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Fintech
UN Committee Recommends Reappointment of Dr. Sarah Alade for Investment Role
The United Nations General Assembly’s Fifth Committee has recommended Dr Sarah Alade for reappointment to the UN Investments Committee for another three-year term starting January 1, 2027, pending confirmation by the General Assembly.
Gold Prices in Egypt Remain Stable Amid Global Market Fluctuations
The price of 24-karat gold in Egypt remained stable at EGP 7,097 per gram on November 7, 2026, while 21-karat gold traded above EGP 6,200 amid global price declines and fluctuations in the US dollar against the Egyptian pound.
Zambia and Africa Finance Corporation Advance Railway Project to Angola’s Port
Zambia is advancing its 830-km railway link to Angola's Port of Lobito, aiming for financial closure by 2027, with expectations to handle roughly 2 million tonnes of freight annually, enhancing regional trade and logistics.
Investor Interest in Solar Capacity Grows Amid Transmission Challenges in Botswana
Investor interest in over 5 gigawatts of solar capacity in Botswana is rising, but progress is hindered by inadequate transmission infrastructure. The government is working on necessary regulatory frameworks and infrastructure development to facilitate electricity generation and export.
Morocco
Mastercard Partners with Samsung to Launch Smart Payment Service in Morocco
Mastercard has partnered with Samsung Electronics to launch the smart payment service "Samsung Pay" in Morocco, enabling eligible cardholders to make purchases using smartphones and smartwatches. This initiative aims to enhance the digital economy and promote a culture of digital payments in the country.
Nigeria
Nigerian Financial Institutions Explore Integration of Stablecoins and Digital Assets
Nigerian banks and fintech companies are increasingly adopting stablecoins and digital asset services, with Quidax aiming to educate the market over the next five years. Sub-Saharan Africa saw over USD 5 billion in on-chain value from July 2024 to June 2025, with Nigeria as the largest market.
Egypt
Nclude Secures Final Close to Enhance Investment in African Startups
Nclude, an Egyptian venture capital fund, has closed over USD 112 million to finance technology startups in Africa and the Middle East, focusing on financial technology and inclusion. The fund supports investments ranging from USD 500,000 to USD 10 million across various development stages.
Algeria
Algerian Fintech Startup SlickPay Simplifies Digital Payments and Transfers
Discover Mounir Ammari, the Algerian fintech entrepreneur and co-founder of SlickPay, a pioneering start-up focused on simplifying payments and money transfers through innovative digital solutions.
Egypt
Klivvr Plans 160% Expansion in Consumer Finance Portfolio by 2027
Discover how Egyptian financial technology company Klivvr is set to expand its consumer services, transforming the fintech landscape in Egypt. Learn more about Klivvr's innovative strategies and market plans in this insightful update.
South Africa
Lesaka Acquires Bank Zero for Million to Expand Financial Services
Lesaka is set to acquire Bank Zero for approximately million (R1. 1 billion), a strategic move aimed at expanding the digital bank's customer base from 100,000 to a larger financial services platform.
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