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…
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,…
