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The 2026 Budget doubled your single discretionary allowance – Harry Scherzer, CEO, Future Forex

JOHANNESBURG (Capital Markets in Africa): Since the SARB raised the single discretionary allowance (SDA) to R2 million per calendar year on 8 April 2026, much has been said about the enhanced flexibility South African residents now have to move funds abroad. But, while the threshold has increased, the compliance framework governing international transfers remains unchanged — and currency volatility continues to introduce an extra layer of risk. That’s why execution matters just as much as…

The Next Phase of Financial Inclusion in Africa: Digital Identity, Trust and Collaboration

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Across Africa, a quiet but powerful transformation is underway. Governments, regulators, and innovators have spent the past decade building the foundations of a more inclusive digital financial ecosystem, through investments in digital payments, digital identity systems, and modern data infrastructure. These developments are often described through the lens of Digital Public Infrastructure (DPI), the digital rails that enable economies to operate more efficiently, expand financial access and accelerate innovation….

Recognizing Leaders Who Power Digital Inclusion – Connected Banking Awards Ethiopia 2025

Posted on by The Editorial Team

The 23rd Edition Connected Banking Summit – Innovation & Excellence Awards 2025 spotlighted Ethiopia’s leading banks and financial institutions, honoring those redefining the future of finance through digital transformation, innovation, customer excellence, and visionary leadership. Highlights of the Awards Night Bank of the Year – Commercial Bank of Ethiopia Honoured for its outstanding leadership, transformative vision, and pioneering digital initiatives, Commercial Bank of Ethiopia continues to set the gold standard in the nation’s banking sector….

Fitch: Nigerian Bank Ratings Sensitive to Sovereign, Operating Environment

Posted on by The Editorial Team

LONDON (Capital Markets in Africa): Seven Nigerian bank and two bank holding company Long-Term Issuer Default Ratings (LT IDRs) would be likely to be upgraded if Nigeria’s sovereign LT IDRs (B-/Positive) were upgraded and the entities maintained stable financial profiles, Fitch Ratings says. The Positive Outlooks on the entities’ ‘B-’ LT IDRs mirror that on the sovereign. The entities are Access Bank, Zenith Bank, First HoldCo, First Bank of Nigeria, United Bank for Africa (UBA),…

The 20th Edition Connected Banking Summit – Innovation & Excellence Awards 2025

Posted on by The Editorial Team

Nairobi, Kenya – The 20th Edition Connected Banking Summit – Innovation & Excellence Awards 2025 successfully convened a distinguished line up of industry leaders, innovators, and decision-makers from the banking, fintech, cybersecurity, and financial services sectors. Held on March 12, 2025, at Mövenpick Hotel & Residences, Nairobi, Kenya, the summit served as a premier platform for knowledge sharing, networking, and discussions on the future of banking in East Africa. A Stellar Lineup of Industry Experts…

Industry Leaders and Sponsors Driving Innovation at the 20th Connected Banking Summit – East Africa 2025

Posted on by The Editorial Team

NAIROBI, KENYA (March 12, 2025): The 20th Edition Connected Banking Summit – Innovation & Excellence Awards 2025 concluded with a prestigious Innovation & Excellence Awards Ceremony, recognizing the best-performing financial institutions and leaders who have made remarkable contributions to banking innovation, financial inclusion, and customer excellence. Institutional Excellence Awards  Excellence in Customer Experience – Family Bank  Excellence in Digital Channels – Diamond Trust Bank Kenya  Excellence in Inclusive Banking – CIB Kenya Ltd…

Recognizing Excellence at the Connected Banking Awards 2025

Posted on by The Editorial Team

The Connected Banking Summit – Innovation & Excellence Awards 2025 celebrated the most outstanding banking and fintech leaders in West Africa, recognizing institutions and individuals driving digital transformation, cybersecurity advancements, and customer-centric financial services. 🏆 Honoring Innovation & Leadership The awards gala highlighted the achievements of organizations and executives who have set new standards in financial innovation, operational efficiency, and technological advancement. 🏆 Institutional Excellence Awards  Excellence in Cash Management – GT Bank Ghana…

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