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…
Ghana’s fast-growing digital banking startup, Affinity Africa, has surpassed the 100,000-customer milestone, marking a major achievement for the company as it continues to redefine financial inclusion across the country. Founded in 2022 by Tarek Mouganie and publicly launched in 2023, Affinity has quickly gained traction as a fully regulated, branchless digital bank, providing accessible, affordable,…
PayTabs Egypt and Valu have joined forces in a strategic partnership to accelerate Egypt’s digital payment transformation through the launch of the Valu Merchant App. The app introduces a smart, contactless payment experience, empowering merchants to accept digital payments directly from their smartphones without the need for traditional point-of-sale (POS) hardware. This marks a major…
FNB has been named the Best SME Bank in Africa for 2026 by Global Finance, a recognition that affirms its leadership and excellence in serving small and medium enterprises across the continent. The prestigious award, part of the 2026 Best SME Bank Awards, evaluates institutions worldwide based on their knowledge of SME markets, innovation, product…
Cassava Technologies has reinforced its leadership in Africa’s digital transformation journey with the appointment of telecoms veteran Marco Gagiano as Global Head of Connectivity, effective September. The company announced that Gagiano’s appointment marks a strategic step towards strengthening its leadership team and accelerating its mission to become the continent’s leading provider of digital solutions. This…
Sophos, a global leader in cybersecurity, has unveiled Sophos Advisory Services, a new suite of proactive security solutions designed to help organizations identify, assess, and mitigate vulnerabilities before cybercriminals can exploit them. This initiative marks a significant step in empowering businesses to strengthen their cybersecurity posture, enhance compliance, and build long-term resilience against evolving digital…
