30 results
- 21 Mar 2024
Access Bank to Acquire National Bank of Kenya
Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The deal will see…
- 29 Jul 2022
Central Bank of Kenya Bars Banks from Dealing with Flutterwave, Chipper Cash
Central Bank of Kenya (CBK), Kenya’s apex bank, has instructed commercial banks in the country to stop dealing with Nigerian fintechs, Flutterwave Payment Technology and Chipper Technologies. The CBK…
- 14 Apr 2025
Kenyan CBN Okays Access Bank Full Acquisition Of NBK
Access Bank, a subsidiary of Nigeria’s Access Holdings Plc, has received final regulatory approvals to acquire 100 per cent shareholding of the National Bank of Kenya (NBK), marking a significant…
- 15 Jul 2014
Path Solutions is No. 1 Best Selling Islamic Software Provider Worldwide for 5th Year
Path Solutions, a global leader in Islamic banking software solutions and services, today announced that it has maintained its 1st place position in the IBS Islamic Core Banking Systems Sales League…
- 23 Jan 2026
Zenith Bank Gets Regulatory Approval for Full Takeover of Paramount Bank
Zenith Bank, Nigeria’s second biggest lender by market value, has received approval from the Competition Authority of Kenya (CAK) to acquire 100 percent of Paramount Bank Limited, clearing a key…
- 19 Oct 2025
Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System
By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…
- 23 Jan 2016
Letshego Acquires 100% Stake in FBN Microfinance Bank
‎Letshego Holdings Limited, a Gabarone-based financial inclusion focused group with consumer, micro lending and deposit-taking subsidiaries across Southern and East Africa, has acquired a 100%…
- 11 Jun 2012
East Africa Going Cashless: Lessons for Nigeria
Last month at the Open Africa Innovation summit in Nairobi which was hosted by Nokia and World Bank group, subject matter experts, innovators, technology providers ,policy / regulators…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 26 Mar 2015
MasterCard Debuts MSMEs Focused Acceptance Development Program in Nigeria
MasterCard has launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to…
- 5 Aug 2014
Ghana's Fidelity Bank Seals 5 Year Deal with IBM
At the U.S. Africa Business Forum in Washington, D.C on Tuesday, Ghana’s Fidelity Bank announced its choice of IBM to manage its technology infrastructure and services. The five year deal will help…
- 20 Nov 2019
Fintechs Dangle Loans Online without Collateral
A growing number of Nigerians are now getting loans to meet their daily financial needs, thanks to the boom in financial technology industry. Whether it’s a personal loan, medical loan, rent…
- 24 Mar 2026
USDC Stablecoin to Expand Reach in Africa via Circle–Sasai Partnership
Circle Internet Group, Inc., one of the world’s leading internet‑financial platform companies, has entered a partnership with Sasai Fintech, a business within Cassava Technologies, to expand access…
- 10 Aug 2010
Bharti Airtel, Appoints African Professionals to Drive Continent’s Business
Bharti Airtel, a leading emerging market telecom services provider, today announced the appointment of African professionals to its top management as it moves to entrench its operations on the…
- 9 Mar 2021
AfDB Approves $1.3 million Grants to Enhance Women’s Digital Access to Loans and Micro-insurance
The African Development Bank, AfDB, has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The…
- 1 May 2020
Covid-19: Opportunity for Govt Payment Digitization and Financial Inclusion in Africa
By Emmanuel Okoegwale Since the beginning of 2020, the World had been gripped by the unprecedented COVID-19 pandemic crisis affecting millions of people across all the continents including Africa…
- 13 Jun 2023
ThriveAgric Empowers over 500,000 Smallholder Farmers to Scale Food Production in Africa
Agricultural technology company, ThriveAgric, has today released its 2022 Impact Report reiterating the company's mission to build the largest network of profitable farmers and accelerate an Africa…
- 15 Jul 2024
FCMB Unit CEO Calls for Innovation and Resilience Amid Economic Challenges
At the BusinessDay CEO Forum, Chukwuma Nwanze, MD/CEO of Credit Direct Finance Company Limited (Credit Direct), FCMB Group's consumer finance arm, emphasized the critical role of innovation and…
- 4 Nov 2013
55m Nigerians Unaware Of Mobile Money-Philips Consulting
Close to 40 percent of Nigerians, representing almost one-third of the population, are still unaware of the service, a survey carried out by Philips Consulting has shown. Using 1987 sample size,…
- 2 Jul 2016
WorldStage Economic Summit 2016 to Address Nigeria’s Unemployment Challenges
With a total of 22.4 million Nigerians unemployed or under‐employed out of the 76.9 million total labour force, Worldstage Economic Summit (WES) 2016 (http://worldstagegroup.com/wes/) will be…
- 7 Nov 2018
AMP Condoles Odogwu Family, Says Africa Lost a Worthy Son
Anioma Media Professionals (AMP) has offered its condolences to the family of Chief Sony Iwedike Odogwu, the Ide Ahaba who passed at 91. A statement signed by Messrs. Hugo Odiogor and Ken Ugbechie,…
- 26 Nov 2024
Remittance Services in Africa: What Businesses Need to Know
Remittances represent a major source of financial inflow for African countries. The United Nations identifies remittances as a vital lifeline for more than 200 million Africans. It notes that beyond…
- 29 Jun 2016
Liquid Telecom & RBH Agree to Acquire Neotel
On Tuesday, Liquid Telecom, a privately owned Pan-African telecoms group majority owned by Econet Global, announced that it has entered into an agreement to acquire South African communications…
- 10 Apr 2017
Nigeria Occupies 7th Place on PoS Transactions in Africa
Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria CommunicationsWeek has learnt. According to a report by Indexmundi…
- 14 Feb 2023
Treepz Launches Treepz Kenya as it Continues African Expansion Plan
The award-winning African Mobility Startup, Treepz has announced the successful launch of Treepz Kenya following strategic investment deals to raise additional $1.2m over the last 12 months. Treepz…
- 14 Dec 2015
MNOs to Get Super-Agent Role in Mobile Money Ecosystem
Contrary to speculations making the rounds that Central Bank of Nigeria (CBN) is planning to license Mobile Network Operators (MNOs) to operate Mobile Money business. They will be given…
- 22 Sept 2025
African Parliaments Move to Plug $587Bn Annual Revenue Leakages
Lawmakers from several African countries converged in Abuja on Monday to collaborate on strategies to block the annual revenue leakages of $587 billion, as reported by the African Development Bank…
- 2 Dec 2014
UBA, Airtel to Provide New Mobile Financial Services Across Africa
United Bank for Africa (UBA), one of the largest financial services companies in Africa is partnering with Bharti Airtel, a leading telecommunications services provider with operations in 20…
- 26 Jun 2020
Subdued Hit from COVID-19, Subdued Rebound Too
By Gregory Kronsten The impact of COVID-19 on output in Nigeria is likely to be less severe than on many comparable economies. The IMF’s World Economic Outlook in April saw GDP contraction of -3.4…
- 4 Aug 2015
ISPON Urges Nigerian Banks to Invest in Tech Startups
The Institute of Software Practitioners of Nigeria (ISPON), an umbrella body for indigenous software companies in the country, has recommended that Nigerian banks should emulate their foreign…