Ghana on Monday declared its intention to introduce the e-Cedi, its central bank digital currency (CBDC) later this y following years of development and delays. The Bank of Ghana (BoG) has been developing the e-Cedi since 2021, and a successful pilot program has been implemented in specific regions, including Sefwi Asaafo. However, economic and regulatory […]

Nigerian fintech startup, Moniepoint Inc., partnered with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), on March 1 to distribute five million AfriGO cards across Nigeria. Moniepoint’s network and infrastructure will be used to roll out NFC-enabled AfriGO cards, which will improve digital payments and financial inclusion. Read also: […]

Fawry, Egypt’s largest electronic payment platform, announced on February 26, 2025, a strategic investment of $1.6 million in three Egyptian fintech startups: Dirac Systems, Virtual CFO, and Code Zone.  This move supports Fawry’s goal of developing its “Fawry Business” ecosystem to offer digital solutions to businesses across sectors. Read also: KCB Bank becomes first East […]

MTN Group Fintech in collaboration with Paysky on Wednesday launched Market by MoMo, an e-commerce platform designed to give Ugandan business owners and customers a hassle-free digital market experience. Market by MoMo is a one-stop shop for purchasing and selling a variety of goods, such as electronics, groceries, clothing, cosmetics, and more, is provided by […]

MTN MoMo, in partnership with Mastercard, Diamond Trust Bank and Network International, launched a Virtual Card on Thursday to facilitate safe online transactions in Uganda. The Virtual Card is an inventive payment solution created to allow MTN MoMo customers to conduct safe online transactions without requiring a physical card or bank account. In line with […]

The KCB Group has reaffirmed its commitment to advancing financial integration and cross-border trade throughout the continent by joining the Pan-African Payment & Settlement System (PAPSS). This new development was announced by the bank on Thursday. Benefits for KCB Bank customers Being the first bank in East Africa to incorporate PAPSS into its systems, KCB […]

Global chipmaker Nvidia Corporation announced sales of $39.3 billion for the fourth quarter that concluded on January 26, 2025, which was a 78 percent gain year over year and a 12 percent increase from the prior quarter. The firm revealed the figures in its financial report, which was made public on Wednesday. It attributed the […]

On Wednesday, Gozem, a leading super app in Francophone Africa, announced that it has secured $30 million in Series B funding.  This investment, a combination of equity and debt, was led by SAS Shipping Agencies Services Sàrl, a MSC Mediterranean Shipping Company SA subsidiary, and Al Mada Ventures. The funds will bolster vehicle financing and […]

Rwanda Finance Limited and the Africa Fintech Network (AFN) announced a strategic partnership on Tuesday, aimed at advancing the fintech ecosystem in Rwanda and Africa. The partnership focuses on driving the growth of digital finance, promoting financial inclusion, and fostering fintech development through policy advocacy, capacity building, and knowledge exchange. Read also: MTN Group Fintech […]

Ecobank Uganda held a special meeting with its Small, Medium, and Enterprise clients on Tuesday to reintroduce its banking products for SMEs and have conversations about expanding their businesses. Customers were able to engage with the bank’s Board Members, EXCOs, relationship managers, and bank managers, exchanging perspectives on important subjects such as daily difficulties, digital […]

MTN Group Fintech, Africa’s top provider of mobile financial services, has selected Network International (Network), a prominent facilitator of digital commerce in the Middle East and Africa (MEA), as a Payment Processor-Issuing partner on Tuesday. With this cooperation, Network’s portfolio of issuer processing partnerships across the African continent has grown significantly. MTN Group underlines that […]

TAJBank Limited, Nigeria’s non-interest banking services provider, was recognised as the nation’s most inventive and value-driven non-interest lender at the recently completed IFN Awards in Dubai. A statement released on Monday claimed that TAJBank has earned the title of “Best Islamic Bank in Nigeria” as a result of an international survey/poll carried out by the […]

This week, the financial services company Spring Sky Finance Company will introduce its online banking services in Nigeria. According to a statement released by the company on Monday, this creative project intends to alleviate economic hardships by improving access to credit and expediting loan processing for both individuals and enterprises. Dr. Helen Oritsejafor, the company’s […]