MTN Ghana and its separately incorporated Mobile Money Fintech Limited posted a combined profit after tax of about $670 million (GH₵7.75bn) for the nine months to September 2026, up 43 percent. The results cover the telco and its mobile money business, which became a separate company in March 2026.
The mobile money unit's earnings growth shows how the fintech arm is scaling as it operates separately from the telco.
Zenith Bank reported a nine-month profit before tax of about $690 million (N929bn), up 1.24 percent from the same period of 2025. Gross earnings fell 15 percent to about $2.1 billion (N2.87trn), while impairment charges dropped sharply.
The African Development Bank launched a HKD 2 billion five-year social bond due November 2031. The issue is a social bond placed in Hong Kong's market.
Nigeria-focused fintech OPay sold 16 million American depositary shares at $19 each, raising $300 million and valuing the company at about $4 billion. It rang the NYSE opening bell, but ThisDay reports that trading was temporarily held over an outstanding regulatory clarification in a foreign jurisdiction.
Afreximbank is raising a $1 billion syndicated loan that includes a tranche denominated in yuan, according to a paywalled report. The deal diversifies the bank's funding sources beyond dollar and euro markets.
Aiteo Eastern E&P settled disputes with Africa Finance Corporation, Shell Western Supply and Trading, and eleven commercial banks over OML 29 loan facilities worth over $1.9 billion. The settlement resolves a long-running lending dispute tied to the oil asset.
Dashen Bank is expanding its Super App with plans for small unsecured digital loans. It is also launching a payment feature that connects customers with nearby businesses.
The African Development Bank announced it successfully completed its first dirham-denominated bond, worth about $100 million (MAD 1bn), as a private placement with qualified investors. The issue lets the institution diversify its Moroccan funding, which has mainly been in euros and dollars.
Faulu Microfinance Bank is shifting its lending strategy toward traders and small businesses. It is moving away from its traditional retail banking focus with new lending products.
Cardtonic has launched in Kenya with a US dollar wallet alongside a Kenyan shilling wallet, plus virtual cards. The company positions the product as access to the global digital economy rather than a standard remittance service.
Senegalese fintech InTouch signed a strategic agreement in Banjul on October 30 with the Gambian finance ministry and the Gambia Revenue Authority. It will build a digital system to track transactions, collect payments and monitor state revenue over ten years.
MTN Ghana reported a 44.4 percent year-on-year rise in mobile money transaction value for the first half of 2026. It also plans to invest $1.1 billion over three years in network infrastructure and digital services.
Gulf African Bank will waive Pesalink transfer fees, which the outlet describes as an industry first. The move targets customers sending money between bank accounts.
The African Development Bank issued a about $250 million (HKD 2bn) five-year social bond due 2031 on 28 October. It is the institution's second public Hong Kong dollar Wonton transaction.
Coopbank and fintech Kifiya are extending Michu's digital SME lending model into interest-free banking through the Michu Mizan product. The pilot has financed over 4,000 SMEs, and Michu has disbursed over about $430 million (Br70bn) since 2022.
BOAD and Proparco signed a new cross-financing agreement on October 14 in Bangkok to mobilize resources for the private sector. The article was published in the window, though the signing predates it.
GoTyme Bank, the South African digital bank, reported that its revenue grew 25 percent. The report is paywalled, so further detail on profitability is not available.
Absa Bank Ghana is offering instant personal loans of up to about $30,000 (GH₵350,000) to eligible salaried customers through its digital banking platforms. The product extends digital credit access beyond branch channels.
Abbey Bank's profit after tax rose 55.9% to about $1.7 million (N2.26bn) in the nine months to September 2026. Gross earnings surged 120% and customer deposits more than tripled.
Bank of Baroda Kenya reported a profit after tax of about $34 million (KSh4.39bn) for the nine months to 30 September 2026, up 8.3 percent. Core capital rose 6.4 percent to about $270 million (KSh35.4bn) over the period.
Optimum Global said it completed the acquisition of Mayfair Microfinance Bank after meeting all regulatory requirements. The new owners plan to resume operations soon with a focus on financial inclusion.
Agusto & Co affirmed Abbey Bank's A3 short-term credit rating, citing stronger capitalization, liquidity, asset quality and profitability. The bank is preparing to start commercial banking operations in November 2026.
The CBN and NITDA disclosed that only about 57-59% of financial institutions are ready for the January 2027 data localisation deadline, based on an industry survey. The regulator said it will consider banks' challenges while keeping the deadline in place.
Mozambique's state hydrocarbons company ENH and Banco Comercial e de Investimentos signed a memorandum of understanding in Maputo on 29 October to create and manage a credit line for micro, small and medium enterprises serving the oil and gas industry. The extracts do not give the size of the facility.
Sacco mortgage lending fell by about $21 million (KSh2.7bn) in 2025 even as demand for housing finance rose. Saccos still struggle to make mortgages a key product despite land and housing taking the largest share of their lending.
Citi appointed Ester Manase as Country Officer and Banking Head for Tanzania, a corporate and investment banking executive. The appointment places her at the helm of Citi's local business as Tanzania seeks investment.
The Sacco Societies Regulatory Authority's latest industry report shows Sacco mortgage lending dropped by about $21 million (KSh2.7bn) in 2025. The regulator says Saccos still struggle to make mortgages a key product despite rising housing finance demand.
