A Nigerian multinational commercial bank, recently expanded into Kenya through acquisition.
CBK clears Nedbank’s 66% NCBA acquisition as the South African bank prepares to take control
The Central Bank of Kenya approved Nedbank's acquisition of up to 66% of NCBA Group on August 28, 2026. The acquisition is valued at KSh116.3 billion (US$855.82 million), marking a significant investment in the Kenyan banking sector.
DA MP’s fintech denies clients were kept in the dark
Kastelo is being investigated by the South African Reserve Bank for alleged exchange control violations. The Reserve Bank claims Kastelo circumvented exchange controls by using clients' allowances to externalize funds.
Why more Lesotho migrant workers are choosing fintechs to send money home
Mampe Seema began using Mukuru for remittances after facing difficulties with traditional banking. An estimated 400,000 Basotho migrants in South Africa are increasingly using fintechs for cross-border payments.
Fido Wins Six Awards At The 5th Ghana Fintech Awards
Fido won the Fintech of the Year title at the Ghana Fintech Awards. The company received five awards, including Fintech for Financial Inclusion.
Regulatory conditions block Access Bank’s Bidvest Bank acquisition
Access Bank's acquisition of Bidvest Bank has collapsed due to unmet regulatory conditions. The deal was terminated after Access Bank failed to meet key regulatory conditions by the deadline of January 26, 2026.
