Business & Economy

THE $1 BILLION ANCHOR: FinTech Sector Captures 45% of African H1 Funding, Cementing Unprecedented Dominance

The African Financial Technology (FinTech) sector has officially cemented its dominance in the continent’s startup ecosystem, amassing over $1 billion in funding in the...

INVESTMENT GRADE: Payaza’s BBB Credit Upgrade Signals Maturity in African FinTech’s Institutional Performance

Nigerian FinTech firm Payaza has reached a critical inflection point, achieving an upgrade in its long-term issuer credit rating from BBB to BBB by...

BACKED BY BILLIONS: Heirs Holdings’ Redtech Unleashes RedPay to Control Africa’s Payment Backbone

Redtech, the FinTech powerhouse founded by Tony Elumelu’s Heirs Holdings, has officially launched RedPay, an ambitious omnichannel payment platform designed to unify and dominate...

Africa’s Economic Pivot: Standard Bank Becomes First on Continent to Integrate China’s Yuan Payment System

Standard Bank Group, Africa's largest bank by assets, has executed a landmark financial move by becoming the first African banking institution to officially integrate...

CBN Ends Special Authorisation: New Cash Withdrawal Rules Effective January 2026

ABUJA—The Central Bank of Nigeria (CBN) has announced significant revisions to its cash-related policies, effective January 1, 2026. These changes signal a renewed push...

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