NCBA Bank Cuts Lending Rate by 1%
NCBA Bank has lowered its base lending rate by one percentage point, trimming it from 15.34% to 14.34% per annum, effective immediately for new loans....
CBN Warns Banks and Fintechs: Strengthen Sanctions Compliance or Face Penalties
The Central Bank of Nigeria (CBN) has issued a firm warning to banks, payment service providers, and fintech companies, urging them to strengthen their sanctions...
CBK Lifts 10-Year Moratorium on Licensing New Commercial Banks
After nearly a decade-long freeze, the Central Bank of Kenya (CBK) has announced it will start issuing licenses to new commercial banks from July 1,...
Airtel Uganda Launches Africa’s First AI-Powered Spam Alert to Combat Mobile Fraud
Airtel Uganda has rolled out Africa’s first AI-powered Spam Alert Service, becoming the first telecom operator in East Africa to introduce automatic, network-level protection against...
J.P. Morgan Expands Blockchain Banking with GBP Launch
J.P. Morgan has expanded its blockchain-based payment system, Kinexys Digital Payments, to include British pound sterling (GBP), opening the door for faster, automated, and round-the-clock...
Access Bank Completes Acquisition of National Bank Of Kenya From KCB Group
Access Bank PLC has officially completed the acquisition of National Bank of Kenya (NBK) from KCB Group PLC. The deal, which saw Access Bank take...
Absa Bank Launches Absa Mzawa Account for Tanzanians Living in the Diaspora
Absa Bank Tanzania has officially unveiled the Absa Mzawa Account, a new banking solution designed specifically for Tanzanians living abroad. The product aims to strengthen...
NCBA Fined Sh 250,000 by ODPC for Mishandling Customer Email and Data Breach
Kenya’s Office of the Data Protection Commissioner (ODPC) has imposed a fine of Sh 250,000 on NCBA Bank over a data privacy breach involving the...
Why CBK Isn’t Worried About Trump’s Tariff Hit on Kenya
The Central Bank of Kenya (CBK) has downplayed the economic impact of the 10% tariff imposed by former U.S. President Donald Trump on Kenyan exports,...
Ecobank and SurePay Partner to Streamline School Fee Payments Across Uganda
Ecobank Uganda has teamed up with digital payment platform SurePay to make paying school fees easier, faster, and more secure for thousands of families across...