Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
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Investec says uneven Basel III rules raise capital costs for African banks. Strong ratios show its concern is not its balance sheet but how global reforms could limit credit and growth.
As Nigeria approaches 2026, a pre-election year, the banking sector is bracing for a complex mix of pressures and prospects that could reshape performance after two years of reform-driven windfalls.
Nigeria’s push for a $1tn economy hinges on expanding fair, transparent digital financing—mobilising its youthful population into productive, credit-enabled growth.
The development comes a few weeks after the mid-sized bank slipped out of the ₦1trn market-capitalisation club.
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DealMakers Africa noted that Africa’s most industrialised economy recorded 273 deals worth R1.62trn ($89.5bn) between January and September — a 239.6% surge from the same period in 2024.
The new representative office in Cairo underscores Standard Bank’s long-term view of Egypt as a key node for intra-African commerce and Gulf–Africa connectivity.
The decline marks a rare relief in South Africa’s prolonged unemployment crisis, which has persisted above 30% since the COVID-19 pandemic in 2020.
Business activity across major African economies showed mixed performance in October, with Nigeria recording the strongest expansion while South Africa and Egypt slipped deeper into contraction, according to S&P Global Purchasing Managers’ Index (PMI) data.
