Banking

Letshego
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Letshego’s $58 million rights offer aims to cut debt, strengthen balance sheet

Letshego launches a $58 million rights offer, fully underwritten by BPOPF, to cut debt, strengthen its balance sheet and support…

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
BankingLatest

Mauritius’ MCB Group posts $422 million profit in 2026

MCB Group reported $422.43 million profit in 2026, up 11.3%, as stronger income, African growth and lower impairments offset higher…

Feyisayo Ajayi Feyisayo Ajayi
Discovery Bank unveils Superbank for a single digital banking platform
BusinessBankingTechnology

Discovery Bank unveils Superbank for a single digital banking platform

Discovery Bank launches its Superbank as it targets R3 billion profit by 2029 and expands its digital platform across Discovery’s…

Oluwatosin Alao Oluwatosin Alao
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Standard Bank Office
BusinessBankingHot News

Standard Bank underwrites $545 million to overhaul South Africa’s Gautrain network

Standard Bank underwrites a $545 million deal to upgrade South Africa’s Gautrain rail network under a new 15-year pact.

Omokolade Ajayi Omokolade Ajayi
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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
BankingBusinessHot News

I&M Bank wins $5.5 million tax battle against Kenya Revenue Authority

I&M Bank wins a $5.5 million tax battle against Kenya Revenue Authority over bad debt provisions, securing relief for the East African lender.

Omokolade Ajayi Omokolade Ajayi
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African Bank
BusinessBankingHot NewsLatest

African Bank wins as court rejects Verbisat appeal in money judgment dispute

African Bank wins another legal victory as a Johannesburg court rejects Verbisat’s appeal bid and orders five respondents to pay punitive legal costs.

Feyisayo Ajayi Feyisayo Ajayi
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Afriland, Savana deal.
BankingBusiness

Afriland, Savana partner to expand Islamic finance in Cameroon   

Afriland and Savana combine banking resources and local reach to expand Shariah-compliant financing for Cameroon’s businesses.

Timilehin Adejumobi Timilehin Adejumobi
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Most valuable banks on Ghana Stock Exchange
BusinessBankingHot NewsLatest

Ecobank joins Standard Bank in race to become Africa’s yuan clearing hub

Ecobank plans to join China’s CIPS payments network, following Standard Bank’s move to expand yuan clearing services across Africa.

Feyisayo Ajayi Feyisayo Ajayi
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Standard-Bank
BusinessBanking

Standard Bank plans to double West African business by 2030

Standard Bank plans to double its West African business by 2030, expanding in Nigeria, Ghana and Ivory Coast as reforms draw investors.

Timilehin Adejumobi Timilehin Adejumobi
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Sudhir Ruparelia
BankingBusinessHot News

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank building set for I&M Bank branch

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank property in Ntinda is set to reopen as an I&M Bank Uganda branch.

Feyisayo Ajayi Feyisayo Ajayi
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Nneka Onyeali-Ikpe
BankingLatest

Fidelity Bank becomes Nigeria’s latest billion-dollar lender with $1.1-billion market cap

Fidelity Bank has joined Nigeria’s billion-dollar lenders after its market value rose to about $1.12 billion on the Nigerian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
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BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

BBS Bank recorded a $5.2 million half-year loss amid high funding costs and rising credit impairments as its commercial transition continues.

Omokolade Ajayi Omokolade Ajayi
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