting financial inclusion and efficiency. 🚀

Leading Nigerian fintechs, including Kuda Bank, Moniepoint, OPay, and Palmpay, are back to enrolling new customers after a suspension period. This pause, mandated by the Central Bank of Nigeria (CBN), aimed to enhance compliance and curb unauthorized forex transactions. Discover how this regulatory move shapes the future of digital finance in Nigeria.

In a market where traditional banks shy away from retail lending, BlackCopper emerged as a beacon of hope for small businesses in Nigeria, offering collateral-free loans. But now, the Techstars-backed startup faces a crisis, owing investors over ₦1 billion amidst a storm of defaults and questionable loan recoveries.

The National Bank of Rwanda (BNR) is advancing toward a cashless economy with a proposed retail central bank digital currency (CBDC), aiming for offline transfer capabilities. The feasibility study underscores the potential resilience and efficiency gains of a digital currency, especially in a country prone to power outages. The BNR advocates for an interest-free, interoperable CBDC with token-based technology for offline transfers, a move that could formalize more of Rwanda's economy and reduce cash circulation costs.

Tanzania's Central Bank implements strict measures targeting unlicensed digital lenders, aiming to curb predatory lending practices and protect consumers from high-interest rates and debt-shaming tactics.

Kenya's DTB Group shakes up its management team as it sets its sights on expanding its market presence in East Africa, aiming to reach 10 million customers by 2026. 📈

💳 Get ready, Nigeria! Starting May 20, 2024, every electronic transaction will come with a 0.5% cybersecurity levy. But what does this mean for your digital payments?

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.