Browsing: Bank

Complaints against Kenya’s digital lendershave exploded, showing that the country’s fast-growing loan app industry is still struggling to win consumers’ trust. Per the Competition Authority of Kenya (CAK), complaints about digital lenders increased fivefold in the year ended June 2025, making the sector one of the biggest sources of consumer grievances. The regulator said most…

South Africa has secured a $1.5 billion loan from the World Bank Group to accelerate reforms in electricity, freight transport, water and sanitation, with the programme expected to support nearly 600,000 direct and indirect jobs by 2032 while improving essential infrastructure across the country.

In the annals and the glittering pantheons of African banking, few stories are as improbable, as audacious and as profoundly transformative as the journey of Dr Tony Onyemachi Elumelu CFR and the United Bank for Africa. When Elumelu took his first bold step into the Nigerian banking scene, naysayers dismissed him as a “joker” for…