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51 results for "banking"
Nigeria's telecom regulator created a new system to protect people from fraud when phone numbers get reassigned. The portal will help prevent identity theft tied to recycled SIM cards across banking, social media, and government services.
Kenya just plugged into a continent-wide payment network that lets 240 African banks send money across borders instantly in local currency. No more waiting days or losing money to expensive dollar conversions.
Over one million Nigerians now own smartphones and have credit histories thanks to a company that ditched traditional banking rules. More than half are accessing formal credit for the very first time.
While Kenya's banking sector struggles with a 15.5% bad loan ratio, one micro-lender is achieving 92% on-time repayment by visiting every first-time borrower in person. 4G Capital's "touch-tech" approach is proving that relationship-based lending works, even in stressed markets.
Kenya's Central Bank is rewriting its banking laws to finally welcome fintech companies into the regulated fold. The move could end years of uncertainty that kept promising startups in legal limbo while banks and telcos dominated.
A Moroccan startup just raised $4 million to turn nearly 20,000 neighborhood corner stores into mini financial hubs. WafR is bringing bill payments and money transfers to shops that already serve as community lifelines.
State Bank of India is investing directly in startup funds to strengthen the country's millions of small businesses. The banking giant is building innovation hubs in cities nationwide to connect entrepreneurs with funding and technology.
After losing his tuition money to a failed online store, Uke Enun spent four years building GoNomads to solve the problem that broke him: helping African businesses sell across borders. His company now handles everything from banking setups to payment processing, making global trade accessible from day one.
Ethiopia's economic liberalization in banking and telecommunications is creating a vibrant private sector boom, according to the UN Global Compact CEO. The country's welcoming business environment is driving growth across real estate, restaurants, and small businesses led by young people and women.
A banking association in Nigeria turned a misinformation crisis into an educational moment when a popular content creator spread false claims about banks shutting down. The professional response led to a full retraction and public apology.
Ethiopia's economy is surging thanks to bold reforms that opened banking and telecommunications to competition. The UN Global Compact's top leader says small businesses, young entrepreneurs, and women are driving the country's remarkable growth.
Africa's United Bank for Africa just launched a platform that lets Africans living anywhere in the world invest, bank, and build wealth back home. The move transforms $100 billion in annual remittances into structured investments that fuel Africa's growth.
Chase Bank is bringing banking services back to underserved communities with 160 new branches across 30+ states. The multibillion-dollar expansion targets rural areas and neighborhoods that need financial access most.
Banks across Africa are stepping up to finance cross-border commerce as the continent's free trade zone transforms from ambition into reality. With new platforms connecting businesses and billions in deals on the horizon, Africa's economic renaissance is gaining momentum.
Blockchain company Ripple partnered with GOSH Charity to transform cryptocurrency into life-saving funds for seriously ill children at a world-renowned hospital. The new system lets global donors support pediatric care without expensive international banking fees.
Three major Kenyan banks are turning school pocket money into a digital learning opportunity. Parents can now load money onto prepaid cards that teach students financial skills while keeping their spending safe.
Major Kenyan banks are lowering lending rates after the central bank made its tenth consecutive rate cut, making loans more affordable for millions. The policy shift comes as inflation cools, opening the door for businesses and families to borrow at better terms.
Ecobank's share price has nearly doubled in two years, signaling renewed confidence in West African banking. The Togo-based lender now boasts a 29% return on equity and nearly $2 billion in annual revenue.
A digital bank just proved you can grow your business and slash your carbon footprint at the same time. Atom Bank cut operational emissions by 22% while lending balances jumped 29% and customer numbers climbed 19%.
Twenty-nine major international banks have declined to fund a massive liquefied natural gas project in Papua New Guinea, citing environmental and human rights concerns. The decision marks a significant shift in how financial institutions evaluate infrastructure projects in vulnerable ecosystems.
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