Ethiopia’s National Bank of Ethiopia (NBE) has announced a new regulatory measure requiring commercial banks to apply indicative prices set by the Ethiopian Customs Commission when processing foreign exchange transactions related to selected imported goods. According to a statement issued by the central bank, the move is aimed at improving consistency, transparency, and data integrity
Paystack, the payments company building technology for ambitious businesses across Africa, has announced the launch of The Stack Group (TSG), a new parent holding company that will bring together Paystack and a growing family of tech-focused brands under a single corporate umbrella. TSG has been established to aggregate and support a set of complementary businesses
KCB Group Plc today announced that it has entered into a definitive agreement to invest in Pesapal Limited (Pesapal), marking a significant milestone for the financial and digital payments landscape across Africa. The proposed investment is expected to accelerate commerce, expand financial inclusion, and help unlock new pathways to prosperity for businesses of all sizes
CRDB Bank has entered three landmark partnerships with leading development finance institutions, FinDev Canada, DEG (KfW Group, Germany), and Shelter Afrique Development Bank (ShafDB), marking a significant milestone in its transformation journey to advance inclusive and sustainable finance across Africa. The Memoranda of Understanding (MoUs) were signed during the CRDB Bank Investors and Partners Forum,
Over 400 business leaders, policymakers, investors, and regional integration experts have gathered in Kampala for the 3rd Stanbic East Africa Business Summit, a premier platform dedicated to unlocking East Africa’s full economic potential through trade, investment, and collaboration. Held under the theme “Connected & Resilient: Scaling East Africa’s Regional Advantage,” the two-day summit, hosted by
Mukuru has entered into a strategic partnership with MoneyGram, linking two advanced fintech platforms to deliver faster, more affordable, and more inclusive remittance services across Africa, Asia, and beyond. By combining Mukuru’s technology-led Southern African infrastructure with MoneyGram’s global reach, the collaboration aims to strengthen cross-border payment ecosystems and provide customers with greater access and
PalmPay, a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year that PalmPay has earned a place among the world’s most innovative and impactful financial technology firms. The selection is based on a rigorous evaluation
Across Africa, access is widening but gaps remain. Mobile money and instant payment rails continue to scale, yet distance to service points, liquidity constraints, and rising digital risks still hold back formal usage especially outside cities. The strategic question for banks is the following – will branch-centric distribution keep pace or will everyday payments continue
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, today announced the launch of the country’s first Mastercard World Elite debit and multi-currency prepaid cards, powered by the Way4 digital payments platform from OpenWay. The new cards are designed to meet the evolving needs of Tanzania’s affluent and middle-market customers, offering lifestyle privileges, enhanced payment
Mama Money has officially partnered with Capitec to make it easier, safer, and more affordable for migrants in South Africa to send money home. This powerful collaboration brings together Mama Money’s inclusive remittance platform and Capitec’s trusted digital banking services, creating a solution designed with people at its heart. At its core, this partnership is
