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Exclusive: Zest payments paid CBN ₦2.7 million over delayed 2023 audited financial report

Zest faces another setback as CBN fines it for missing audit deadlines.

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Nala, Wave, Stitch, and nine other African startups make Norrsken’s 2025 Impact 100 list

12 African startups made the 2025 Norrsken Impact/100 list, driving fintech, agritech, cleantech and climate innovation across the continent.

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MTN MoMo customers to enjoy free transfers on Independence day

MoMo Payment Service Bank is marking Nigeria’s 65th Independence Day with 24 hours of free money transfers nationwide on October 1.

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Ethiopia holds rate at 15% as inflation eases but stays above target

The National Bank of Ethiopia kept its benchmark rate at 15% as inflation eased to 13.6% in August despite Nigeria’s recent rate cut.

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Visa pilots stablecoins as pre-funding currency for global payouts

Stablecoins move from crypto gimmick to financial plumbing as Visa makes them part of its global payments network.

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Lendsqr partners with Creditregistry and CRC to offer free bureau reporting for lenders

Lendsqr, founded by Adedeji Olowe, has partnered with CreditRegistry Nigeria and CRC Credit Bureau Ltd to offer lenders free reporting.

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Mastercard Foundation picks Sewit Ahderom as new CEO, beginning January 2026

Sewit Ahderom will take over as CEO on January 1, 2026, continuing the Mastercard Foundation’s history of female leadership after Reeta Roy’s 18-year tenure.

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Pearl Nkrumah makes history as Access Bank Ghana’s first female MD

With 25 years in banking and three years shaping Access Bank Ghana’s retail arm, Pearl Nkrumah now takes the top job.

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First rate cut since COVID: CBN eases to 27% as inflation slows

Nigeria’s Central Bank cuts its benchmark interest rate to 27% for the first time since COVID, as inflation slows.

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Axian telecom Chair, Hiridjee tightens grip on Jumia as tower dispute unfolds in Uganda

Billionaire Hassanein Hiridjee’s Axian Telecom is battling in Uganda’s tower market while tightening control of Jumia.

Fintech

Kenya’s Bonto shuts down six months after getting its CBK licence

Bonto’s exit, just six months after getting its CBK licence, shows how unforgiving Kenya’s remittance market is for new players.

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Eyob Tekalign steps in as Ethiopia’s new Central Bank governor

Eyob Tekalign takes the hot seat at Ethiopia’s central bank with inflation and forex shortages waiting on his desk

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