LemFi Commits £100m to Global Expansion, Strengthening Financial Access Across Africa and Beyond
By making a strategic £100m investment into its global infrastructure and designating London as its global hub, LemFi is equipped to better serve the diaspora and the markets they support.
M-Pesa, Airtel Money Agents Cross 500,000 Mark, But Transaction Volumes are Falling
Kenya's mobile money agent network crossed 500,000 for the first time in February 2026, reaching 507,383 active agents per CBK data, up 28.5% year-on-year. The milestone comes as transaction values through agents fell roughly 6.4% in 2025, with rising smartphone penetration and interoperability improvements reducing cash-in and cash-out demand. Registered accounts stand at 91.32 million with penetration at 98%.
Kenya Launches Tourism Digital Payments App 'TouristTap'
TouristTap, developed by Craft Silicon in partnership with KCB Bank and Visa, enables international and domestic visitors to make card-based payments directly from their mobile phones
Kopo Kopo Among 32 New Licensed Digital lenders, Sector Loans Top KSh 133.5 Bn
The Central Bank of Kenya has licensed 32 additional digital credit providers, raising the total regulated digital lenders to 227. The latest batch includes Kopo Kopo Inc. Kenya, acquired by Nigeria's Moniepoint in 2023, alongside Inkomoko Capital Kenya, Izwe Loans Kenya and Hakki Africa. The sector's loan book has grown from KSh 28.9bn in 2023 to KSh 133.5bn as of February 2026, with 7.5 million borrowers. CBK has received more than 800 applications since March 2022.Hisa Launches Hisa 2.0, Delivering the Investing Experience African Investors Deserve
“This is more than just an update; it’s a complete rebuild,” said Leah Njoroge, COO at Hisa. “We’ve reimagined the platform from the ground up to deliver a faster experience, simplify investing, and lay the foundation for the next phase of growth.”Flutterwave Acquires a Microfinance Banking License in Nigeria
This license enables the company to hold funds and deposits directly, instead of partnering with other commercial banks to access national clearing and settlement systems.
4G Capital Raises US$2Mn to Expand Lending to Small Businesses
4G Capital has secured a US$2 million investment from GIF Growth as the East African fintech moves to scale lending to micro- and small-business ownersFincra Secures Canadian PSP License, Enhancing Africa Canada Payment Infrastructure
Fincra has secured Payment Service Provider (PSP) license in Canada, marking an important step in Fincra’s mission to build compliant, reliable payment infrastructureMTN Fintech Platform Drives Surge in Digital Payments as Transactions Top US$ 500 Billion
MTN Group has reported a sharp expansion in its financial technology platform in 2025, with digital payments surging as more customers adopted advanced mobile money and fintech servicesOne-off Tax Settlement Clouds MTN Uganda's Strongest Operating Year Since Listing
MTN Uganda reported full-year 2025 service revenue of USh 3.6 trillion, up 13.4%, driven by a 28.8% surge in data revenue to USh 1.0 trillion and 17.3% fintech growth to USh 1.1 trillion. EBITDA rose 17.0% to USh 1.9 trillion, expanding the margin to 53.8%. Reported profit after tax grew 5.8% to USh 679 billion after absorbing a one-off USh 110.9 billion transfer pricing settlement with the Uganda Revenue Authority. Adjusted net profit rose 23.1% to USh 790 billion. The board declared a total dividend of USh 28.75 per share, up 27.2%.UAE’s ASSNTURE Expands Digital Securities Operations to Kenya
Kenya, Rwanda Central Banks Sign Pact to Ease Cross-Border Payments
The agreement establishes a framework for cooperation between the two central banks and introduces groundwork for a “passporting” framework that will allow payment service providers licensed in one country to operate more easily in the other.
