MNT-Halan IPO: Egypt's Fintech Starts Trading on the EGX After 43.6x Retail Demand
The MNT-Halan IPO drew orders 43.6 times the retail tranche and 11.2 times the private tranche. Shares in Egypt's fintech start trading on the EGX on 20 October.
Fintech
Wise South Africa Licence Is Final. What the SARB Approval Allows
The SARB has formally appointed Wise as a Category Two forex dealer. What the Wise South Africa licence allows, what it leaves open and why it matters.
Airtel Money Global Pay Card Heads to Kenya to Take On M-Pesa GlobalPay
The Airtel Money Global Pay Card, a Mastercard virtual card, is coming to Kenya. Here is how it compares with M-Pesa GlobalPay and what users should watch for.
MAX Extends Its Series B3 to $29 Million as US Climate Fintech Nithio Joins
Nithio's investment takes the MAX Series B3 round to $29 million. The Nigerian EV financing firm says it is now profitable in its largest market, Nigeria.
Onafriq Shuts Baxi Agent Banking in Nigeria After Five Years
Onafriq is winding down Baxi, its Nigerian agent banking unit, citing naira weakness, inflation and instant transfers. Agents have 30 days to move funds.
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Kenya’s fintech reforms promise clarity but could delay investment
Proposed amendments to Kenya's payment system regulations seek to give the Central Bank direct oversight over significant equity investments in payment firms. While the reforms aim to enhance market stability and compliance, required regulatory approvals could lengthen fundraising cycles for growing startups.
Moniepoint UK made $36,284 after taking on MonieWorld customers
Moniepoint UK Limited generated $36,284 in revenue for 2025 following the migration of customers from its diaspora remittance product, MonieWorld. The figure reflects one month of activity as the group reassesses its UK market footprint amidst rising competition and operational expenses.
What a banker discovered when he started listening to farmers
Former banker Watson Matsa founded eSusFarm Africa to bridge the gap between traditional banking frameworks and smallholder agriculture. By leveraging soil, weather, and crop data, the platform creates dynamic risk management tools designed around seasonal earnings rather than rigid monthly schedules.
Cascador and Sterling launch $200m fund to back SME loans
Cascador and Sterling Bank's new $200m credit backstop fund covers part of lenders' losses, so Nigerian SMEs can borrow up to $1m with less collateral.
Africa Bitcoin Corporation's leadership crisis deepens
Africa's first listed bitcoin treasury company has lost its CEO after regulator FSCA debarred three executives over alleged share-price manipulation at its predecessor, Altvest. Reports now point to a board-level clash with shareholders.
pawaPay wins payments licence in Mozambique
Pan-African payments company pawaPay has received a Payment Service Provider licence from the Bank of Mozambique, letting it sign up merchants directly and connect them to the country's mobile money networks.