In an earlier article, “Kenya’s Payments Evolution: What Banks and Fintechs Can Learn from M‑Pesa and Mobile Operators,” we explored how Kenya, often referred to as the “Silicon Savannah,” was emerging as a global leader in mobile-money innovation and digital financial inclusion. One of the key takeaways was that banks had an awful lot of
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
