In the latest TechCabal Daily, it is reported that Monzo is expanding its operations into Nigeria. Additionally, Mauritius' largest bank is looking to enter the Côte d'Ivoire market, Zanzibar has signed a $114 million deal for fiber infrastructure, and Daya has raised $2.4 million to support stablecoin payments.

M-Pesa is collaborating with Visa and Onafriq to pilot stablecoin payments in the Democratic Republic of Congo (DRC). This initiative is part of a broader discussion on financial technology developments, which also includes the Central Bank of Nigeria revoking licenses for several banks and Zain's expansion into Syria after MTN's exit, according to Techpoint Africa.

Kenya Insights reports that lawyer Miguna Miguna's criticism of the Sh110 billion sale of NCBA by the Kenyatta and Ndegwa families overlooks unresolved scandals on the buyer's side. According to the outlet, South Africa's Nedbank, which is acquiring the stake, also carries unresolved controversies of its own. The piece frames Miguna's "laundry cycle" allegation as one-sided, arguing that scrutiny of the transaction should extend to both parties involved in the deal.

South African firms are intensifying their investments in Kenya's corporate sector, with planned acquisitions totaling approximately Sh413 billion. This strategy aims to use Nairobi as a gateway into East and Central Africa. Notably, Absa Group has announced intentions to increase its stake in Absa Bank Kenya from 68.5 percent to a higher percentage.

Aliko Dangote is reportedly planning to sell a partial stake in the Dangote Petroleum Refinery, Africa's largest refinery, in a deal valued at around $5 billion, according to Tori.ng. The planned financial move is intended to attract billions of dollars from investors into the facility. The refinery, located in Lagos, Nigeria, has been central to the country's efforts to cut fuel imports and boost domestic refining capacity since it began operations.

TechCabal's daily newsletter covers several African tech and business developments, led by an investigation by Nigeria's antitrust watchdog into Uber's exit from the market. The edition also reports that South African regulator ICASA is reviewing the impact of digital platforms, the Financial Sector Conduct Authority has fined executives at Altvest, and solar company Sun King has introduced smartphone financing for customers. These stories span competition policy, digital regulation, financial enforcement, and consumer fintech across African markets.