Managers of Wealth Africa

Why South African banks still charge for instant payments

Digital challenger banks argue that instant payments should be treated as a core banking service rather than a premium feature.

Nigeria tops Africa in Global Responsible AI Index, ranks 38th worldwide

The report says Nigeria has distinguished itself by pairing AI skills development with enforceable governance measures instead of focusing solely on technology adoption.

Mobile-money histories should unlock loans, insurance for informal workers – BoG fintech head

He said mobile money wallets should increasingly become a pathway for small traders, informal workers and ordinary consumers to access services that traditional bank accounts have long provided.

Telkom launching new R100 million AI Institute

The coalition has surpassed $82 billion in global commitments to connect the world, with Telkom among the few African companies recognised in the recent round of pledges.

Financial platform for immigrants LemFi buys Wealth8

It has also secured approval from the Central Bank of Ireland to acquire Bureau Buttercrane, granting it instant access to the entire European Economic Area.

10 largest banks in Nigeria by branch Network in 2026

Together, the three banks operate more than 1,400 branches, highlighting the continued relevance of physical banking in Africa’s largest economy.

Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs

Industry representatives warn that locking up nearly a third of their reserves in Kenyan commercial banks could choke operational liquidity, slow transaction speeds, and increase costs for consumers who use stablecoins for cross-border trade and remittanc

Firms to Scale Digital Banking Services across Africa

This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa.

Mastercard launches Africa Cybersecurity Centre of Excellence

The Africa Cybersecurity Centre of Excellence is a multi-year initiative led by Mastercard that will begin a phased rollout in 2026, starting with South Africa and Nigeria.

World Bank Announces Up to USD 25 Million Program to Improve Access to Digital Devices in Mozambique

The announcement was made by Anna-Elisabeth Costafrolaz, World Bank representative, during the 5th National Communications Conference, while addressing the challenges of digital inclusion in the country.

Blockchain Captured 5.3% of Africa’s Venture Funding in 2025

The report shows blockchain accounted for 5.3% of all African venture funding in 2025, nearly double the global average of 3%, even as overall capital flows into the sector contracted.

Absa and Salesforce expand AI focus

This agreement extends across various business divisions, with broader deployment planned across the group’s African regions.

New bank launching in South Africa

The startup sees the country as a strategic entry into Africa and plans to expand further on the continent.

MTN Ghana announces fibre broadband price cuts

The company has also introduced a 300 Mbps unlimited package at GH¢444 and a 500 Mbps unlimited package at GH¢999.

Ripple buys stake in Flutterwave, valuing startup at $3.3bn

The deal reflects the strategic fit between the two companies as demand grows for faster and cheaper cross-border payments across Africa.

Ripple backs Africa’s most valuable startup in equity deal valuing it at $3.2 billion

The deal shows Flutterwave’s continued push to scale its payments infrastructure across Africa, while deepening ties with global players in the blockchain and cross-border payments ecosystem.

Major SA bank launches five-minute ‘AI loans’ in new partnership

A major SA retail bank has partnered with a leading fintech company to launch a quick and efficient AI-powered personal loan service.

Egypt’s largest bank takes stake in fintech unicorn MNT-Halan, lifting valuation to $1.4 billion

The investment values the company at $1.4 billion, up 40% from its unicorn valuation in 2023.

Airtel Africa, leading Tier 1 banks drive N834.67 billion equities gain on Tuesday

ASI advances 0.53% to 244,697.62 points as market recovery extends to third consecutive session

UBA wins 2026 Banker Technology Award for AI innovation, launches upgraded mobile app

The award is a fitting recognition of UBA Plc for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets

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