Absa has announced a strategic partnership with Huawei to implement a cutting-edge Private Cloud Solution designed to accelerate its transformation into a digital-first, cloud-native financial institution. This collaboration marks a significant step in Absa’s journey to lead with technology-driven innovation, enhancing its ability to deliver faster, more secure, and personalized banking services across Africa. The…
CBZ Holdings Limited has announced the appointment of Munya Chiura as the new Executive Director for International Markets, a role that will lead the organisation’s growth across Africa, the United States, and beyond. With over 25 years of experience in market expansion, business development, and partnerships in the fintech and financial services sectors, Chiura brings…
MTC Namibia has partnered with the Bank of Namibia and key industry stakeholders to advance the Fintech Youth Programme, a strategic initiative aimed at nurturing youth-driven innovation in the digital finance sector. This collaboration represents a significant step in strengthening Namibia’s fintech ecosystem by empowering young entrepreneurs with the tools and support needed to develop…
The Global Settlement Network (GSN) has announced a landmark partnership with Diacente Group to tokenize $5.5 billion worth of real-world infrastructure assets across Africa, signaling a major shift toward digital transformation in key economic sectors. The initiative will bring assets from agriculture, renewable energy, minerals, and logistics onto blockchain infrastructure, creating a secure and scalable…
PAYDAY, a Tunisian fintech and insurtech startup, has successfully secured its first pre-seed funding round led by UGFS North Africa, with participation from TALYS Group and BioProtection SA, valuing the company at $3 million. Founded in 2024, PAYDAY is pioneering an integrated model that combines salary-backed financing with micro-Takaful protection, positioning itself at the forefront…
The West African Development Bank (BOAD) has marked a historic milestone with the successful issuance of a €1 billion bond with a 15-year maturity, setting a new benchmark as the longest euro-denominated bond ever issued by an African Multilateral Development Bank. This groundbreaking achievement reflects strong investor confidence in BOAD’s strategic vision and financial resilience,…
Moniepoint Inc. has secured an additional US$90 million in fresh funding, bringing the total raised under its ongoing Series C round to US$200 million, solidifying its status as one of Africa’s most influential fintech powerhouses. This new capital injection was led by Development Partners International’s African Development (ADP) III fund with participation from global investors…
FNB and RMB Private Bank have introduced Swoo Pay, a new digital wallet option designed for Huawei and Android device users, expanding access to safe and seamless contactless payments. The launch marks a significant step in ensuring inclusivity for customers whose devices run on HarmonyOS or AndroidOS without Google Services. Through this partnership, users can…
