AFC Secures $524 Million Dual-Currency Samurai Loan to Strengthen Infrastructure Investment Across Africa
Africa Finance Corporation raises a record $524 million dual-currency Samurai term loan, expanding its footprint in Japan’s capital markets and boosting funding for critical infrastructure projects across Africa.
GCR Upgrades FairMoney’s Credit Rating as Fintech Posts Strong 2024 Revenue Growth
FairMoney has earned upgraded long- and short-term ratings from Global Credit Ratings (GCR), supported by strong cash flow, improved portfolio quality, and rising dominance in Nigeria’s microlending industry.
Temu Partners with Dellyman to Boost Delivery Speed and Customer Trust in Nigeria
Temu partners with Lagos-based logistics startup Dellyman to enhance delivery times and strengthen customer trust in Nigeria’s growing e-commerce market, leveraging Dellyman’s tech-driven logistics network.
OPay Opens New Ibadan Office to Strengthen Nationwide Expansion and Boost Customer Support
OPay has launched a newly upgraded office in Ibadan as part of its nationwide expansion, aiming to enhance customer support, merchant services, and financial inclusion for millions of users across Nigeria.
Nigeria’s Smartphone Market Surges 29% in Q3 2025 as Naira Stability Fuels Major Recovery — Omdia Report
Nigeria’s smartphone market recorded a 29% surge in shipments in Q3 2025, driven by Naira stability, increased vendor imports, and rising demand for sub-$150 devices. An Omdia report highlights a broader recovery across Africa.
FNB App Outage Disrupts Card Payments in South Africa on Busy Retail Day
FNB customers faced app authentication issues on Friday, affecting online and in-store card payments. Many switched to OTPs, alternative cards, and contactless methods as Black Friday transactions were delayed.
Lesaka Technologies Secures Approval to Acquire Bank Zero for R1.1 Billion, Strengthening Digital Banking Presence
South Africa’s Competition Tribunal approves Lesaka’s R1.1 billion acquisition of Bank Zero. The deal expands Lesaka’s digital banking capabilities, strengthens its balance sheet, and accelerates growth for the fully digital bank.
Nigeria and France Strengthen Collaboration on Data Governance and Digital Economy
The Nigeria Data Protection Commission (NDPC) engages French authorities on data governance, AI, and digital economy strategies, boosting cross-border collaboration and innovation in the digital space.
16 Nigerian Banks Meet New CBN Minimum Capital Requirements as Recapitalisation Push Intensifies
CBN Governor Olayemi Cardoso says 16 Nigerian banks have met the revised minimum capital base, while 27 others are raising funds ahead of the March 2026 deadline. Learn about the recapitalisation drive
Stablecoin Market Records Sharpest Decline Since 2022 as $6 Billion Wiped Out in November
The global stablecoin market has seen its steepest monthly contraction since the 2022 Terra collapse, losing over $6 billion in November. Explore the causes, market implications, investor sentiment, and the future of stable digital assets.
