Africa

Finance & Economics

AAMFI Infrastructure Financing Facility Launches with USD 1.5 Billion to Accelerate Africa’s Infrastructure Development

Financing instruments like the AAMFI Infrastructure Financing Facility are crucial in times when Africa faces a massive infrastructure funding shortfall.

News

Afriex Partners with Visa to Enable Real-Time Cross-Border Payments Across 160+ Markets

Afriex’s new functionality is now live and available immediately via the Afriex mobile app, enabling users to send cross-border payments seamlessly and securely through Visa Direct.

Fintech & Ecommerce

Paystack Partners with PesaLink to Unlock Instant Bank Transfers for Kenyan Businesses

Paystack new integration with Kenya’s real-time interbank network PesaLink unlocks direct bank payments 24/7, giving merchants faster cash flow and customers a simpler, card-free way to pay.

Events

Inside Converge Africa 2026: How Africa’s digital leaders are designing the future of commerce

Converge Africa 2026 stands as the catalyst for that transformation, where vision meets venture and technology meets trust

News

AfDB and IFC Appoint Inspired Evolution to Lead New Renewable Energy Fund for Africa

Backed by global development heavyweights, including IFC, AfDB, The Rockefeller Foundation, TDB Group, and NDF, Zafiri is filling one of Africa’s toughest financing gaps by channeling long-term equity into distributed renewable energy companies that deliver last-mile access where traditional capital falls short.

News

Africa Trade Gateway Takes Digital Trade to the Next Level With National Adoption Awareness Initiative in Rwanda

In a landmark move for Africa’s digital transformation, the Africa Trade Gateway (ATG) has launched its national adoption awareness campaign in Rwanda — a step that positions the country at the forefront of driving the AfCFTA’s vision of one integrated African market.

News

Forum Invest in Senegal (Fii Senegal 2025): $23.5 Billion in Commitments for a New Economic Momentum

Among the major announcements of Forum Invest in Senegal (Fii Senegal 2025), international institutions, notably the International Finance Corporation (IFC) and the World Bank, confirmed $160 million in long-term commitments to support national priorities.

News

Forum Invest in Senegal 2025 (Fii Senegal 2025): President Bassirou Diomaye Faye calls for investment in a transforming Senegal

Over the course of two days, the forum — centered around the theme “Connecting Opportunities, Building the Future”— welcomed policymakers, investors, and global leaders in Dakar for high-level dialogue.

Events

African Trade Experts to Meet in Abidjan for Afreximbank’s 25th Trade Finance Seminar (ATFS2025) and Factoring Workshop

The discussions will explore innovative financing structures designed to unlock new business opportunities, with a particular focus on supporting small and medium-sized enterprises (SMEs).

News

dLocal and XanderPay Join Efforts to Streamline Cross-Border Payments for Hospitality Sectors Across Africa, Asia, and Latin America

As partners, dLocal and XanderPay aim to facilitate cross-border payments for hotels and online travel agencies (OTAs) in various markets of Africa, Asia, and Latin America.

News

Mastercard & Smile ID to Advance ID Verification Across Africa

Mastercard is expanding the scope of its cooperation with SmileID to accelerate the use of advanced identity verification tools for customer onboarding across the African continent.

Fintech & Ecommerce

Global Payments Revenue to Reach $2.4T by 2029

Although annual revenue growth is expected to slow from 8.8% to 4.0% within the next five years, global payments revenue is still forecast to increase to $2.4 trillion by 2029, as agentic AI, digital currencies, and fintech business models boost the growth.

Fintech & Ecommerce

Mobile Money Accounts Surpass Traditional Bank Use in Low Income Countries

Mobile money is one of the main drivers of financial inclusion in low-income economies where such financial accounts surpass traditional bank ones.

News

First Pan-African Card Scheme Launches to Boost Cross-Border Payments and Strengthen Intra-African Trade

Afreximbank, PAPSS, and MPS unveiled PAPSSCARD – the first Pan-African card scheme aiming to make retail payments across African borders fast, secure, and affordable.

Blockchain & Crypto

Kenya Enters the Digital Asset Era with Launch of KDX by DeFi Technologies, SovFi, and NSE

Kenya Digital Exchange (KDX) will enhance the country‘s financial market infrastructure by offering a secure and fully regulated way to tokenise real-world assets.

News

PayPal & TerraPay To Power Real-Time Cross-Border Payments Across MENA

Together, PayPal and TerraPay aim to make cross-border transactions across the Middle East and Africa faster, easier to use and more accessible.

Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.