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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Standard Bank has agreed to provide a $138m facility to Safaricom Ethiopia, backing network expansion as the operator scales in Africa’s second-most populous market.
Equity Group and KCB, the country’s two biggest lenders, on Wednesday announced that all new Kenya-shilling loans issued from December 1 will now be priced using the revised CBR of 9%.
Despite the scale of interventions, reserves climbed from $9.1 billion at the end of 2024 to $11.4 billion by October 2025, aided by a historic gold rally
The CBN’s new APP fraud draft rules shift liability across Nigeria’s payment system, introducing mandatory refunds, stricter timelines and Board-level oversight.
The NBE says the planned FX sale reflects ongoing efforts to to stabilise the local currency and support price and external stability.
The move comes weeks after the Bank of Ghana (BoG) urged more lenders to list on the Ghana Stock Exchange (GSE) to deepen liquidity and attract long-term investment.
The group’s half-year financials shows that while Access Nigeria’s profits plunged, its African peers—from Ghana to Rwanda and Mozambique—posted robust growth, helping rebalance the group’s earnings base.
The funding will allow the lender to issue more letters of credit, guarantees, and collections, helping clients navigate Ethiopia’s foreign-currency-constrained market.
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.
Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
The development comes a few weeks after the mid-sized bank slipped out of the ₦1trn market-capitalisation club.
he move makes JPMorgan the first US bank to re-enter the Angolan market since major international lenders withdrew in the mid-2010s over compliance concerns.
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.
A new fintech passport between Ghana and Rwanda lets startups expand across both markets without relicensing — a real test of Africa’s push for borderless finance.
From Nigeria’s Access Holdings and FirstHoldCo to Togo’s Ecobank, Kenya’s Equity Group and KCB, and Tanzania’s CRDB Bank, regional lenders are deepening their footprint in the vast Central African nation — long viewed as too risky for large-scale banking operations.
The directive comes at a time when investor sentiment in Ghana’s equities market is slowly improving after years of economic uncertainty.
Zimbabwe’s exclusion stems from years of economic shocks, hyperinflation, and currency instability that have eroded the balance sheets of local banks and diminished investor confidence.
Over the past decade, at least ten global banking giants — from Barclays to HSBC — have quit Africa, marking one of the most sweeping foreign retreats from the continent’s financial sector in modern history.
Access Holdings Plc, Nigeria’s biggest banking group by assets, will pay $109.6m (₦179.1bn) to complete the acquisition of National Bank of Kenya (NBK) from KCB Group Plc, according to its latest financial report.