A major South African bank focused on providing a wide range of financial services, including personal and business banking.
How Africa’s fragmented payment systems are holding back cross-border trade
Experts at the 2026 Moonshot by TechCabal conference discussed the need for harmonized regulatory requirements in Africa. Cross-border trade in Africa reached $220.3 billion in 2024, growing 12.4% from the previous year.
Kuunda Secures $5 Million Secondary Share Deal, Giving Early Investors an Exit
Kuunda completed a $5 million secondary share transaction, strengthening its investment partnerships. The transaction was led by E4E Africa, increasing their ownership position in Kuunda.
NCBA looks to DRC and Ethiopia as acquisition strategy expands across Africa
NCBA Group is preparing to expand into the DRC and Ethiopia, seeking acquisition opportunities. Managing Director John Gachora indicated that NCBA aims to enter these markets shortly after the Nedbank acquisition.
South Africa’s banks have become the exit ramp for its fintechs
Nedbank acquired payments fintech iKhokha for R1.65 billion. Capitec has purchased WalletDoc.
Nedbank’s NCBA Acquisition Nears Next Stage After Regional Approval
Nedbank's acquisition of NCBA has received approval from the CCCC and EACCA, removing major regulatory hurdles. The transaction involves a controlling 66 percent stake in NCBA Group, valued at about Sh110 billion.