NSIA Banque Côte d'Ivoire arranged a €100m syndicated credit facility led by Citibank, with FinDev Canada lending about $45 million (€40m) and KEXIM Global participating. The bank says half of the funds will go to SMEs, 30 percent to women-led SMEs, and part to solar and energy-transition projects.
GCB Bank, Ghana's largest bank, reported faster earnings growth for the nine months to September 2026 even though interest income barely moved. Lending expanded, showing the bank adjusting to a lower-rate environment.
Banks and fintechs are applying 16 percent VAT to fees for payment processing, card settlement and payment gateway services under the Finance Act 2026. The change alters the tax treatment of services used to move money.
Kwanza-denominated credit to the economy reached about $8.3 billion (Kz7.6trn) in September, up 11.9 percent from a year earlier, according to central bank data. Gross credit to the non-financial sector rose 12.2 percent to about $10 billion (Kz9.5trn), with the private sector taking 85 percent of it.
The Bank of Tanzania told financial institutions to adopt artificial intelligence and data analytics to improve risk management, efficiency and customer service. It also said it is using AI in its own financial sector supervision.
Fidelity Bank repaid its 5-year $400 million senior unsecured notes at maturity, having issued them on October 28, 2021. The payment shows the bank meeting its international debt obligations.
The South African Reserve Bank and the Market Practitioners Group are preparing a fallback if legislation for the new rand benchmark rate is not passed by year-end. The group includes the central bank and the Financial Sector Conduct Authority.
Geoffrey Acini has been appointed chief executive of ChapChap Africa, a fintech distributing digital credit and payments, following Bank of Uganda approval. He brings more than 14 years of experience in digital payments, agent banking and digital credit.
The 2026 Access to Financial Services in Nigeria survey finds 64.4% of adults use digital financial services. The financially excluded share fell to 21% from 26% in 2023.
Absa Bank Kenya says it has channeled more than about $1.5 billion (KSh200bn) into green and inclusive projects over five years. It disbursed about $430 million (KSh55.3bn) in sustainable lending in the latest period.
GoTyme Bank, formerly TymeBank, says it now serves more than 13 million customers and expects to become South Africa's third-largest bank by monthly active users in early 2027. The bank also plans investment products and digital-asset access, subject to regulatory approval, and reports net customer advances up 126 percent.
Absa Group has opened a new office in Dubai International Financial Centre under a DFSA Category 4 licence. The branch will serve trade and investment flows between Africa and the Gulf.
Attijariwafa bank, BCP, Bank of Africa and Saham Bank plan to adopt Swift's new cross-border payments framework by end-2026. The move would modernise how these banks settle international payments.
Sterling Financial reported nine-month profit after tax up 21% to about $56 million (N75.4bn), with total assets reaching N5.10 trillion. Interest income rose strongly, while credit impairment charges increased sharply.
From April 2027, consumer finance companies must consult a score from the I-Score private credit bureau before approving financing, under a new Financial Regulatory Authority rule. The rule supports greater machine-driven decisions in lending, drawing on alternative data.
CRDB Bank Group's profit after tax rose 29.1 percent to about $250 million (TSh672bn) in the nine months to September 2026. Profit before tax rose 28.9 percent, with net loans up 43.7 percent and total assets up 34.2 percent.
Demand deposits at Nigerian banks rose by about $1.2 billion (N1.69trn) over three months, according to central bank data. Analysts linked the rise to bank securities purchases, private-sector lending and government borrowing.
South Africa's FirstRand Bank says it has stepped up its pursuit of a mid-sized Kenyan lender after failing earlier to close a deal at the right price. Business Daily reports the group is joining a rush by South African lenders into Kenya.
GTCO's three non-bank subsidiaries recorded a combined profit before tax of about $18 million (N23.9bn) in the nine months to September 2026, up 70%. Its Ghana banking subsidiary generated about $83 million (N113bn) in profit after tax, the largest offshore contribution.
Credit Agricole Egypt reported a 4.28% year-on-year rise in consolidated profit for the nine months. Standalone net profit after tax reached about $97 million (E£5.45bn) against about $91 million (E£5.13bn) a year earlier.
The Comité des établissements de crédit gave a favorable opinion on seven Bank Al-Maghrib circulars. The step moves Morocco toward introducing covered bonds as a funding tool for banks.
The Kenya Bankers Association 2025 Customer Satisfaction Survey shows mobile money subscriptions grew 22 percent to 51.4 million. Active mobile money agents rose 24 percent to 473,536, and Co-op Bank ranked highly among younger customers.
Afreximbank, as sole lender, has disbursed $980 million to part-finance the management buyout of Oryx Energies SA, the holding company of Addax Energy. The deal brings Oryx under majority African ownership for the first time.
Tanmiya has closed a fund at $130 million, below the earlier $150 million target. The European Investment Bank committed $38 million in an announcement on 26 October.
The Bank of Industry and France's Agence Française de Développement signed a $30 million credit facility. The facility is intended to support Nigeria's creative and cultural industries.
Flutterwave is moving its next growth strategy from digital payments to banking to pursue higher-margin growth across key African markets. The fintech, valued at $3 billion, has been a payments company for ten years.
Mastercard, with Interswitch, has enabled eligible Mastercard cardholders in Nigeria to pay with Google Pay on Android devices. The launch extends contactless digital payment options for Nigerian consumers.
The board of the Central African securities exchange BVMAC said CEMAC states owed about $6 million (CFA 3.5bn) as of September 30, 2026, disclosed after its 26th ordinary session on October 26. The exchange is facing cash strain, which points to pressure on regional market infrastructure.
