A major South African bank focused on providing a wide range of financial services, including personal and business banking.
Nigerian Fintech Fincra Acquires Payment License To Operate in Ghana
Fincra has secured a Payment Service Provider Licence from the Bank of Ghana. The licence allows Fincra to process local transactions in Ghanaian cedis.
Standard Bank Anchors $330 Million Refinancing for Optasia as Africa’s Banks Line Up Behind the JSE-Listed AI Fintech
Optasia closed a $330 million syndicated financing facility to refinance existing debt and support future growth. The financing facility includes a $180 million term loan and a $150 million working capital facility.
Nedbank & Mastercard in Landmark 10-Year Partnership
Nedbank and Mastercard announced a landmark 10-year commercial agreement. The agreement will enhance digital payment experiences across Southern Africa.
Nedbank’s NCBA deal could push some Kenyan institutional investors into cash exit
Nedbank intends to acquire about 66% of NCBA Group. The offer includes a combination of Nedbank shares and cash.
Are African tech startups shifting from blitzscaling to strategic acquisitions?
Blitzscaling defined African tech in the 2010s, but capital scarcity has forced a reset. Acquisition activity is rising while late-stage mega-rounds are thinning out.
