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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
