AFRICA
Pepkor’s plan to launch a bank highlights how South Africa’s retail groups are using store networks, mobile channels and customer data to compete for mass-market financial services.
AFRICA
Abuja, Nigeria | 30 June 2025 – Africa has taken a historic leap toward financial sovereignty and payment independence with the official launch of PAPSSCARD, the continent’s first pan-African card scheme. The launch took place on 27 June 2025, during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, and is seen as a transformational milestone in Africa’s long-standing quest for intra-African financial integration. […]
GHANA
Accra, Ghana | June 20, 2025 In a significant step toward realising the vision of a financially interconnected Africa, Onafriq and the Pan-African Payment and Settlement System (PAPSS) have launched a new cross-border payment service in Ghana. The service, currently in its pilot phase, enables outbound transactions to neighbouring African countries and promises faster, more […]
AFRICA
The Ecobank Group has officially launched the 2024 Fintech Challenge, offering a $50,000 prize to innovative startups in the financial technology sector. This annual event aims to identify and support the most promising fintech innovations in Africa, fostering collaboration between startups and the broader financial ecosystem. The challenge invites startups to submit their innovative solutions […]
BUSINESS
The Fund for Export Development in Africa (“FEDA”), Afreximbank’s impact investment subsidiary, has announced its investment into Bloom Africa Holdings Limited (BAHL), a regional financial services platform operating across West Africa. BAHL holds interests in multiple financial institutions across Gambia, Sierra Leone, and Liberia operating as Bloom Bank Africa. These institutions function as full-service commercial […]