Category: Fintech

Fintech Africa

Africa Emerges as Most Fraud-Exposed Region Globally, New Sumsub Study Reveals

A new Sumsub 2025 Global Fraud Index, developed in collaboration with Statista, reveals that Africa remains the world’s most fraud-exposed region, with an average score of 3.84, far exceeding the global average of 2.79. Covering 112 countries, the Index highlights persistent regional vulnerabilities in digital and financial systems despite global improvements. Mauritius ranked as Africa’s most fraud-protected nation, while Nigeria, Tanzania, and Uganda were among the least protected globally. The report stresses the urgent need for investment in digital infrastructure, stronger policy frameworks, and cross-sector collaboration to combat evolving fraud threats. Experts emphasize that governance and AI-driven defences will be critical for building trust and resilience in Africa’s fast-growing digital economy.

Absa Teams Build Real-World Banking Solutions in 24 Hours at 2025 Technology Hackathon

Absa has announced the winners of its 2025 Technology Hackathon, where teams had just 24 hours to design real-world digital banking solutions. The event, themed “Ignite the Future: Innovate. Accelerate. Elevate,” showcased Absa’s commitment to innovation, collaboration, and technology-led transformation across Africa. Winning teams from Zambia, South Africa, and Mauritius developed prototypes in categories including AI for Impact and Blue Sky, reflecting Absa’s focus on digital talent and customer-centered innovation.

Building with Women: How Microfinance Is Powering Women-Led Businesses in Africa

Across Africa, women-led businesses face challenges including limited access to collateral, financial literacy gaps, and gender norms restricting decision-making. Advans’ programs—such as El Beya in Tunisia, AdvansHer in Ghana, and VSLA-linked savings in Côte d’Ivoire—offer loans, coaching, and flexible financial tools designed for women. These initiatives have increased incomes, supported job creation, and expanded access to education, demonstrating how microfinance, women’s entrepreneurship, inclusive finance, and gender-focused financial services drive economic resilience and sustainable development.

Driving Africa’s Digital Future: Insights from Tamu Dutuma, Absa’s Head of Strategy & Transformation

Tamu Dutuma, Head of Strategy & Transformation at Absa Regional Operations, shares insights on unlocking SME growth in Africa through technology, cross-border trade, digital payments, and ecosystem collaboration. He highlights the transformative role of fintech, partnerships, and early-stage startup engagement in shaping Africa’s digital economy.

Premier Credit Uganda Secures $1.5 Million Investment from Swiss Impact Asset Manager Enabling Qapital

Premier Credit Uganda, a subsidiary of Platcorp Group, has secured a $1.5 million investment from Enabling Qapital, a Swiss impact asset manager, to expand financial inclusion in Uganda. The funding will scale microfinance services, support SMEs, and extend access to credit for women, youth, and rural communities, reinforcing Platcorp’s leadership in sustainable finance across Africa.

From Fundamentals to Growth: Why Most Midcap Stocks That Have Both?

Midcap stocks occupy a unique position in the investment landscape, balancing the stability of large caps with the growth potential of small caps. Unlike market giants, midcaps remain agile and adaptable, while being less volatile than early-stage companies. This makes them appealing to investors seeking both solid fundamentals and expansion opportunities. The article explores what defines midcaps, why they are attractive, potential risks, and the qualities that distinguish fundamentally strong midcap stocks. For investors aiming to capture growth without excessive risk, midcaps present a compelling “sweet spot” in portfolio strategy.

Rebooting the Global Finance System Will Pay Dividends

Reforming the global financial system offers a historic opportunity to accelerate Africa’s urban development and economic integration. Although Public Development Banks (PDBs) make up just 5% of the global financial sector, they manage nearly US$23 trillion in assets and play a vital role in financing long-term development. For African cities—among the fastest-growing in the world—reform could unlock access to affordable, concessional financing for infrastructure, climate adaptation, and social services. By ensuring fairer lending practices, improving debt sustainability, and expanding climate and infrastructure finance, reforms would empower African cities to overcome structural financing barriers while strengthening the African Continental Free Trade Area (AfCFTA). PDBs, as financiers, facilitators, and innovation partners, are uniquely positioned to drive inclusive growth. Their success, underpinned by global reforms, will shape the continent’s ability to build resilient, integrated, and sustainable cities that deliver shared prosperity.