A major South African bank focused on providing a wide range of financial services, including personal and business banking.
NCBA looks to DRC and Ethiopia as acquisition strategy expands across Africa
NCBA Group is preparing to expand into the DRC and Ethiopia, seeking acquisition opportunities. Managing Director John Gachora indicated that NCBA aims to enter these markets shortly after the Nedbank acquisition.
South Africa’s banks have become the exit ramp for its fintechs
Nedbank acquired payments fintech iKhokha for R1.65 billion. Capitec has purchased WalletDoc.
Nedbank’s NCBA Acquisition Nears Next Stage After Regional Approval
Nedbank's acquisition of NCBA has received approval from the CCCC and EACCA, removing major regulatory hurdles. The transaction involves a controlling 66 percent stake in NCBA Group, valued at about Sh110 billion.
Nigerian Fintech Fincra Acquires Payment License To Operate in Ghana
Fincra has secured a Payment Service Provider Licence from the Bank of Ghana. The licence allows Fincra to process local transactions in Ghanaian cedis.
Standard Bank Anchors $330 Million Refinancing for Optasia as Africa’s Banks Line Up Behind the JSE-Listed AI Fintech
Optasia closed a $330 million syndicated financing facility to refinance existing debt and support future growth. The financing facility includes a $180 million term loan and a $150 million working capital facility.
