Access Bank has acquired Standard Chartered Gambia, continuing its Africa-wide M&A spree that includes Kenya’s NBK, South Africa’s Bidvest, Morocco, and Malta expansion.
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Guaranty Trust Holding Company Plc, one of Nigeria’s Tier 1 banks, is set to launch raise about $100 million dollars, ahead of Bank’s minimum capital requirement amid delisting from the ADR on the London Securities Exchange.
The lender’s latest move comes weeks after Access Bank’s – Nigeria’s biggest bank — received regulatory approvals from both counties to acquire National Bank of Kenya Limited (NBK) from KCB Group.
Moody’s has downgraded Afreximbank’s credit rating to Baa2, citing rising risks from its exposure to debt-distressed African sovereigns, particularly Ghana and Zambia
Under the new rules, Dedicated Electronic Money Issuers (DEMIs) and Enhanced Payment Service Providers (EPSPs) must reserve at least one-third of board seats for independent directors with no financial ties to the company. These directors cannot hold more than 5% equity stakes or maintain business relationships that could compromise their judgment.
While BAHL’s exit is relatively minor—it had no retail operations in Kenya—it adds to growing concerns about reduced access to trade finance and foreign capital as more global lenders cut back their presence.
By increasing green financing, the bank is looking to reduce its exposure to climate risks while positioning itself as a key player in Mauritius’ low-carbon transition.
Kenya’s Equity Group appoints six new directors and secures approval to open its first office outside Africa in the UAE, targeting diaspora and cross-border growth.
The NBE’s latest directive reinforces Ethiopia’s commitment to liberalise its tightly controlled financial sector and sends a strong signal to global investors that the country is now serious about attracting long-term capital, technology, and expertise into its banking industry.
Fidelity Bank Plc, one of Nigeria’s major commercial banks, has promoted 376 employees — representing 12% of its workforce — following a strong financial year that saw it deliver the highest profit growth in the country’s banking sector. In a statement on Thursday, the bank also announced a 20% salary increase across the board, marking…
The latest acquisition has raised questions about its timing, as it comes shortly after the Central Bank of Nigeria (CBN) barred banks under regulatory forbearance — including Access Bank — from investing in foreign subsidiaries.
Nigeria’s biggest bank by asset base has established a reputation for inorganic growth through aggressive mergers and acquisitions. It’s not the only bank expanding, but it’s doing this in markets few dare to go.
The Gulf African Bank deal is the latest in a string of mergers and acquisitions in Kenya’s banking sector.
In a sweeping overhaul of Nigeria’s credit system, the Federal Government has announced that all citizens’ credit scores will soon be linked to their National Identification Numbers (NIN).
The lender’s swift clarification comes after its shares tumbled nearly 8% in two days, following the CBN’s directive instructing banks with forbearance exposure to suspend dividend payments.
The banking index of the Nigerian stock market has dipped by as much as 4.17% since Nigeria’s apex bank ordered banks under regulatory forbearance to halt dividend payment
The global investment bank says Fitch’s recent downgrade has pushed the yields on Afreximbank’s 2029 and 2031 bonds above peers, making them attractive despite restructuring risks.
The report is the latest to spotlight the unintended fallout of the CBN’s aggressive monetary tightening, with the 50% CRR—the world’s highest—severely restricting banks’ ability to lend and generate income from deposits
The scale of the exposure emerged just days after Nigeria’s apex bank ordered lenders with unresolved forbearance loans to suspend dividend payouts, delay executive bonuses, and freeze new investments in offshore subsidiaries.
Nigeria-born fintech LemFi has acquired UK-based credit card issuer Pillar, marking a strategic pivot from cross-border remittances into the underserved migrant credit market.
Access Bank has officially taken over the operations of Standard Chartered Bank in The Gambia, concluding a transaction that marks the end of Standard Chartered’s 130-year presence in the country. The Central Bank of The Gambia confirmed on Thursday, 13 June 2025, that Standard Chartered’s banking licence had been voluntarily relinquished, following the full transfer…