08/18/2023
South Africa's Standard Bank posts 34% jump in interim profit
The lender posted a headline earnings per share of 12.8 rand for the six months ended June 30, up from 9.55 rand a year earlier
Retail Banking
08/17/2023
South Africa's top online retailer braces for battle with Amazon
Takealot launches 1-hour delivery as Amazon entry expected
08/15/2023
KCB inks Sh1bn loan insurance deal for small businesses
Risk-sharing facilities are increasingly emerging as key tools of supporting the closing of knowledge gaps by lenders
08/15/2023
Absa’s rest of Africa operations come to the rescue
Providing a third of its profit, the bank is upbeat about its prospects for growing market shares outside SA
08/14/2023
Banks strike high-profile borrowers in default panic
KCB Group, Kenya’s largest bank by asset size, has been the busiest in the courts, applying for the seizure of various properties for unpaid loans running into billions of shillings.
08/14/2023
After Buying Standard Chartered’s Sub-Saharan Banks, Access Holdings Acquires $7m Stake in Kenyan Subsidiary
The capital injection will increase Access Bank Kenya's shareholder funds and capital ratios
08/14/2023
Things are looking up for South Africa, says Absa
Overall, the dividend per share for the period jumped by 5.4% from 650 cents in 2022 to 685 cents in 2023.
08/10/2023
Kenya cuts use of ‘emergency loans’ as cash flow pressure eases
Improved performance in domestic borrowing has helped ease liquidity bottlenecks
08/10/2023
Stanbic IBTC Highlights Trade Export, Financing Benefits
Relationship Manager, Africa China Banking, Stanbic IBTC Bank, Henry Oradiegwu, emphasised the significance of trade relations and partnership between Africa and China.
08/09/2023
Alarm bells ringing for consumers in South Africa
The bank said that this is reflective of the challenging economic environment in South Africa, which ended up being more daunting than initially forecast.
08/08/2023
KCB freezes Sh115m payout to former casual workers
Justice Monica Mbaru had in a precedent-setting decision ruled that it amounted to unfair labour practice to keep employees on contract for more than three years.
08/07/2023
Afreximbank opens CARICOM office in Barbados
The Afreximbank CARICOM Office will support the implementation of the Partnership Agreement between Afreximbank and CARICOM member states aimed at expanding Africa-Caribbean trade and investment relations.
08/07/2023
Bank shareholders protest as directors borrow N113bn
During the period under review, Sterling Bank revealed that it granted N2.4bn facilities to its directors and some employees, while Access Holdings announced N469.01m insider-related credits in 2022, up from N268.21m.
08/07/2023
Ecobank gets award for SMEs support
In the last 12 months, Ecobank had launched initiatives targeted at SMEs namely, Ecobank Single Market Trade Hub, which supports the AfCFTA’s single African market
08/01/2023
Accion Microfinance Bank gets awards, pledges to empower more businesses
The bank described the awards as recognitions and testaments of its commitment to its mission and vision of transforming and empowering lives and businesses in the most sustainable and ethical manner in Nigeria.
08/01/2023
Zenith retains ‘Best Commercial Bank in Nigeria’ award
The recognitions celebrate the bank’s tremendous feats and milestones in financial performance, financial inclusion, corporate governance and sustainability a statement by the bank said.
07/28/2023
Bank loan rates rise past 20pc in repricing cycle
Customers at Standard Chartered meanwhile face interest rates of as high as 16.5 percent after the lender changed its base lending rate to 10.5 percent from 10 percent previously, effective from August 5.
07/27/2023
Ecobank Wins Euromoney Award As Africa’s Best Bank For SMEs
Undoubtedly, these SMEs are the key drivers for Africa’s economic growth, as they create jobs, generate prosperity while eliminating poverty across the continent.
07/27/2023
NCBA Plans To Open 10 More Branches By December
Its expansion seeks to enhance its retail business and financial services convenience for customers.
07/24/2023
African Development Bank and Asian Development Bank announce $1 billion swap
The African Development Bank and the Asian Development Bank finalize a groundbreaking $1 billion exposure swap, aimed at releasing more sovereign lending headroom and strengthening the African bank's capital adequacy measures.