Shelter Afrique Development Bank reports 20% growth in profitability
The bank’s performance in 2025 reflects the successful execution of our transformation agenda and the strength of our governance, strategy, and partnerships.
Category: Banking
Cross Switch goes live with Absa Pay to deliver bank‑authenticated payments for merchants
For merchants on the Cross Switch platform, Absa Pay can be enabled with limited additional development and integrates seamlessly alongside existing payment methods.
Wazalendo SACCO reports assets reaching sh1.4 trillion.
Figures released on Fools Day but were never to fool members and the public during the SACCO’s 20th Annual General Meeting held at Gaddafi Barracks in Jinja, showed that total assets increased to shs1.4 trillion from shs1.1 trillion over the same period.
Cross Switch goes live in South Africa with NjiaPay partnership
This partnership supports that vision by giving South African businesses easier access to multiple payment capabilities through our platform.
Why Afreximbank’s break with Fitch exposes a deeper rift
The pivotal rupture occurred on January 28, 2026, when Fitch downgraded Afreximbank to ‘BB+’ from ‘BBB-‘ and subsequently withdrew all ratings.
AI to feature at the 2025 Afreximbank compliance forum in Kigali
Dr George Elombi, Executive Vice-President, Governance, Legal and Corporate Services and Incoming President, Afreximbank, said: “Artificial Intelligence (AI) is not the future of compliance, it is already shaping the present.
BADEA approves USD120m to support Shelter Afrique Development Bank capitalization program
Commenting on the program, the president of BADEA H.E. Abdullah KH ALMUSAIBEEH, “We see this capital program as a strategic milestone in Shelter Afrique Development Bank’s evolution.
Absa unveils groundbreaking brand TVC exploring AI and the story behind the numbers
The Story Behind the Numbers”, the campaign marks the latest expression of Absa’s #WeSeeYourStory – a powerful new brand campaign that builds on the 2024 launched brand repositioning #YourStoryMatters.
Deposit Protection Fund urges Ugandans to know ‘their banks’ for safety
Ugandans are encouraged to visit the official Deposit Protection Fund website or consult their banks to confirm coverage status and learn more about how the deposit insurance system works.
Algeria to host Shelter Afrique Development Bank’s 44th AGM in July
Shelter Afrique Development Bank remains committed to championing solutions that enhance urban resilience, economic empowerment, and inclusive growth.
Cross Switch bolsters African footprint with strategic partnership with Pesawise, Kenya
The Cross Switch solution is tailored to support businesses of every shape and size, driving financial inclusion while at the same time empowering social impact organisations.
Markets-focused fintech platform PalmPay unveils new debit card with Verve
PalmPay is redefining what digital banking in emerging markets can look like – personalised, comprehensive, and accessible to everyone.