Credit Bank in Kenya allocates Kshs 1bn to support small businesses
Credit Bank allocated Kshs 1bn to fund small and medium enterprise lending, directing capital to support Kenya's SME sector through targeted financing solutions aimed at expanding access to credit.
VALR CEO urges South Africa to lift exchange controls to spur investment
VALR CEO Farzam Ehsani called on South Africa to lift exchange controls, as the crypto industry pushed back against national treasury's draft Capital Flow Management Regulations.
Investec tweaks airport lounge access rule for Private Bank clients
Investec changed its airport lounge benefits, with Private Bank account holders now required to be at Investec Rewards partnership level two or above to qualify.
PayInc index falls to seven-month low as South Africa's economy slows
The PayInc Economic Index dropped 2.1% month on month to 102.6 in May, its lowest level since November 2025, as higher inflation, fuel costs and a rate hike weighed on activity.
Access Holdings shifts from acquisitions to returns, aims to be Nigeria's Standard Bank
Access Holdings' chairman Aigboje Aig-Imoukhuede said the group had ended its aggressive acquisition phase and was refocusing on value creation and shareholder returns while aspiring to be Nigeria's equivalent of Standard Bank.
World Bank cuts 2026 global growth forecast to 2.5% as Iran war hits outlook
The World Bank cut its 2026 global growth forecast to 2.5% from 2.6% in January, citing the Iran war, with growth forecasts downgraded for two thirds of economies.
CBN proposes new limits on banks' funding of sister companies in Nigeria
The Central Bank of Nigeria proposed strict limits on loans, guarantees, asset transfers and other financial exposures between banks and affiliated companies under a new framework to curb contagion.
Access Holdings appoints Abiodun Adigun as CEO of Oxygen X
Access Holdings Plc appointed Abiodun Adigun as managing director and chief executive officer of its digital lending subsidiary Oxygen X, which focuses on financial inclusion.
Access Holdings pledges dividend resumption and long-term value creation at AGM
Access Holdings Plc said at its fourth annual general meeting that the board committed to resuming dividend payments once relevant regulatory conditions were met, and signalled a shift from growth for growth's sake.
Zimbabwe seeks $150 million AfDB loan to address debt default and arrears
Zimbabwe's finance minister said the government sought a $150 million loan from the African Development Bank to help tackle a long-running debt default and clear billions of dollars in arrears.
South Africa's central bank says financial system remains resilient despite Iran war
The South African Reserve Bank's Financial Stability Review warned that the oil price shock could prompt tighter monetary policy, and flagged capital outflows, fiscal dynamics, household distress and AI-driven cyber risk.
South Africa fully funds 2026/27 foreign-currency borrowing with $3.2 billion of concessional loans
National Treasury said the programme was funded entirely by development finance institutions and multilateral lenders, with no commercial bond issuance, and it will seek no more foreign currency funding this fiscal year.