Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business through its wholly owned subsidiary, Emirates NBD Egypt, expanding its presence in one of Africa’s largest banking markets. The transaction includes HSBC Egypt’s retail banking portfolio, branch and ATM network, customer base and relevant employees. While the financial terms were not disclosed, HSBC said…
GoTyme Bank has been named Africa’s Best Digital Bank 2026 by Euromoney, recognising its rapid growth and innovative approach to digital banking that has attracted 13 million customers in South Africa. Formerly known as TymeBank, the bank has become South Africa’s fastest-growing digital bank and was among the fastest digital banks globally to achieve profitability….
29th Connected Banking Summit Opens in Addis Ababa to Drive Digital Finance Transformation The 29th Connected Banking Summit & Innovation & Excellence Awards has opened in Addis Ababa, bringing together banking executives, regulators, policymakers and technology providers to explore the future of digital financial transformation in Ethiopia and emerging markets. Held at the Ethiopian Skylight…
Standard Bank Connect, the MVNO arm of Standard Bank, has expanded its digital connectivity offering with the launch of an eSIM service, marking a key milestone in its strategy to deepen integration between banking and telecommunications services. The move follows strong growth, with the platform now serving around 350,000 customers since its relaunch from Standard…
Verto has launched a new solution under Verto Business Accounts, designed to empower US-registered businesses with operations in Africa. The initiative allows companies to open USD accounts in their own business name, providing a seamless way to move money between the United States and African markets. This addresses a critical need for businesses facing banking…
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…
