The Reserve Bank has proposed changes that would let non-banks provide payment services and make payment services interoperate. The proposals build on PayShap, which has processed more than one billion transactions since 2023.
The Reserve Bank has formally withdrawn HSBC's authorisation to conduct banking through its Johannesburg branch, with effect from 18 September 2026. The withdrawal was published in the Government Gazette on 23 October 2026.
Shoprite is reportedly in talks with Investec over a partnership to expand financial services to its customers. The talks were reported citing people familiar with the matter, and no deal has been announced.
The African Development Bank and UK Export Finance signed an agreement on 21 October to co-finance projects in Africa. The partnership pairs multilateral and export-credit capital.
The Central African Banking Commission revoked 17 licences in 2025, including five microfinance revocations that led to liquidation. It also imposed 93 disciplinary sanctions, with most accompanied by industry bans of five to ten years.
About 48.7% of CEMAC microfinance institutions were classed as very fragile at end-2025, with non-performing loans up 33.2% to CFA236.8 billion. The regulator placed several institutions under temporary administration.
The Central Bank of Nigeria granted approval-in-principle for JPMorgan Merchant Bank Nigeria Limited. JPMorgan has since deposited N50 billion with the CBN, a key requirement of its merchant banking licence application.
The Comité des établissements de crédit has examined ten new texts covering refinancing, cyber risk, vigilance and customer protection. The measures aim to align the banking framework with international standards.
First HoldCo reported a 63% rise in nine-month profit to N744.5 billion. Its commercial banking division produced 94% of turnover and 87.4% of post-tax profit.
