Luno, a leading regulated digital asset platform operating across multiple emerging markets, has acquired GTXN, a cross-border payments company and fund manager in Kenya, and named Dan Kleinbaum as its chief executive officer. GTXN gives Luno the licensed rails to collect and pay out money across the corridors that link developed and emerging markets, offered
International Trade Centre (ITC) and The Access Africa Office, the coordinating office for the African subsidiaries of Access Bank Plc one of Africa’s leading pan-African financial institutions, establish a new partnership to boost access to finance for small and medium-sized enterprises, and increase access to markets and skills training, in 14 African countries. The programme
IFC has committed its first transactions in Africa under the Catalytic First Loss Guarantee (CFLG) Program, unlocking a new pathway to finance for Kenya’s entrepreneurs. Through partnerships with 4G Capital, Equity Bank Kenya, and KCB Bank Kenya Limited, the initiative is expected to catalyze approximately $144.4 million equivalent in local currency lending to microenterprises, women-owned
UnionPay International has actively participated in the premier 7th Africa Fintech Forum, held at the Villa Rosa Kempinski Hotel in Nairobi, Kenya. The strategic move signals a major milestone in solidifying its brand equity and expanding its footprint within the pan-African fintech ecosystem, while simultaneously accelerating digital payment innovation and scaling cross-border financial rails. As
NIFC (Nairobi International Financial Centre) continues to strengthen Kenya’s position as Africa’s leading destination for global capital by certifying a new cohort of firms spanning digital finance, climate and carbon markets, artificial intelligence, investment management, healthcare, fintech and capital markets innovation. The latest certifications add to the NIFC’s rapidly expanding and increasingly diverse portfolio of
Absa Bank Kenya and Unilever Kenya have signed an agreement for a KES 4 billion financing programme designed to address access to working capital, one of the most significant constraints facing distributors and retailers. The initiative is expected to strengthen Kenya’s consumer goods value chain while accelerating the growth of small and medium-sized enterprises (SMEs)
Yuno, the global financial infrastructure platform, today announced a strategic partnership with Onafriq, the leading Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly 1 billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors — all through
Temenos, a global leader in banking technology, and Interswitch Group, a leading integrated payments and digital commerce company in Africa, today announced a collaboration, wherein Interswitch will adopt Temenos technology to enhance its digital banking capabilities, supporting its growth and expanding access to modern financial services across the continent. Interswitch will use Temenos solutions –
Cross Switch, the payment technology company driving digital transactions across emerging markets, has appointed four senior leaders since the turn of the year. Together, these arrivals deepen the company’s capabilities across technology, operations and regional growth. The appointments span the executive team and two key regional markets. Jacob Yermalitski, a co-founder, has been promoted to
AfCFTA (The African Continental Free Trade Area) Secretariat and Ecobank Group today announced the signing of a Memorandum of Understanding (MoU) aimed at deepening economic integration across the continent and closing the trade finance gap. The Agreement seeks to expand access to trade and finance opportunities for African businesses, with particular focus on Small and
