Moniepoint taps former Branch Kenya CEO to head its Kenya operations

Moniepoint has appointed former Branch Kenya CEO Rose Muturi to lead its Kenyan business following its acquisition of Sumac Microfinance Bank.

South Africa’s Cue raises $5 million to expand its  AI service agents

Cape Town founded Cue has secured it's largest funding yet. It was co-led by Knife Capital and FAM investments.

Rwanda designates eKash as national instant payment system

Rwanda has launched eKash as its national instant payment system, capping transaction fees at RWF 20 ($0.01).

Morocco’s central bank cuts electronic payment fees

Morocco will cap domestic card payment interchange fees at 0.50% from October 2026 as the central bank pushes to lower costs and expand digital payments.

Payaza expands to Australia and New Zealand to tap cross-border trade corridors

Nigerian fintech Payaza has launched in Australia and New Zealand after securing key regulatory approvals.

PayPal’s Xoom partners with Flutterwave to speed up money transfers to Nigeria

Xoom, a money transfer service owned by PayPal, has partnered with Flutterwave to enable users to send money directly to Nigerian bank accounts.

Shiprazor, Oze, Regxta and 12 others  get funding from Renew Capital

African early-stage investment firm Renew Capital has selected 15 companies for investment through its inaugural venture lab, EmFi Series.

Morocco’s biggest bank launches instant homeward transfers

Attijari Transfer facilitates instant transfers to Moroccan bank accounts.

Nigeria targets Big Tech, AI firms over AI training data

The companies are being investigated over allegations of unfair market dominance and the use of copyrighted materials to train AI models.

Analysis reveals nearly a million Trump memecoin Investors lost $3.8 billion

The $Trump Memecoin has cost investors $3.8 billion since launch

Y Combinator-backed LemFi acquires Wealth8 to expand into investing

LemFi has acquired UK-based investment platform Wealth8, marking its third acquisition in just over a year.

CBN revokes licences of NowNow, Sycamore, Creditville, OurPass and Casha Microfinance Banks

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks, including fintech-linked NowNow, Sycamore, Creditville, OurPass and Casha.