Tanzania Launches Bank to Boost Agriculture
Tanzania has officially launched the Tanzania Cooperative Bank (TCB), a financial institution aimed at addressing the country’s long-standing gaps in agricultural financing. TCB, with an...
ABSA Kenya CEO Abdi Mohamed’s Salary Hits Sh109 Million After 39% Pay Rise
Absa Bank Kenya Chief Executive Officer Abdi Mohamed received a 39.7 percent salary increase in the year ended December 2024, bringing his total compensation to...
Safaricom Bets Big on M-PESA 2.0 with Sh 40 Billion Upgrade
Safaricom has announced a major upgrade to its mobile money service, M-PESA, with a Sh 40 billion investment aimed at boosting performance, reliability, and security....
Could Ethiopia’s Banking Upgrade Set a New Standard for Africa?
The National Bank of Ethiopia (NBE) has rolled out an upgraded version of its Ethiopian Automated Transfer System (EATS), now running on the ISO 20022...
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...