News
Nigeria: SEC Warns Public Against Transactions with Risevest and Stecs
The Securities and Exchange Commission (SEC) has issued a warning to the public against engaging in investment transactions with Risevest (Victoria Island) Cooperative ...
Kenya
Kenya: KCB Bank and Mastercard Launch Kenya’s First Multi-Currency Prepaid Card
KCB Bank, in partnership with Mastercard, has introduced Kenya’s first multi-currency prepaid card, offering a transformative solution for cross-border financial transactions. Supporting 11 ...
Africa
Africa: Accrue Secures $1.58 Million Seed Funding to Advance Cross-Border Payment Solutions
Fintech startup Accrue has raised $1.58 million in seed funding to expand its cross-border payment services across Africa. The round was led by ...
Africa
Africa: Waza Launches Lync to Revolutionize Cross-Border Transactions for African Businesses
Waza, a Y Combinator-backed B2B payments startup, has introduced Lync, a cutting-edge banking product designed to transform how African businesses manage international transactions. ...
Fintech
Kenyan Fintech Associations Unite to Form The FinTech Alliance
In a groundbreaking move for Kenya’s financial technology sector, five major representative associations have come together to establish The FinTech Alliance (TFA), a ...
Fintech
Nigeria: Moniepoint Breach: N1.1 Billion Stolen in Dark Web Operation
Moniepoint Microfinance Bank has suffered a significant cybersecurity breach, with over N1.1 billion reportedly stolen through a sophisticated dark web operation orchestrated by ...
News
Nigeria’s Central Bank Establishes Compliance Department to Enhance Financial Sector Transparency
In a decisive move to bolster transparency and accountability in Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has announced the establishment ...
Innovation
Nigeria: NESG Unveils 2025 Macroeconomic Outlook Report
The Nigerian Economic Summit Group (NESG) has launched its 2025 Macroeconomic Outlook Report under the theme, “Stabilisation in Transition: Rethinking Reform Strategies for ...
Africa
Africa: Sava and Access Bank Launch SARB-Approved Digital Banking Platform for South African SMEs
Sava has secured regulatory approval from the South African Reserve Bank (SARB) to launch a cutting-edge digital banking platform designed specifically for small ...
News
Nigeria’s Collective Investment Schemes Surpass ₦3 Trillion
The Securities and Exchange Commission (SEC) has announced that the value of collective investment schemes (CIS) in Nigeria has exceeded ₦3 trillion as ...