Standard Bank and JUMO launch social finance framework to scale inclusive lending
JUMO launched a Social Finance Framework in late August, developed with Standard Bank’s Sustainable Finance team, creating a structure for mobilising social loans and bonds to expand financing for underserved individuals and smaller businesses across African markets.
Kenya's KCB Group unveils $2.3 billion sustainability bond framework for green, blue and social projects
KCB Group launched a KSh 300 billion sustainability bond framework covering green, blue and social projects with a Moody's SQS-2 sustainability quality score.
Kenya's Equity Group reports 32% rise in H1 2026 profit after tax to KSh 45.5 billion as regional push delivers
Equity Group Holdings' half-year net profit surged 32% to KSh 45.5 billion, with total income up 25% and non-funded income up 36%.
Absa Group reports 8% rise in H1 2026 headline earnings to R12.8 billion and lifts ROE to 15%
Absa Group's first-half headline earnings rose 8% to R12.8 billion as revenue grew 4%, impairments edged down and the interim dividend was lifted to 850 cents.
Standard Bank Group delivers 10% rise in H1 2026 headline earnings to R26.1 billion with 19.8% ROE
Africa's largest lender by assets posted headline earnings of R26.1 billion in the first half, up 10%, with a return on equity of 19.8%.
Nigerian-founded Moove raises USD 250 million Series C at USD 2.1 billion valuation led by Mubadala
Nigerian-founded mobility fintech Moove has raised USD 250 million in a Series C round led by Mubadala at a USD 2.1 billion valuation to scale its autonomous vehicle business.
Nedbank Group posts flat H1 2026 headline earnings of R8.4 billion as ROE eases to 15.0%
Nedbank’s first-half headline earnings were flat at R8.4 billion as 6% revenue growth was offset by higher impairments and the absence of ETI associate income; the group raised its NII guidance.
Stablecoin infrastructure firm Yellow Card raises USD 40 million for LatAm and APAC expansion
Yellow Card has closed a USD 40 million strategic funding round to scale its Global USD Accounts and deepen its presence in Latin America and Asia Pacific.
Central Bank of Nigeria discloses N430 million in fines on banks for complaints-handling failures
The CBN 2025 Annual Report disclosed N430 million in 21 penalties for delays in resolving customer complaints and failures to comply with CBN directives, plus N1.26 billion in other penalties.
South African Reserve Bank holds repo rate at 7.00% in split 4-2 MPC vote
The SARB held the repo rate at 7.00% on a 4-2 vote, with two members preferring a 25 bp hike as inflation reached 5.0% in June, above the 3% target.
Central Bank of Nigeria holds monetary policy rate unchanged at 306th MPC meeting in July
The CBN's Monetary Policy Committee held the policy rate and all other parameters unchanged at its 306th meeting, citing 15.91% June inflation and Middle East tensions.
Stanbic Bank Kenya names Michael Mutiga as CEO effective 1 August 2026
Stanbic Bank Kenya has named Michael Mutiga, formerly of Safaricom and Citibank, as CEO effective 1 August 2026, subject to Central Bank of Kenya approval.