In a move aimed at streamlining the foreign exchange market and curbing illicit activities, the Central Bank of Nigeria (CBN) has directed all existing Bureau de Change (BDC) operators to...
South Africa’s Africanbank has recently undergone a significant brand refresh, introducing a new logo and slogan, “Africanbank backs you.” This makeover signifies the bank’s ambition to modernize and better serve...
In Africa, where millions remain outside the formal banking system, retail banks are pioneering initiatives to bridge the gap and extend financial services to the unbanked and underbanked populations. Recognizing...
In an era marked by unprecedented digital acceleration, Africa’s banking sector stands at the forefront of innovation, fueled by a robust digital transformation. The African Digital Banking Transformation Report 2023,...
Zenith Bank, a leading financial institution in Africa, has embarked on a journey of digital transformation, leveraging cutting-edge technologies to enhance customer experience and streamline banking operations. At the forefront...
Moniepoint, the Nigerian fintech powerhouse, is rapidly expanding its footprint across the African continent to bring its innovative financial services to underserved markets. Formerly known as TeamApt, the company has...
The recent decision by French banks to exit the African market has sparked significant interest and speculation regarding the implications for local banks in the region. This move, driven by...
South Africa’s second-largest insurer, Old Mutual, has received approval from the country’s Prudential Authority (PA) to establish a new bank, subject to certain licensing conditions. The PA, which falls under...
Small and Medium Enterprises (SMEs) are the lifeblood of Rwanda’s economy, contributing significantly to employment, innovation, and economic growth. However, accessing finance has been a perennial challenge for these businesses....
Recent data from the International Monetary Fund (IMF) has shed light on a significant shift in Africa’s economic landscape: Algeria is projected to surpass Nigeria as the continent’s third-largest economy....
