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<p>Nigeria&#8217;s DANBA Group has acquired 100% of KMC Micro-Finance Bank, with plans to launch &#8220;Africa&#8217;s biggest and most effective digital banking operation&#8221; in just eight weeks. The move reflects DANBA&#8217;s commitment to financial inclusion and access in Africa, according to Saadina Dantata Jnr, the group&#8217;s Head of ICT. Dantata said the digital bank will deploy cutting-edge technology to offer unprecedented incentives and make banking accessible to everyone in Africa.</p>
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<p>With only 39% of Nigerians using the formal banking system, DANBA sees the country as Africa&#8217;s leading fintech frontier. The indigenous firm, established in 1995, started as a telecom, chemical, and ICT hardware trading company.</p>
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