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ProvidusUnity Bank customers report failed transfers, app access issues after merger
Mercy MokahSep 4, 20263 min read
Technology Coverage
Digital Banking
Neobanks, mobile money, embedded finance, and the transformation of Africa's financial services sector.
11 articles
MTN wants to lend directly to customers as it explores banking licences
“The big growth now, which will be the growth of the future, is actually lending,” MTN Group CEO Ralph Mupita says, as the telecom giant eyes banking licenses in furtherance of its fintech expansion.
Chinaturum Iheoma4 min
Absa wants a bigger role in Nigeria’s corporate banking market
By upgrading its existing representative office in Nigeria into a merchant bank, Absa is positioning itself to deepen its footprint in Africa’s largest economy while diversifying its earnings beyond South Africa, Kenya and Ghana, which generated more than 80% of the group’s profit in the first half of 2026.
Mercy Mokah3 min
Standard Bank eyes OPay stake as Nigeria-focused fintech targets $4 billion US IPO
Standard Bank is in talks to acquire a stake in OPay ahead of the fintech’s planned US IPO, which could value the Nigeria-focused payments company at about $4 billion.
Chinaturum IheomaAug 18, 2026
Standard Bank spends R11.8bn on technology as it bets on digital banking
From cloud computing to AI, Standard Bank is putting billions into the technology powering its growing digital banking business.
Mercy Mokah3 min
Zenith Bank discloses cyber breach affecting customer email addresses and phone numbers
Zenith Bank says its banking systems remain secure after unauthorised access to customer email and phone data, while urging customers to guard against phishing and identity-based attacks.
Chinaturum Iheoma4 min
Emirates NBD to acquire HSBC Egypt’s retail banking business
HSBC expects a $300 million pre-tax gain after agreeing to sell its retail banking business in Egypt to Emirates NBD, reinforcing the UAE lender’s expansion in one of the region’s largest banking markets.
Mercy Mokah3 min
African Development Bank invests $332 million to expand SME financing in South Africa
With small and medium-sized businesses contributing 34% of South Africa’s GDP, the African Development Bank (AfDB) has invested $332 million in Standard Bank Group to increase financing for the sector.
Mercy Mokah3 min
Central Bank of Kenya approves 25 new digital lenders as mobile loans reach KSh150.56 billion
Kenya’s digital lending sector has expanded after the Central Bank licensed 25 new Digital Credit Providers, bringing the total to 252 as regulated loan apps disbursed 8.37 million loans worth KSh150.56 billion.
TechMedia Africa2 min
CBN gives banks, fintechs six months to localise payment data
As Nigeria’s digital payments ecosystem processes hundreds of trillions of naira annually, regulators are moving to ensure the data generated by those transactions stays within the country’s borders.
TechMedia Africa2 min
Jim Ovia says real estate is more profitable than banking
As Nigeria’s property sector grows into the country’s third-largest economic contributor, Jim Ovia says real estate has become more profitable than banking.
TechMedia Africa3 min
Retail giant Pepkor plans bank launch in 2027 as it targets 1.8 million customers
Pepkor, the largest retail operator in Southern Africa by store numbers, plans to expand into the banking sector by April 2027, leveraging its nationwide retail footprint to attract 1.8 million primary banking customers within five years.
Chinaturum Iheoma3 min