07/21/2020
Nigerian lender Access finalises Transnational buyout in Sh1.4bn deal
Access Bank is listed on Nigerian Stock Exchange since 1998 and is the largest lender in West African country with assets worth Sh1.17 trillion.
Retail Banking
07/21/2020
Nigeria: Former Diamond Bank CEO introduces new digital banking platform
Sparkle, a smartphone enabled platform, offers many traditional banking products – providing loans, enabling savings, shopping transactions, paying bills, buying airtime, and sending money to third parties.
07/20/2020
Ghanaian banks rated ‘above average’ and score better than those in the UK, US News Ghana
The bank quality rating system on which the database is anchored uses a heuristic methodology to analyse the signals that banks are sending out in their annual reports
07/20/2020
South Africa’s banking sector is dominated by 5 names – who control almost 90% of all assets
Total banking sector assets grew by 16.36% year on year, to R6.6 trillion at the end of March 2020 (March 2019: R5.7 trillion).
07/20/2020
CEO of Ghana Bankers Association, Daniel Ato Kwamina Mensah is dead
The Ghana Bankers Association recently announced that he was set to retire this year after years of service with the Association.
07/20/2020
Co-op Bank acquisition triggers Jamii Bora row
Mr Kabiru responded to the shareholders on June 30 saying that Jamii Bora was not obliged to provide most of the information requested.
07/20/2020
Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services
HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers with the power to build their world and perform digital transactions how they want.
07/20/2020
Nigerian banks to limit debit card spending abroad to ease FX risk
Other lenders — Ecobank and Fidelity Bank — have also lowered withdrawal limits for individuals while abroad.
07/20/2020
FNB will no longer email bank statements – Here is what other banks are doing
As part of our ongoing measures, FNB will minimise the distribution of monthly statements via post and email.
07/17/2020
AfDB to provide $400 million of $16 billion in largest private investment in Africa
When the project is completed total expects Mozambique to earn up to $50 billion in Natural gas
07/16/2020
Ecobank Group Named Africa's Best Bank for Corporate Responsibility by Euromoney
Ecobank's Corporate Responsibility primarily concentrates on the three key areas of health, education and financial inclusion.
07/16/2020
Euromoney Awards for Excellence 2020 Africa winners revealed
Equity Bank takes the region's best bank accolade in this year's Euromoney Awards for Excellence.
07/15/2020
Ecobank Group named Africa’s Best Bank for Corporate Responsibility by Euromoney
Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa
07/15/2020
Nedbank: Banking sector has supported this economy, we don't need more intervention
Some of the interventions it proposed included ensuring increased competition in the banking sector and accelerating the establishment of a State Bank.
07/15/2020
Absa regional operations’ data analytics team wins at Retail Banking International Awards
Customer360 tackles the issue of data availability in banking, especially in emerging markets, where many of the continent’s citizens are unbanked.
07/15/2020
South African banks mull how to avoid debt defaults when pandemic relief ends
In point of fact, over the recent months, the S. African lenders had supported their customers with pandemic
07/14/2020
Co-op Bank cuts ownership in CIC Insurance to 24 percent
The lender says it received Sh106.6 million from the multiple transactions that saw it sell a total of 44.7 million shares in the investment vehicle.
07/14/2020
Tanzania: NBC Bank Scoops African Banker Awards 2020
The category attests for the excellence in supporting and transforming SMEs in the continent.
07/14/2020
Union Bank of Nigeria : to Expand Agency Banking Network
"Every week we selected 10 of those stories and rewarded them with N250,000 and we had 40 winners over four week which is a total of N10 million."
07/13/2020
Coronation Merchant Bank commences full automation of its Trade Finance Operations
"Leveraging this platform, we hope to further improve our clients end-to-end experience in their trade related transactions”.