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