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