Yellow Card Joins Circle Payments Network to Boost USDC Access in Africa
Stablecoin payment platform Yellow Card has officially joined the Circle Payments Network (CPN), a move designed to expand access to USDC across Africa. The integration will bring real-time Nigerian Naira (NGN) payouts, enabling faster and more affordable domestic and cross-border settlements for remittances, payroll, and trade finance.
By leveraging CPN, Yellow Card aims to bridge the gap between traditional finance and decentralized protocols, positioning itself as a key USDC gateway for both individuals and businesses on the continent. This comes as Africa’s crypto economy continues to grow, with stablecoins representing a significant portion of on-chain transaction volume.
Revolut Plans Entry into Morocco
Revolut, the London-based digital bank, is preparing for a potential entry into Morocco as part of its broader international expansion plans.
The company has begun building a local team to support its efforts in the North African country.
A Revolut spokesperson told Asharq, as reported by 7news Morocco, that the fintech firm is currently assessing multiple international markets, with Morocco standing out as a promising option for expansion in the MENA region.
Read more: https://fintechnews.africa/45607/fintech-morocco/revolut-morocco-expansion/
Afreximbank Signs US$1.35 Billion Financing as Lead Arranger in USD 4 Billion Syndicated Facility to Refinance Dangote Refinery Construction
Abuja, Nigeria, 04 August 2025 –African Export-Import Bank (Afreximbank) is pleased to announce the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication.
This financing— one of the largest syndicated loans in recent African financial markets—will refinance capital expended on constructing the Dangote Petroleum Refinery and Petrochemicals Complex, the biggest single-train refinery in the world with a capacity of 650,000 barrels per day. The financing alleviates initial operational expenditures and enhances DIL’s balance sheet, supporting its continued growth trajectory.
Afreximbank contributed US$1.35 billion, the largest share among participating banks, underscoring its commitment to large-scale infrastructure that advances Africa’s industrialization, energy security, and intra-African trade.
Tanzania Enforces Ban on Foreign-Owned Fintechs in Mobile Money Sector
In what seems to be a swift move towards economic self-regulaTanzania Enforces Ban on Foreign-Owned Fintechs in Mobile Money Sector, the Tanzanian government has decided to restrict certain booming sectors to citizens only. A new directive, effective immediately as of Monday, mandates that foreign-owned and operated fintech companies in the mobile money space must exit the market.
On July 28, 2025, the government issued Government Notice №487A, a candid document outlining a ban on non-citizens engaging in 15 specific business activities. Among these is the multi-billion-dollar mobile money transfer sector, placed alongside “salon business” and “small-scale mining.” For the growing number of international startups that viewed Tanzania as a vital hub in the pan-African fintech landscape, the message is unmistakable, if not entirely welcoming.
Read more: https://www.techinafrica.com/tanzania-enforces-ban-on-foreign-owned-fintechs-in-mobile-money-sector/
Hong Kong to issue first stablecoin licences in early 2026
The Hong Kong Monetary Authority (HKMA) has moved to quell the market’s expectations after the stablecoin bill was passed back in May.
Since then, investors have ploughed money into Hong Kong-based crypto companies.
Fintechs ave also looked to raise cash to expand their businesses in anticipation of Hong Kong’s future status as a global hub for digital assets.
Reforming Somalia’s banking sector amid crisis and opportunity
Somalia’s banking sector is undergoing a quiet transformation, potentially marking one of the Horn of Africa’s most ambitious financial overhauls. Over the past decade, the country has made strides in rebuilding its banking institutions, embracing digital innovation, and introducing long-awaited reforms. But alongside this progress lies a stark reality – liquidity constraints, dollarisation and governance challenges threaten to undermine fragile gains.
As the Central Bank of Somalia (CBS) strengthens its regulatory framework and new legislation reshapes the financial landscape, the country stands at a crossroads. Can Somalia’s banking sector deliver meaningful, inclusive growth? Or will systemic weaknesses erode confidence in a sector that desperately needs public trust?
Somalia’s financial sector has grown rapidly over the years – there are 13 licensed banks active in the country, the largest of which include the International Bank of Somalia (IBS), Premier Bank, Salaam Somali Bank, Dahabshiil International Bank, and Amal Bank.
