Exclusive: Nigeria’s Access Bank nears completion of National Bank of Kenya acquisition
Access Bank to acquire National Bank of Kenya from KCB Group pending regulatory approvals. The deal could be priced around $100 million based on NBK's book value.
Next Wave: Venture debt’s role in Africa’s startup ecosystem
Decline in VC deals and a tough macroeconomic environment have posed challenges for the African startup ecosystem. Venture debt is gaining traction as it provides working capital without diluting ownership.
JumiaPay appoints ex-PalmPay executive as new MD to revive the troubled fintech
JumiaPay appoints Anthony Mbagwu as Managing Director in Nigeria. JumiaPay has been struggling with operational losses.
Access Bank Expands Footprint in East Africa with Acquisition of Tanzanian Lender
Access Bank acquires African Banking Corporation of Tanzania (ABCT) Limited. The acquisition deepens Access Bank's roots in East Africa.
Wema Bank removes and suspends seven fintech partners for fraudulent activities
Wema Bank removes and suspends fintech partners from its payment gateway platform due to fraudulent activity. The bank reported a loss of ₦685 million (~$595,000) due to fraud and forgery in 2023 and launched an anti-fraud campaign.
