Standard Bank and the SA SME Fund have joined other credible investors in backing venture capital firm Knife Capital’s new…
Latest in Banking
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BankingBusiness
Equity Group Bags Top Position as Best Bank in SME Financing Award
by Val Lukhanyuby Val LukhanyuEquity Bank Kenya has today been recognized by the Kenya Bankers Association (KBA) at the 2021 SFI Catalyst Awards for…
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BankingBusinessFintechStartups
ProvidusBank partners with Mastercard, Interswitch and Thales to launch contactless Tap-to-Pay transactions in Nigeria
Nigeria’s ProvidusBank has partnered with Mastercard, Interswitch and Thales Group to launch a new Tap-to-Pay service aimed at reducing dependency on cash transactions, stimulate innovation and drive…
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ApplicationsBankingFintech
African digital banking app Waya set to launch in Washington DC
by Val Lukhanyuby Val LukhanyuWaya, a full-service digital bank and money transfer app for African immigrants is set to launch in Washington, DC on…
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BankingBusiness
Ecobank Group’s Payment Service RapidCollect Enables Businesses to Collect Payments Across Africa with Only One Account
Group, Ecobank Group, has simplified collections across Africa through RapidCollect ,a platform that enables Ecobank’s business customers to receive payments from…
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KCB Bank Kenya and IFC have signed a partnership that aims to boost the growth of climate finance in Kenya…
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NCBA Group has announced plans to invest $16.6 million in its Tanzanian subsidiary this year, a move that will see the…
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BankingBusiness
Equity Group records 36% growth in the first half of 2022
by Val Lukhanyuby Val LukhanyuEquity Group has today released its 2022 half-year results that continue to reflect a sustained digital transformation with 99 per…
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BankingBusiness
PWC and KBA partner to release the 2021 Kenya Banking sector Total Tax Contribution
by Val Lukhanyuby Val LukhanyuPwC Kenya in partnership with the Kenya Bankers Association (“KBA”) has today released the 2021 Total Tax Contribution (“TTC”) study…
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BankingBusiness
KCB Group Plc to Acquire 85% of DRC-Based Lender Trust Merchant Bank
by Val Lukhanyuby Val LukhanyuKCB Group Plc has entered into a definitive agreement with shareholders of (Trust Merchant Bank)TMB to acquire a majority stake…
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BankingBusiness
Absa Bank to invest kes 2bn in digital upgrades, launches instant online account opening platform
by Val Lukhanyuby Val LukhanyuAbsa Bank Kenya has announced that it will invest more than KES 2 billion this year in technological upgrades that…
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Ecobank , the African banking group has won the coveted titles of ‘Africa’s Best Bank,’ ‘Africa’s Best Bank for SMEs,’ and ‘Africa’s Best Digital…
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BankingWomen
Absa Bank Kenya hosts women entrepreneurs for the PanAfrican InspireME Conference
by Val Lukhanyuby Val LukhanyuAbsa Bank Kenya yesterday hosted over 3,000 businesswomen from across Africa for a one-day mentorship conference aimed at empowering women…
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The World Bank has appointed Victoria Kwakwa a Ghanaian national, as the new World Bank Vice President for Eastern and Southern Africa, effective…
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BankingBusiness
Absa Bank Kenya, Visa partner to launch domestic and cross-border remittance service
by Val Lukhanyuby Val LukhanyuAbsa Bank Kenya has partnered with global payments technology platform Visa to launch a domestic and cross-border remittance service ”…
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BankingBusiness
African Development Bank Appoints Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex
by Val Lukhanyuby Val LukhanyuThe African Development Bank (AFDB)has appointed Mr Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex, effective 20…
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BankingBusiness
Centum sells Sidian bank for Sh4.3 bn to Nigerian Lender, Access Bank
by Val Lukhanyuby Val LukhanyuCentum Investment Company Plc has signed an agreement with Access Bank Plc to sell its entire equity stake in Sidian…
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ADCB-Egypt, a member of Abu Dhabi Commercial Bank Group , has extended its collaboration with Temenos to offer the next-generation digital…
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The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May…
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BankingBusinessFintech
Cellulant, UBA launch gateway for cashless payments in Kenya
by Val Lukhanyuby Val LukhanyuUnited Bank of Africa (UBA) Kenya and Pan-African payments company Cellulant have partnered to launch a payments gateway to accelerate…
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BankingEntrepreneurshipWomen
We-Fi announces New Round of Funding for Women-owned Small Businesses In Africa
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial…
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Leading African digital payments company DPO Group has added a new form of payment that will allow merchants to get…
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BankingBusinessFintech
Branch International picks Kenya as its Pan-African digital bank launchpad
by Val Lukhanyuby Val LukhanyuGlobal digital financial solutions provider Branch International has outlined plans to roll out a true Pan-African digital bank with Kenya…
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Equity Group, East, and Central Africa’s largest financial services Group, has been named the 5 th strongest banking brand in…
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Equity Bank has once again been named among global giants in banking. The Kenyan lender has been ranked position 39…
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BankingDigital
I&M Bank Kenya partners with global banking software provider Backbase to launch omni-channel platform for digital banking
As part of its strategic intent to bolster its customers’ access to digital banking services, I&M Bank Kenya has partnered…
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Standard Bank and Amazon Web Services (AWS) have announced an expansion of their strategic relationship to drive the growth of…
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KCB Group PLC has completed the acquisition of Banque Populaire du Rwanda Plc (BPR) from Atlas Mara Mauritius Limited and…
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The Group distinguished itself for its role in safeguarding and cushioning the lives and livelihoods of its host communities. Equity…
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Banking
Rafiki Microfinance Bank Has Been Ordered To Pay A BodaBoda Rider KSh 2 Million As Compensation
Knowing your rights is a very important thing and it is reassuring to know that the law can be in your favour. A bodaboda rider was compensated by Rafiki microfinance bank for using his image in an advert without consent.
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