07/14/2019
The State had been paying relatives and dependents of dead people retirement benefits, helped by the growing use of ATM cards and mobile banking, which do not require the physical presence of beneficiaries in banking halls.
07/14/2019
About 221,590 claimants with irregular or no tax PIN were paid Sh44 billion, some 7,166 others with irregular identity cards got an undisclosed amount, with 232 claimants having shared Sh152.8 million, according to the report.
07/12/2019
“We commend the African Development Bank Group for its support to the region’s development projects, as it is engaged in the process of the African Development Fund (ADF) replenishment and the General Capital Increase,” said President Is
07/12/2019
Most of this fraud was put down by the agency to bogus calls which make individuals think they’re talking to their bank, and, of course, phishing emails.
07/11/2019
The share of Tier Three banks of total deposits in the banking industry remained relatively small and not likely to substantially influence the overall growth of deposits.
07/11/2019
The job cuts will reduce the massive bank's global workforce to 74,000 – which means that more than a fifth of workers at the bank will be out of a job – and strip out €6 billion (roughly R94 billion) in costs.
07/11/2019
In the face of improved life expectancy and an increasing burden of disease, an overemphasis on life insurance over ‘survival’ cover may be detrimental to South Africans
07/10/2019
They ranged from the regulators, the payment system operator, through to the retail banks, neo-banks, payment service providers, financial technology providers, e-commerce payment service providers and large retailers.
07/10/2019
Most of the top ten of these transactions are in the process of being finalized.
07/10/2019
This is largely attributable to mobile accounts, with 20% of digital-wallet users being previously unbanked.
07/08/2019
To make the situation worse, in 2018 alone, thousands of Russian companies are said to have closed their operations thanks to diplomatic isolation from Europe and the US over Syria.
07/07/2019
The bank, which operates in South Africa, is majority-owned by African Rainbow Capital
07/07/2019
"I worry about increased indebtedness in Africa," Dr Ghanem said in an interview shortly after meeting with President Uhuru Kenyatta at State House, Nairobi, this week.
07/07/2019
So where do they spend their money? Where do they live, eat, dine and drive?
07/07/2019
Regulatory changes, such as the interest rate cap in Kenya and stricter capital requirements, are also putting smaller lenders under pressure and inviting takeovers by large peers.
07/06/2019
The firm is an unintended casualty of Ghana’s efforts to clean up its banking industry last year when the central bank ordered lenders to almost triple their minimum capital levels to 400 million cedis.
07/06/2019
This is the main recommendation made by experts from 12 African countries, France, the United Kingdom, China, Mongolia, and Kazakhstan.
07/05/2019
This implies a powerful incentive for companies to bring more women into their decision-making processes.
07/05/2019
There is no doubt that poor governance, insolvency, and liquidity failings underpinning the licence revocations were real.
07/05/2019
In the report released by Sean Marion, Moody’s managing director for financial institutions, South African banks were head above shoulders of its neighbours