Fintech

MNT-Halan shares jump 18% on Egyptian stock market debut after $150m IPO

MNT-Halan shares rose 18% on their Egyptian Exchange debut after a $150 million IPO drew heavy demand, valuing its listed Egyptian business at about $745 million.

News

Shein and Temu Face Ban Campaign in South Africa as Unions Warn of Job Losses

South African trade unions are pushing to ban Shein and Temu over concerns about local manufacturing, retail competition and thousands of jobs potentially at risk by 2030.

Fintech

PalmPay UK posts £21.3m loss after writing off £3.65m loan

PalmPay (UK) Limited recorded a £21.34m loss before tax in 2025, as investment impairments alongside a £3.65 million loan write-off weighed on its financial results.

News

Onafriq shuts down Baxi agent banking in Nigeria

Onafriq is shutting down its Nigerian agent banking division, Baxi, following severe macroeconomic headwinds, naira devaluation, and rising competition in offline agency banking.

Fintech

Moniepoint’s UK accounts reveal a profitable tech business and a loss-making payments operation

Moniepoint Technologies UK Ltd earned £2.06 million in 2025 after a substantial loss the previous year. A separate UK entity reported a loss and received further capital support, offering a glimpse into the different businesses behind the fintech’s international operations.

Fintech

How FNB digital banking is changing the way South Africans bank

FNB is bringing more services together to change how South Africans bank, from WhatsApp eWallet and eBucks to My Advisor and FNB Connect.

Fintech

Who is Trademarks Global Concepts, the new majority owner of eTranzact?

Trademarks Global Concepts has taken control of eTranzact after acquiring a 56.18% stake from Access Bank and other shareholders.

Startup Life

What ITANA’s digital trade zone means for African startups

ITANA aims to help African startups operate from Nigeria, enjoy tax benefits and attract global investors.

Fintech

CashAfrica partners with Chicken Republic to drive tap-to-pay adoption in Nigeria

CashAfrica is taking tap-to-pay to Chicken Republic’s 350 outlets. Its CEO says contactless could go mainstream in Nigeria in eight months.

Fintech

Wise secures remittance licence in South Africa, continuing African expansion

SARB has formally appointed Wise as a Category Two Authorised Dealer in foreign exchange with limited authority.

Fintech

OPay targets $500M US IPO as H1 profit jumps 319%

OPay targets $500 million through a proposed New York IPO as revenue rises 136.5% and first half 2026 net profit jumps to $90.9 million.

Level Up

Level Up: Titilayo Oluwatosin On Product Marketing, Positioning, and GTM Strategy

Titilayo Oluwatosin shares insights on fintech product marketing, building in-house teams, product positioning, and driving growth across markets.