African markets and business updates

Its challenge now is to show that the technology and cost structure that got it to break-even can support a much larger business. Bank Zero, the South African app-only bank, has reached break-even five years after opening to the public, with a partnership model that could now let it scale far beyond its own customer base. The lender recorded its first break-even month in August , meaning its revenue covered its operating costs for the month. It does not mean the bank has become consistently profitable, and Bank Zero expects earnings to remain uneven in the short term.…

The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.

A former commander of The Gambia’s notorious “Junglers” paramilitary unit has appeared before a military court in Banjul, facing charges of desertion.

The outbreak has now affected 63 health zones with an overall case fatality rate of 48.2 per cent.

Nearly 130,000 people have been displaced across seven governorates in Yemen due to escalating insecurity, with many of them having been displaced multiple times, the International Organization for Migration (IOM) said on Monday.

This year’s UN General Assembly meeting is expected to see the African Union push for a bigger voice at the world body, including permanent African representation at the UN Security Council.

Deep Yellow Limited Registration No. ABN 97 006 391 948 Registered as an external company in Namibia ISIN Code: AU000000DYL4 NSX Share Code: DYL FORM 604 – NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER Deep Yellow Limited ABN 97 006 391 948 (ASX:DYL) […]

The proposed rules could make it harder for early-stage and bootstrapped fintechs to enter the market. Kenya is proposing new capital requirements of up to KES 250 million ($1.93 million) for payment companies, raising the cost of entry for fintechs seeking to compete in the country’s payments market. Under the National Payment System Bill, 2026 , the Central Bank of Kenya (CBK) is establishing mandatory minimum capital thresholds ranging from KES 5 million ($38,610) for basic data services to KES 250 million ($1.93 million) for electronic money issuers. Existing payment providers will have one year from the law’s enactment to align with the new capital rules, subject to CBK guidelines.…

The 18 men accused of involvement in the 2021 assassination of President Jovenel Moïse were extradited to the Unted States over the weekend.

A British man will appear before a London court on Tuesday to face charges in connection with the 1994 Rwanda genocide. It’s the first time the United Kingdom has charged anyone in connection with the 100-day slaughter.