Kenyan lender I&M to become majority owner of Uganda’s Orient Bank
Last year, Orient Bank reported a net loss equivalent to $284,374.
Kenya
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Standard Chartered to launch new savings product, calls for help from fintechs
The bank has set a ‘challenge’ for start-ups on its ‘Fintech Bridge’ network.
Safaricom and Visa sign M-Pesa partnership
The two firms will work on developing new products for the African payments platform.
Vodacom and Safaricom finalise M-Pesa acquisition
Joint venture takes control of popular mobile money brand from Vodafone.
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
Inclusion, innovation, and mobile money in Sub-Saharan Africa
“If our systems fail, a big part of the economy would fail,” says exec.
Kenya’s Standard Investment Bank plans $100m FX-focused fund
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Four fintech & financial inclusion trends for 2020
A gap remains for women, rural residents, & other underserved communities.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
DPO Group acquires PayFast
A major deal for the African paytech sector.
DPO Group launches Africa’s first B2B virtual and prepaid payment card
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
Kenya keen on regulatory fintech sandbox
Capital Markets Authority outlines its plans for innovation.
Standard Chartered launches African digital banking phase two
Bringing its new service to four countries.
