Lesaka-Bank Zero acquisition delayed as CBN data localisation adds fintech regulatory risk

Lesaka has delayed the closing of its Bank Zero acquisition, adding execution uncertainty to a deal already unfolding against a tightening regulatory backdrop. Nigeria's CBN data localisation directive continues to generate compliance cost concerns for fintech operators, reinforcing yesterday's risk signal. Together the developments underscore a more complex regulatory environment for cross-border fintech M&A and operations across the continent.