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HomeDaily NewsFriday, June 27, 2025Financial Developments in Kenya and Ghana
Technology & Innovation2 stories from 2 sources

Financial Developments in Kenya and Ghana

Stanbic Bank's 2024 sustainability report reveals KSh 500M in green loans. Onafriq partners with PAPSS for cross-border payments in Ghana.

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Friday 8:05 AMTech ArenaFirst

Stanbic Bank’s 2024 Sustainability Report Highlights KSh 500M in Green Loans and More Inclusive Finance

Stanbic Bank’s 2024 Sustainability Report Highlights KSh 500M in Green Loans and More Inclusive Finance

Stanbic Holdings has released its 2024 Sustainability Report, highlighting its facilitation of KSh. 76 billion in trade and the provision of over KShs 500 million in loans for green energy initiatives.

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Key Highlights

Stanbic Holdings has released its 2024 Sustainability Report, highlighting its facilitation of KSh. 76 billion in trade and the provision of over KShs 500 million in loans for green energy initiatives.

  • KShs 76 billion in trade facilitated, underscoring the bank's commitment to sustainability.
  • Reported by Dr. Joshua Oigara, Chief Executive of Stanbic Bank Kenya and South Sudan.
  • The report reflects a focus on partnerships and sustainable initiatives to drive economic growth and combat climate change.
Friday 12:45 PMTechish Kenya

Onafriq Partners with PAPSS to Launch Cross-Border Payment Services in Ghana

Onafriq Partners with PAPSS to Launch Cross-Border Payment Services in Ghana

Onafriq has partnered with the Pan-African Payment and Settlement System (PAPSS) to launch cross-border payment services in Ghana, marking a significant shift in Africa's financial landscape.

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Key Highlights

Onafriq has partnered with the Pan-African Payment and Settlement System (PAPSS) to launch cross-border payment services in Ghana, marking a significant shift in Africa's financial landscape.

  • Official launch of a six-month pilot program approved by the Bank of Ghana, targeting outbound transactions.
  • Key figures include 961 million mobile wallets and 464 million bank accounts connected across 43 African markets by Onafriq.
  • The partnership aims to reduce cross-border transaction costs, facilitating real-time transfers and enhancing regional financial integration.
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