Old Mutual’s OM Bank adds about 2,100 customers a day in early 2026
OM Bank, Old Mutual’s new bank, grew from 284,000 customers at the end of 2025 to 473,000 by the end of March 2026.
African Development Bank hosts 2026 Private Sector Integrity Meeting in Cape Town
Integrity and compliance professionals from 27 multilateral development banks and development finance institutions met in Cape Town from 30 March to 1 April, the AfDB said on 4 June.
Development Bank of Nigeria disburses over N1 trillion to MSMEs
The Development Bank of Nigeria disbursed more than N1 trillion to over one million MSMEs, supporting creation of more than 1.6 million jobs since it commenced operations.
Flutterwave and Tempo partner to deploy stablecoin settlements across Africa
Flutterwave entered a strategic partnership with payments-focused blockchain network Tempo to build stablecoin-powered payment infrastructure aimed at enabling faster cross-border settlements and payments across Africa.
Ecobank Group shareholders approve $40m dividend as 2025 results confirm strength of GTR strategy
Ecobank Transnational Incorporated shareholders approved a US$40 million dividend for 2025 at the 2026 AGM in Lomé, marking the Group's first dividend since the 2022 financial year amid strong full year results under its GTR strategy.
WAEMU Banking Commission approves Bosquet's USD 100 million acquisition of Nedbank's Ecobank stake
The regional regulator cleared Cameroonian financier Alain Nkontchou's investment vehicle to complete the purchase of a 21.22% Ecobank stake.
South African Reserve Bank Raises Repo Rate 25bp to 7.00% in First Hike Since 2023
The MPC voted 4-2 to lift the policy rate as inflation risks intensified, ending an easing cycle that began in September 2024.
Investec Names Henrietta Baldock as Group Chair; Nkululeko Sowazi to Chair Investec Bank Limited
Investec announced that Henrietta Baldock will succeed Philip Hourquebie as Group Chair from 6 August 2026, with Nkululeko Sowazi taking the Investec Bank Limited chair.
Ecobank Prices USD 450 Million Tier 2 Nature Bond, First ICMA Nature-Designated Deal by an African Bank
Ecobank priced a USD 450m 10.25NC5.25 Tier 2 Nature Bond, the first ICMA Nature-designated issue by an African commercial bank, drawing a USD 1.36bn order book.
Nigeria's Zenith Bank Posts N360.9 Billion Q1 2026 Pre-Tax Profit as Gross Earnings Cross N1 Trillion
Zenith Bank reported first-quarter pre-tax profit of N360.9 billion and gross earnings of N1.008 trillion, with the NPL ratio easing to 3.79%.
Nigeria's GTCO Reports Q1 2026 Pre-Tax Profit of N302.9 Billion, Up 0.9%
GTCO reported Q1 2026 pre-tax profit of N302.9 billion, up 0.9% year on year, though after-tax earnings fell 15.4% as the income tax charge doubled.
MTN Group Fintech Agrees to Take 60% Stakes in MTN Nigeria's MoMo PSB and Y'ello Digital for N152.06 Billion
MTN Group Fintech will invest N152.06 billion for 60% stakes in MTN Nigeria's MoMo Payment Service Bank and Y'ello Digital, consolidating group control of the fintech unit.