Bank One has extended a USD 5 million facility to ESATF, an African trade fund managed by the ESATAL fund management company, a TDB Group subsidiary, to support trade finance on the continent. The facility is designed to support the Fund’s growing loan book. The financing will be deployed to meet the rising demand for
EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank’s card portfolio. The collaboration aims to strengthen EGBANK’s strategy and reinforce its commitment to delivering a convenient, seamless and secure payment experience. Mastercard will support EGBANK in developing its portfolio of debit, credit,
Ecobank Transnational Incorporated (ETI) (www.Ecobank.com), the parent company of the Ecobank Group, is pleased to announce the appointment of Ayo Adepoju, the current group chief financial officer (CFO), to the Board as Group Executive Director, effective June 4, 2025. Ayo brings two decades of broad-based leadership experience and deep institutional knowledge as a proud product
Change Logic partnered with BankservAfrica to successfully deliver a change enablement programme for one of South Africa’s most ambitious payments modernisation initiatives. Through a structured and deliberate approach to change management, BankservAfrica engaged stakeholders across the financial services industry to ensure the seamless rollout of the industry-driven PayShap, setting a new benchmark for rapid and
If you’re a fintech operating in South Africa, your business relationships with a Politically Exposed Person (PEP) could lead to a very serious misstep within your business without the proper due diligence. That’s because screening for PEPs and Prominent Influential Persons (PIPs) is an increasingly important aspect of Anti-Money Laundering (AML). South Africa’s Financial Intelligence
Al Baraka Bank Egypt has announced the launch of a cooperation program in the field of foreign trade with Al Baraka Bank South Africa. The initiative aims to enhance economic and financial collaboration between the two branches through Al Baraka’s digital trade platform, as part of the broader Al Baraka Banking Group’s strategy to create
Synthesis is driving digital transformation in financial services, helping banks evolve with agility, security, and innovation. With over 20 years of experience, it delivers solutions across cryptography, cloud, data, payments, RegTech, digital transformation, and SoftPOS – built for the demands of modern banking. As cyber threats grow in complexity alongside technological advancement, Synthesis leads the
Innbucks is migrating its mobile platform to a new technology provider called Mambu. According to a press release, the move is “part of its transformation from a digital wallet solution to a fully integrated digital bank.” With an estimated 3 million subscribers, Innbucks has quickly become one of Zimbabwe’s largest digital wallets, the largest being
British bank Standard Chartered announced today the official opening of a new representative office in Casablanca, Morocco, further growing its presence in the Middle East and North Africa region. The move follows Bank Al-Maghrib’s approval of its license and the award of Casablanca Finance City (CFC) status by the Casablanca Finance City Authority. The new
In a country where over 60% of the population is under 25 and women remain underserved by formal banking, access to financial services can be a life-changing enabler. EmpowerBank Limited, Zimbabwe’s youth-focused microfinance institution, is meeting that need head-on by building a future where young people, including women, are equipped with the financial tools, knowledge,
