Nedbank secures 66% controlling stake in NCBA Group
South African lender’s East African expansion clears key hurdle as shareholders accept takeover offer Nedbank has crossed the finish line of its East African expansion, securing a controlling 66% stake in NCBA Group after shareholders tendered…
NSIA Banque secures €25M to boost Ivorian SME lending
NSIA Banque Côte d’Ivoire has obtained €25 million in financing from Impact Fund Denmark, the Danish development finance institution. The bank announced the operation on Thursday, July 9. The funding aims to strengthen lending capacity for micro,…
BEAC/ Central African bloc joins continent-wide payment network
The Bank of Central African States (BEAC) has officially entered the Pan-African Payment and Settlement System (PAPSS). The announcement came Thursday from Cairo. BEAC brings the six-nation CEMAC bloc into the instant cross-border payment network. CEMAC…
Mauritius Bank (MCB) makes big move into Côte d’Ivoire as trade ties deepen
Mauritius Commercial Bank (MCB) plans to open a branch in Côte d’Ivoire, expanding its African footprint. Frédérique Lam, honorary consul of Mauritius, presented t
UEMOA/ Big relief for west African banks as instant payment deadline gets pushed back
The Central Bank of West African States (BCEAO) just gave banks, e-money firms, and payment institutions across the UEMOA zone thr....