Access Bank, Africa’s biggest full-service commercial bank, has collaborated with the British Council to launch the seventh edition of the British Council Recognition and Outstanding Cambridge Learner Awards (BROCLA). The collaboration aligns with Access Bank’s commitment to encourage the educational sector and recognise students who have excelled on national and global stages in the May/June […]

Kenyan identity management startup Peleza has merged with YC-backed Prembly to form the Prembly Group. Both companies have declined to provide specific financial details of the transaction. Prembly, known for its identity verification, security, and compliance services, will now integrate Peleza’s expertise in conducting business background checks. This merger aims to leverage Peleza’s critical partnerships […]

A cloud-based financial business founded in Colombia called Minka has declared its intention to grow its operations throughout Africa. The company’s initial phase of expansion will involve the establishment of stores in Eastern and Southern African nations. With intentions to expand into Southern African markets like Mozambique, Zambia, and Malawi, Minka began operations in East […]

Fintech companies in Nigeria, particularly those looking to attract capital, have been advised by experts to put profitability first in their business plans before contacting investors for investment. As they pointed out, the days of merely submitting ideas to potential sponsors in the hopes of receiving cash are long gone. “Building Trust in the Digital […]

Nigeria is on the edge of a financial revolution in the rapidly changing realm of digital banking. The need for accessible, practical, dependable financial services has never been more significant as the global pandemic has hastened digitalization. FirstCredit by FirstBank emerges as an innovative digital lending solution designed to meet the demands of Nigerians, who […]

In the verdant expanses of North-West Ghana, a transformative initiative is taking root, promising to empower women with the tools for financial independence and environmental stewardship.  A staggering 400 Village Savings and Loan Associations (VSLAs) are being established, with the noble aim of equipping at least 10,000 women with robust financial literacy skills. This ambitious […]

Mama Money, a cross-border money transfer operator in Africa, has partnered with Access Bank and Paymentology to introduce a groundbreaking bank card service. This new offering leverages the popular messaging platform WhatsApp to provide a wide range of banking services, setting a new standard for financial accessibility and convenience. Through WhatsApp, the Mama Money Card […]

In a seed round led by Disruptech Ventures, Algebra Ventures, and Lorax Capital Partners, Egyptian fintech Connect Money raised $8 million. One Stop and MDP also participated, the company said in a statement recently. Ayman Essawy, Marwan Kenawy, and Momtaz Moussa started the company in 2023. They had already started Dsquares, an Egyptian reward solutions […]

International Money Transfer Operators (IMTOs) may sell foreign exchange in the official window as long as the value of the naira remains relatively stable, according to the Central Bank of Nigeria. The Central Bank of Nigeria (CBN) has announced that eligible International Money Transfer Operators (IMTOs) will now have direct access to the foreign exchange […]

Flutterwave, a leading African payments technology company, has laid off 24 employees, representing 3% of its workforce. This reorganisation is part of Flutterwave’s efforts to streamline operations and focus on its core business areas, particularly enterprise payments and the expanding remittance segment through its SendApp. Olugbenga Agboola, founder and CEO of Flutterwave, emphasised the data-driven […]

Fidelity Shield Insurance has launched My Afya Shield, a groundbreaking health coverage product aimed at advancing healthcare access in Kenya. This initiative underscores Fidelity Shield’s commitment to preventive healthcare and wellness enhancement for its members. My Afya Shield offers a comprehensive suite of benefits, including access to medical treatments, vaccines, counselling services, mental wellness support, […]

The African Banking Corporation of Tanzania (ABCT) Limited, formerly held by Atlas Mara Limited, has been bought successfully by Access Bank Plc, a commercial bank that encourages and delivers sustainable economic growth that is profitable, environmentally responsible and socially relevant. Following the completion of this deal, ABCT will combine with Standard Chartered Bank Tanzania’s business, […]

Nigerian fintech startup Regxta has emerged victorious in the fourth edition of the Pitch2Win competition, securing a substantial reward of US$10,000 in funding without equity requirements. Additionally, the startup has earned a fully-funded opportunity to attend IVS2024 in Kyoto, recognised as Japan’s premier conference for startups. Read also: Fintechs pioneering financial inclusion in Nigeria, says World […]