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Kenya’s Payments Bill Pushes Open Banking Forward
Kenya is preparing to overhaul the rules governing its rapidly expanding digital payments industry, with a proposed payments bill that could require banks and other payment providers to build systems capable of securely sharing customer data with authorised third parties. The proposed National Payment System Bill, 2026, developed by the National Treasury and the Central…
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Bank Zero Reaches Break-Even as Partnerships Drive Expansion
South African digital bank Bank Zero has reached profitability, marking a significant milestone for the five-year-old lender as partnerships with fintechs, retailers and digital platforms begin to reshape its growth strategy. The app-only bank reached break-even in August 2026, ahead of the December target previously expected by Lesaka Technologies, which has agreed to acquire Bank…
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Safaricom Hits 1 Million Home Internet Users
Safaricom has crossed a major milestone in Kenya’s broadband market, surpassing one million fixed internet subscriptions and strengthening its position as the country’s largest fixed internet provider. But reaching the milestone may prove easier than keeping those customers satisfied as competition, technology and consumer expectations continue to rise. Data from the Communications Authority of Kenya…
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Paga Hits $1.5B in Monthly Transaction Volume
Paga is processing about $1.5 billion in transactions every month, according to founder and Group CEO Tayo Oviosu, highlighting the scale the Nigerian fintech has reached after 17 years of building digital financial infrastructure. Oviosu disclosed the figure in a recent interview, saying Paga now has more than 200 employees and processes over $1.5 billion…
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Nigeria’s DRE Fund Enters Commercial Phase
Nigeria has moved a major step closer to scaling distributed renewable energy after the $300 million Nigeria Distributed Renewable Energy (DRE) Fund reached commercial launch. Unveiled on the sidelines of the United Nations General Assembly in New York by the Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL), the fund marks…
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MNT-Halan Races Toward Egypt’s Biggest Tech IPO
MNT-Halan has entered a six-month race to complete what could become Egypt’s biggest technology IPO, after the Egyptian Exchange (EGX) granted its parent company a temporary listing. The EGX Listing Committee approved the temporary listing of 1.6 billion shares in MNT Tech Holding for Financial Investments, the holding company for MNT-Halan’s Egyptian operations. The shares,…