Ghana, UK Launch Digital Corridor to Bridge $7B Trade Gap
Ghana and the UK have kicked off talks on a digital trade finance corridor via the Neofingo network, targeting the West African nation's $7 billion annual trade finance shortfall. The initiative promises to empower SMEs with shared digital tools for global trade.
South Africa Holds Repo Rate at 6.75% Amid Middle East Tensions
The South African Reserve Bank kept its repo rate unchanged at 6.75% on March 26, citing global uncertainty from Middle East conflicts pushing up oil prices and inflation risks.
South Africa's Standard Bank Targets 8-12% EPS Growth Through 2028
Africa's largest lender by assets unveiled ambitious three-year targets at its Capital Markets Day, projecting steady earnings expansion and shareholder returns amid continental expansion.
Mastercard and Scale Simplify African Card Issuance for Fintechs
Mastercard and Scale are removing barriers to card programme launches across five African nations, introducing a unified integration model that streamlines the traditionally complex process of issuing virtual and physical cards for fintech companies and non-financial institutions.
Namibia's DBN Launches N$400M Women Financing Drive
The Development Bank of Namibia has launched 'DBN For Her,' a facility backed by a N$400 million African Development Bank loan, offering loans up to N$10 million for women-owned businesses, at prime rates, with a 12-month interest-free grace period and flexible collateral options.
South Africa's Littlefish Secures $9.5M Series A for African Expansion
South African fintech Littlefish has raised $9.5 million in Series A funding led by Partech to scale its merchant infrastructure platform, already powering merchant services for Standard Bank, FNB and Absa.
Kenya Becomes First Market for Inverite's Digital Credit Infrastructure Platform
Canadian fintech firm Inverite launches its Digital Credit Infrastructure initiative in Kenya through a partnership with Weritas Technologies, aiming to bridge the gap between digital financial participation and formal credit access in one of the world's most advanced digital financial ecosystems.
Circle Teams with Sasai Fintech to Boost USDC in Africa
Circle Internet Group has partnered with Sasai Fintech, part of Cassava Technologies, to integrate USDC into digital payments across Africa, aiming to reduce costs and settlement times for remittances and business payments. The move taps booming stablecoin demand amid currency volatility.
M-Pesa Ethiopia Strikes Amhara Tax Payment Deal
M-Pesa Ethiopia has inked an MoU with the Amhara Regional State Revenue Bureau, enabling over 450,000 taxpayers to pay via mobile money and bypass physical offices. The bureau is the first regional tax authority in Ethiopia to add mobile money to its payment options.
Climate Fund Managers Joins Climate Bonds Network to Expand Africa Access
Climate Fund Managers has gained membership in the Climate Bonds Network, positioning itself to unlock green finance flows to emerging markets across Africa and South Asia through specialized training and blended finance innovation.
Kenyan Banks Surge Domestically and Regionally in 2025
Kenyan banks posted robust 2025 profits, with Equity Group up 55% to Sh75.5 billion and KCB at a record Sh68.35 billion, fueled by interest income growth and East African expansion. Equity was named Africa's strongest banking brand and ranks among the world's top 10.
South Africa's Happy Pay Secures $5M Seed Led by Partech
Cape Town-based BNPL innovator Happy Pay raises $5 million in seed funding to scale its ad-subsidized, zero-interest payments network serving 600,000 users. Partech leads with local VCs backing merchant-funded model amid South Africa's costly credit landscape.