BREAKING: Airtel Money plans 2026 IPO amid fintech growth push

Airtel Money has been a significant growth driver for Airtel Africa. The service operates in 14 countries across the continent, including key markets like Zambia, Uganda, Tanzania, Malawi, Gabon, and the Democratic Republic of Congo.

Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline

This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.

Egyptian fintech, Money Fellows eyes North Africa with $13M funding boost

North Africa is increasingly becoming an attractive market for digital financial services, driven by high mobile phone penetration and a growing tech-savvy population.

Exclusive: Nigerian Fintech Bankly gets acquired by C-One Ventures

Bankly’s CEO and co-founder, Tomilola Majekodunmi, will step back from daily operations but remain involved in an advisory role.

Kenya partners with Canadian firms to launch blockchain-powered digital exchange

Kenya's Nairobi Securities Exchange is partnering with Canadian blockchain firms to launch the Kenya Digital Exchange (KDX) a regulated platform for tokenizing real-world assets.

VBank rebounds to profitability with ₦366 million in 2024

VFD Microfinance Bank's positive performance contributed to a wider recovery for its parent company, VFD Group Plc, which also rebounded to profitability after a ₦750 million ($471,824) loss in the previous year.

“Zap is not a remittance app,” Paystack explains

The clarification follows a report suggesting that Zap requires an International Money Transfer Operator (IMTO) license and was launched without regulatory approval from the Central Bank of Nigeria (CBN).

Peach Payments acquires PayDunya in Francophone Africa push

Peach Payments expands into Francophone West Africa with the acquisition of PayDunya bringing the SA fintech's market coverage to 12 in Africa

EXCLUSIVE: Earnipay cuts workforce amid profitability push

Earnipay lays off staff as it focuses on business lending, joining a wave of African startups rethinking growth amid a harsh funding climate.

Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024

Profitability may be an uphill task for Zest, but total income is not. The fintech doubled its total income to ₦124 million from ₦68 million in 2023, showing great traction and promise

Exclusive: Paystack issues cease and desist notice to Zap Africa amid product trademark controversy

“We registered the [Zap] trademark across multiple classes, including financial services — a class where Zap Africa has no filing registration.”

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch