Standard Chartered has officially completed the transfer of its entire banking business in Cameroon to Access Bank Cameroon, marking the final step in its strategic withdrawal from the Central African market. The handover, confirmed in a statement, completes Standard Chartered’s…
FairMoney Microfinance Bank has declared its ambition to become one of Nigeria’s top five financial institutions within the next ten years, as the fintech deepens its push into consumer and small-and-medium-enterprise (SME) banking. Speaking at a media roundtable in Lagos,…
The heads of two of Africa’s foremost financial institutions affirmed a powerful commitment to enhanced collaboration. Dr. George Elombi, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), paid a courtesy visit to Dr. Sidi…
In a move set to streamline trade finance, Standard Bank Group has become the first African financial institution to officially offer transactions through China’s Cross-Border Interbank Payment System (CIPS). The system, which was formally inaugurated at a ceremony held at…
Two Kenyan banking giants, KCB Group and Equity Group, have secured spots in Africa’s top five best-performing banks in the prestigious annual ranking by The Banker, a Financial Times publication, with KCB placed third and Equity fifth on the continent.…
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Shariah-compliant multilateral insurer of the Islamic Development Bank Group, and the African Export-Import Bank (Afreximbank) have signed a far-reaching Memorandum of Understanding aimed at dramatically expanding trade…
Equity Group Holdings has reported a landmark net profit of $405 million (Sh54.1 billion) for the third quarter ending September 2025, a surge that underscores its rapid transformation into a dominant pan-African financial institution. The impressive results, representing a 32%…
Access Holdings Plc, Africa’s largest banking conglomerate by assets, has disclosed plans to remit $109.6 million (₦179.1 billion) to finalize its acquisition of National Bank of Kenya (NBK) from KCB Group Plc, as revealed in the company’s Q2 2025 financial…
Absa Group has successfully expanded its footprint in Uganda’s financial services sector with the acquisition of Standard Chartered Uganda’s retail and wealth management portfolio. The signing ceremony took place at Standard Chartered’s offices in Kampala, officiated by Maria Kiwanuka, Chairperson…
Zenith Bank Plc has launched Zecathon 5.0, the fifth edition of its flagship startup competition and innovation program, aimed at accelerating digital solutions and fostering groundbreaking ideas across Africa’s fintech and emerging tech sectors. Boasting a substantial N140 million prize…
