Finance, Banking & Fintech

Lending, payment systems, capital markets, digital wallets, regulatory compliance, and risk management.

Digital Payments Surge and the Dawn of Africa’s Cashless Economy

Posted on by Newsroom Operations
Digital Payments Surge and the Dawn of Africa’s Cashless Economy

As Africa accelerates toward a cashless future, digital payments are no longer a fringe convenience — they are rapidly becoming the backbone of commerce, personal finance, and cross‑border trade across the continent. Recent data and industry trends reveal a profound transformation in how Africans transact, access financial services, and participate in the digital economy.   Mobile Money: Africa Leads Globally According to the 2025 “State of the Industry Report on Mobile Money” from GSMA, Africa…

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As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

Posted on by Newsroom Operations
As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

Nairobi, Kenya – African economies are entering what analysts describe as a critical juncture, as a wave of withdrawals by foreign banks prompts an urgent reassessment of competitiveness, regulation and financial sector strategy across the continent. Recent years have seen a growing exodus of major global banking institutions from Africa. European and UK-based banks that for decades operated in multiple African markets are now scaling down or completely exiting. According to latest reports, Africa’s overall…

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