banking
Latest articles about banking in African payments and fintech
Nigerian Banks Bet on Tech Investment to Lead Post-Recapitalisation Era
Nigerian banks are prioritizing technology investments as they complete their recapitalisation requirements ahead of the March 31 deadline. While 21 banks have met the new capital thresholds, experts suggest that leadership in the sector will be determined by AI adoption and digital capabilities rather than balance sheet size.
Huawei Launches AI Finance Program to Speed Up Bank Digital Transformation
Huawei has launched the RONGHAI Financial Partner Program to accelerate AI adoption and digital transformation in banking, growing to over 150 global partners. The program has already demonstrated success by completing a Philippine bank's transformation in under 10 months, dramatically shorter than traditional timelines.
Nedbank launches $855m bid for Kenya's NCBA in major East Africa push
Nedbank Group has launched an $855 million bid to acquire 66% of Kenya's NCBA Group, marking a major push into East African banking. The deal would give the South African lender a strategic platform for regional expansion while maintaining NCBA's local listing and brand identity.
Nigeria's Kuda expands physical presence after national banking licence upgrade
Kuda Microfinance Bank receives national banking licence from CBN, requiring expansion of physical presence across Nigeria while maintaining its digital-first approach. The upgrade reflects broader regulatory push for fintechs to establish brick-and-mortar operations, with stricter capital requirements and compliance measures.