🧭 The Latest Edition of Frontier Fintech GPS is Here

Every week, I break down the 10 fintech stories that matter most to fintech leaders across Africa. From banking regulation and remittances to infrastructure bets and cross-border plays, this week’s edition highlights the biggest moves shaping the future of African financial services.

Here’s what’s in this week’s roundup:

🇰🇪 Kenya lifts the 9-year freeze on new bank licenses The CBK will begin issuing new commercial bank licenses from July 2025, following years of regulatory strengthening. A new KSh 10B ($77M) capital requirement signals the return of competition — and possibly neobanks — to the Kenyan market.

🇰🇪 Safaricom commits $300M to build M-PESA 2.0 The mobile money giant is overhauling its platform to introduce new features like virtual cards, real-time cross-border payments, and zero downtime. The move boosts its edge against Airtel Money and supports its expansion into Ethiopia.

🇳🇬 CBEX crypto losses closer to $6.1M, not $822M CBEX, a failed crypto scheme, promised 100% monthly returns but was never licensed. While reports claimed massive losses, blockchain analysis shows actual tracked deposits were ~$6.1M. A critical reminder of due diligence in digital assets.

📌 Also in this edition:

✅ Moniepoint launches UK-Nigeria remittance app 'MonieWorld'

✅ Nairobi Securities Exchange to launch tokenized asset platform

✅ DPI acquires Egypt’s $105M fintech fund Nclude

✅ Capitec unveils 'Simple Fees' campaign for transparent pricing

✅ Access Bank invests $120M in tech, cuts fraud by 73%

✅ Italy flags US stablecoins as threat to euro sovereignty

✅ Fireblocks backs Circle’s new USDC-based cross-border network

📰 Read the full edition on Substack here: 👉